Inflation, GDP deflator in Greenland
Greenland: Inflation, GDP deflator was 1.9% in 2023. ◆ Volatile
Inflation, GDP deflator in Greenland, 1971–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator in Greenland is 1.9%, measured in 2023.
The figure is down 66.8% on the previous year and up 74.6% over ten years.
Over the whole period, inflation, gdp deflator in Greenland peaked at 16.4% in 1975 and was at its lowest, -3.2%, in 2005.
That places Greenland 157th out of 213 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.4% | 5.7% | 16.4% | 9 |
| 1980s | 8.6% | 4.1% | 14.9% | 10 |
| 1990s | 1.7% | 0.5% | 5.1% | 10 |
| 2000s | 1.7% | -3.2% | 6.5% | 10 |
| 2010s | 2.8% | 0.7% | 8.1% | 10 |
| 2020s | 2.3% | 0.8% | 5.6% | 4 |
Countries ranked near Greenland
- 154 Italy 2.0% compare
- 155 Trinidad and Tobago 2.0% compare
- 156 Dominica 2.0% compare
- 158 French Polynesia 1.8% compare
- 159 Tuvalu 1.8% compare
- 160 Cape Verde 1.7% compare
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)
- Discrepancy in expenditure estimate of GDP 0 current LCU (2023)
- GDP deflator 140.95 base year varies by country (2023)
- Services, value added 61.0% (2023)
Frequently asked questions
- What is inflation, gdp deflator in Greenland?
- Inflation, gdp deflator in Greenland was 1.9% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Greenland?
- The highest recorded value was 16.4% in 1975.
- What is the lowest inflation, gdp deflator recorded in Greenland?
- The lowest recorded value was -3.2% in 2005.
- How does Greenland rank for inflation, gdp deflator?
- Greenland ranks 157th out of 213 countries with data for 2023.
- Is inflation, gdp deflator rising or falling in Greenland?
- Over the last ten years it is up 74.6%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.