Gross national expenditure in Greenland
Greenland: Gross national expenditure was 25.28 billion current LCU in 2023. ▲ Rising
Gross national expenditure in Greenland, 2003–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross national expenditure in Greenland is 25.28 billion current LCU, measured in 2023. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 1.4% on the previous year and up 39.1% over ten years.
Over the whole period, gross national expenditure in Greenland peaked at 25.28 billion current LCU in 2023 and was at its lowest, 11.47 billion current LCU, in 2003.
Greenland ranks 161st of 185 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.14 billion current LCU | 11.47 billion current LCU | 17.00 billion current LCU | 7 |
| 2010s | 19.51 billion current LCU | 17.57 billion current LCU | 22.27 billion current LCU | 10 |
| 2020s | 24.13 billion current LCU | 22.38 billion current LCU | 25.28 billion current LCU | 4 |
Countries ranked near Greenland
- 158 Oman 34.07 billion current LCU compare
- 159 Faroe Islands 27.00 billion current LCU compare
- 160 Sao Tome and Principe 25.55 billion current LCU compare
- 162 Palestine 22.87 billion current LCU compare
- 163 Malta 19.86 billion current LCU compare
- 164 Solomon Islands 17.08 billion current LCU compare
More economy & growth data for Greenland
- Services, value added 2.2% (2023)
- Industry (including construction), value added -1.3% (2023)
- Industry (including construction), value added 3.80 billion constant LCU (2023)
- Industry (including construction), value added 18.4% (2023)
- Services, value added 2.03 billion current US$ (2023)
- Services, value added 13.98 billion current LCU (2023)
- Services, value added 1.75 billion constant 2015 US$ (2023)
- Discrepancy in expenditure estimate of GDP 0 current LCU (2023)
- GDP deflator 140.95 base year varies by country (2023)
- Inflation, GDP deflator 1.9% (2023)
Frequently asked questions
- What is gross national expenditure in Greenland?
- Gross national expenditure in Greenland was 25.28 billion current LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross national expenditure recorded in Greenland?
- The highest recorded value was 25.28 billion current LCU in 2023.
- What is the lowest gross national expenditure recorded in Greenland?
- The lowest recorded value was 11.47 billion current LCU in 2003.
- How does Greenland rank for gross national expenditure?
- Greenland ranks 161st out of 185 countries with data for 2023.
- Is gross national expenditure rising or falling in Greenland?
- Over the last ten years it is up 39.1%. The long-run trend across the full record is rising.
- Where does this Greenland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross national expenditure (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.