PPP conversion factor, GDP in Greenland
Greenland: PPP conversion factor, GDP was 5.11 LCU per international $ in 2023. ▬ Flat
PPP conversion factor, GDP in Greenland, 1990–2023
Source: International Comparison Program (ICP), World Bank (WB). Measured in LCU per international $.
Analysis
In 2023, ppp conversion factor, gdp in Greenland stood at 5.11 LCU per international $.
The figure is down 1.8% on the previous year and up 1.2% over ten years.
Over the whole period, ppp conversion factor, gdp in Greenland peaked at 5.59 LCU per international $ in 2017 and was at its lowest, 4.69 LCU per international $, in 2008.
That places Greenland 106th out of 204 countries with data for 2023, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.36 LCU per international $ | 5.2 LCU per international $ | 5.54 LCU per international $ | 10 |
| 2000s | 5.13 LCU per international $ | 4.69 LCU per international $ | 5.56 LCU per international $ | 10 |
| 2010s | 5.27 LCU per international $ | 4.96 LCU per international $ | 5.59 LCU per international $ | 10 |
| 2020s | 5.27 LCU per international $ | 5.11 LCU per international $ | 5.52 LCU per international $ | 4 |
Countries ranked near Greenland
- 103 Eswatini 5.87 LCU per international $ compare
- 104 Hong Kong 5.52 LCU per international $ compare
- 105 Sierra Leone 5.16 LCU per international $ compare
- 107 Botswana 5.07 LCU per international $ compare
- 108 Eritrea 4.94 LCU per international $ compare
- 109 Ghana 4.75 LCU per international $ 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 ppp conversion factor, gdp in Greenland?
- Ppp conversion factor, gdp in Greenland was 5.11 LCU per international $ in 2023, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest ppp conversion factor, gdp recorded in Greenland?
- The highest recorded value was 5.59 LCU per international $ in 2017.
- What is the lowest ppp conversion factor, gdp recorded in Greenland?
- The lowest recorded value was 4.69 LCU per international $ in 2008.
- How does Greenland rank for ppp conversion factor, gdp?
- Greenland ranks 106th out of 204 countries with data for 2023.
- Is ppp conversion factor, gdp rising or falling in Greenland?
- Over the last ten years it is up 1.2%. The long-run trend across the full record is flat.
- Where does this Greenland data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of PPP conversion factor, GDP (LCU per international $). Statizoid updates them automatically from the source API.
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About this data
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for the level of GDP and the base currency is the US dollar.