Services, value added in Greenland
Greenland: Services, value added was 2.2% in 2023. ◆ Volatile
Services, value added in Greenland, 2004–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Greenland recorded 2.2% for services, value added in 2023.
Compared with earlier readings it is down 5.3% on the previous year and up 922.3% over ten years.
Over the whole period, services, value added in Greenland peaked at 7.1% in 2006 and was at its lowest, -3.3%, in 2020.
That places Greenland 134th out of 197 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 |
|---|---|---|---|---|
| 2000s | 3.8% | 2.2% | 7.1% | 6 |
| 2010s | 0.7% | -0.5% | 2.8% | 10 |
| 2020s | 1.0% | -3.3% | 2.7% | 4 |
Countries ranked near Greenland
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)
- Inflation, GDP deflator 1.9% (2023)
Frequently asked questions
- What is services, value added in Greenland?
- Services, value added in Greenland was 2.2% in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Greenland?
- The highest recorded value was 7.1% in 2006.
- What is the lowest services, value added recorded in Greenland?
- The lowest recorded value was -3.3% in 2020.
- How does Greenland rank for services, value added?
- Greenland ranks 134th out of 197 countries with data for 2023.
- Is services, value added rising or falling in Greenland?
- Over the last ten years it is up 922.3%. 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 Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.