Industry (including construction), value added in Greenland
Greenland: Industry (including construction), value added was 3.80 billion constant LCU in 2023. ▲ Rising
Industry (including construction), value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2023, industry (including construction), value added in Greenland stood at 3.80 billion constant LCU.
The figure is down 1.3% on the previous year and up 36.3% over ten years.
Over the whole period, industry (including construction), value added in Greenland peaked at 4.29 billion constant LCU in 2020 and was at its lowest, 1.59 billion constant LCU, in 2003.
That places Greenland 162nd out of 199 countries with data for 2023, putting it 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 | 2.07 billion constant LCU | 1.59 billion constant LCU | 2.54 billion constant LCU | 7 |
| 2010s | 3.10 billion constant LCU | 2.55 billion constant LCU | 3.55 billion constant LCU | 10 |
| 2020s | 3.93 billion constant LCU | 3.79 billion constant LCU | 4.29 billion constant LCU | 4 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Services, value added 2.2% (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 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 industry (including construction), value added in Greenland?
- Industry (including construction), value added in Greenland was 3.80 billion constant LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Greenland?
- The highest recorded value was 4.29 billion constant LCU in 2020.
- What is the lowest industry (including construction), value added recorded in Greenland?
- The lowest recorded value was 1.59 billion constant LCU in 2003.
- How does Greenland rank for industry (including construction), value added?
- Greenland ranks 162nd out of 199 countries with data for 2023.
- Is industry (including construction), value added rising or falling in Greenland?
- Over the last ten years it is up 36.3%. 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 Industry (including construction), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.