Services, value added in Greenland
Greenland: Services, value added was 1.75 billion constant 2015 US$ in 2023. ▲ Rising
Services, value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2023, services, value added in Greenland stood at 1.75 billion constant 2015 US$. That is the highest value across all 21 years on record.
That represents a change of up 2.2% on the previous year and up 12.4% over ten years.
Over the whole period, services, value added in Greenland peaked at 1.75 billion constant 2015 US$ in 2023 and was at its lowest, 1.26 billion constant 2015 US$, in 2003.
That places Greenland 168th out of 195 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.41 billion constant 2015 US$ | 1.26 billion constant 2015 US$ | 1.57 billion constant 2015 US$ | 7 |
| 2010s | 1.59 billion constant 2015 US$ | 1.56 billion constant 2015 US$ | 1.68 billion constant 2015 US$ | 10 |
| 2020s | 1.69 billion constant 2015 US$ | 1.63 billion constant 2015 US$ | 1.75 billion constant 2015 US$ | 4 |
Countries ranked near Greenland
- 165 Burundi 1.93 billion constant 2015 US$ compare
- 166 Turks and Caicos Islands 1.91 billion constant 2015 US$ compare
- 167 Bhutan 1.90 billion constant 2015 US$ compare
- 169 Cape Verde 1.70 billion constant 2015 US$ compare
- 170 Belize 1.70 billion constant 2015 US$ compare
- 171 Saint Lucia 1.56 billion constant 2015 US$ compare
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)
- 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 1.75 billion constant 2015 US$ 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 1.75 billion constant 2015 US$ in 2023.
- What is the lowest services, value added recorded in Greenland?
- The lowest recorded value was 1.26 billion constant 2015 US$ in 2003.
- How does Greenland rank for services, value added?
- Greenland ranks 168th out of 195 countries with data for 2023.
- Is services, value added rising or falling in Greenland?
- Over the last ten years it is up 12.4%. 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 Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 21 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 defense, 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.