Manufacturing, value added in Greenland
Greenland: Manufacturing, value added was 90.58 million current US$ in 2023. ▼ Falling
Manufacturing, value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2023, manufacturing, value added in Greenland stood at 90.58 million current US$.
The figure is down 29.8% on the previous year and down 33.4% over ten years.
Over the whole period, manufacturing, value added in Greenland peaked at 156.68 million current US$ in 2018 and was at its lowest, 65.39 million current US$, in 2021.
That places Greenland 180th out of 204 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 134.76 million current US$ | 101.05 million current US$ | 153.78 million current US$ | 7 |
| 2010s | 120.06 million current US$ | 72.32 million current US$ | 156.68 million current US$ | 10 |
| 2020s | 93.55 million current US$ | 65.39 million current US$ | 129.11 million current US$ | 4 |
Countries ranked near Greenland
- 178 Bahamas 99.70 million current US$ compare
- 179 Saint Lucia 95.00 million current US$ compare
- 181 Aruba 88.26 million current US$ compare
- 182 Cayman Islands 67.21 million current US$ compare
- 183 Samoa 63.43 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 manufacturing, value added in Greenland?
- Manufacturing, value added in Greenland was 90.58 million current US$ in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Greenland?
- The highest recorded value was 156.68 million current US$ in 2018.
- What is the lowest manufacturing, value added recorded in Greenland?
- The lowest recorded value was 65.39 million current US$ in 2021.
- How does Greenland rank for manufacturing, value added?
- Greenland ranks 180th out of 204 countries with data for 2023.
- Is manufacturing, value added rising or falling in Greenland?
- Over the last ten years it is down 33.4%. The long-run trend across the full record is falling.
- Where does this Greenland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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.