Industry (including construction), value added in Greenland
Greenland: Industry (including construction), value added was 18.4% in 2023. ▲ Rising
Industry (including construction), value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for industry (including construction), value added in Greenland is 18.4%, measured in 2023.
Compared with earlier readings it is down 5.5% on the previous year and up 1.7% over ten years.
Over the whole period, industry (including construction), value added in Greenland peaked at 20.7% in 2020 and was at its lowest, 14.6%, in 2003.
That places Greenland 140th out of 208 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.6% | 14.6% | 18.2% | 7 |
| 2010s | 17.6% | 15.7% | 18.9% | 10 |
| 2020s | 19.4% | 18.4% | 20.7% | 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 3.80 billion constant LCU (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 18.4% 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 20.7% in 2020.
- What is the lowest industry (including construction), value added recorded in Greenland?
- The lowest recorded value was 14.6% in 2003.
- How does Greenland rank for industry (including construction), value added?
- Greenland ranks 140th 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 1.7%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.