Gross value added at basic prices (GVA) in Greenland
Greenland: Gross value added at basic prices (GVA) was 16.31 billion constant LCU in 2023. ▲ Rising
Gross value added at basic prices (GVA) in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2023, gross value added at basic prices (gva) in Greenland stood at 16.31 billion constant LCU. That is the highest value across all 21 years on record.
That represents a change of up 1.3% on the previous year and up 19.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Greenland peaked at 16.31 billion constant LCU in 2023 and was at its lowest, 10.54 billion constant LCU, in 2003.
Greenland ranks 159th of 197 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 | 12.13 billion constant LCU | 10.54 billion constant LCU | 13.38 billion constant LCU | 7 |
| 2010s | 14.29 billion constant LCU | 13.62 billion constant LCU | 15.53 billion constant LCU | 10 |
| 2020s | 15.96 billion constant LCU | 15.64 billion constant LCU | 16.31 billion constant LCU | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Services, value added 1.75 billion constant 2015 US$ (2023)
- Industry (including construction), value added 495.03 million constant 2015 US$ (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)
- GDP deflator 140.95 base year varies by country (2023)
- Inflation, GDP deflator 1.9% (2023)
- Services, value added 61.0% (2023)
Frequently asked questions
- What is gross value added at basic prices (gva) in Greenland?
- Gross value added at basic prices (gva) in Greenland was 16.31 billion constant LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Greenland?
- The highest recorded value was 16.31 billion constant LCU in 2023.
- What is the lowest gross value added at basic prices (gva) recorded in Greenland?
- The lowest recorded value was 10.54 billion constant LCU in 2003.
- How does Greenland rank for gross value added at basic prices (gva)?
- Greenland ranks 159th out of 197 countries with data for 2023.
- Is gross value added at basic prices (gva) rising or falling in Greenland?
- Over the last ten years it is up 19.8%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant 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 value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.