Services, value added in Greenland
Greenland: Services, value added was 13.98 billion current LCU in 2023. ▲ Rising
Services, value added in Greenland, 2003–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for services, value added in Greenland is 13.98 billion current LCU, measured in 2023. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 3.5% on the previous year and up 45.1% over ten years.
Over the whole period, services, value added in Greenland peaked at 13.98 billion current LCU in 2023 and was at its lowest, 6.70 billion current LCU, in 2003.
That places Greenland 168th out of 205 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 | 7.68 billion current LCU | 6.70 billion current LCU | 9.13 billion current LCU | 7 |
| 2010s | 10.42 billion current LCU | 9.24 billion current LCU | 12.10 billion current LCU | 10 |
| 2020s | 13.11 billion current LCU | 12.11 billion current LCU | 13.98 billion current LCU | 4 |
Countries ranked near Greenland
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 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 services, value added in Greenland?
- Services, value added in Greenland was 13.98 billion current LCU 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 13.98 billion current LCU in 2023.
- What is the lowest services, value added recorded in Greenland?
- The lowest recorded value was 6.70 billion current LCU in 2003.
- How does Greenland rank for services, value added?
- Greenland ranks 168th out of 205 countries with data for 2023.
- Is services, value added rising or falling in Greenland?
- Over the last ten years it is up 45.1%. 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 (current LCU). 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
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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.