Industry (including construction), value added in Greenland
Greenland: Industry (including construction), value added was 613.64 million current US$ in 2023. ▲ Rising
Industry (including construction), value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2023, industry (including construction), value added in Greenland stood at 613.64 million current US$.
The figure is down 0.2% on the previous year and up 26.0% over ten years.
Over the whole period, industry (including construction), value added in Greenland peaked at 638.17 million current US$ in 2020 and was at its lowest, 228.09 million current US$, in 2003.
That places Greenland 172nd out of 208 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 348.48 million current US$ | 228.09 million current US$ | 455.26 million current US$ | 7 |
| 2010s | 482.43 million current US$ | 426.02 million current US$ | 556.55 million current US$ | 10 |
| 2020s | 623.01 million current US$ | 613.64 million current US$ | 638.17 million current US$ | 4 |
Countries ranked near Greenland
- 169 Lebanon 684.08 million current US$ compare
- 170 Central African Republic 650.74 million current US$ compare
- 171 Lesotho 647.45 million current US$ compare
- 173 Burundi 613.34 million current US$ compare
- 174 French Polynesia 593.50 million current US$ compare
- 175 Cayman Islands 593.36 million current US$ 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 industry (including construction), value added in Greenland?
- Industry (including construction), value added in Greenland was 613.64 million current US$ 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 638.17 million current US$ in 2020.
- What is the lowest industry (including construction), value added recorded in Greenland?
- The lowest recorded value was 228.09 million current US$ in 2003.
- How does Greenland rank for industry (including construction), value added?
- Greenland ranks 172nd out of 208 countries with data for 2023.
- Is industry (including construction), value added rising or falling in Greenland?
- Over the last ten years it is up 26.0%. 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.