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GDP deflator — all countries

GDP deflator — Greenland

GDP deflator in Greenland in 2023 — 1.86%. Ranked 44 in the world out of 204. Since 1971, the indicator has fallen by 9.58 pp.

2023 1.86% −3.74 pp vs 2022
World rank 44of 204
Period maximum 16.43%1975
Period minimum -3.23%2005

Trend over time

1971–2023 · % per year

GDP deflator — Greenland, 1971–2023-50510152019711977198319891995200120072013201920231971: 11.45%1972: 5.7%1973: 7.66%1974: 15.55%1975: 16.43%1976: 13.19%1977: 6.98%1978: 9.28%1979: 7.5%1980: 11.56%1981: 14.93%1982: 13.02%1983: 9.72%1984: 8.87%1985: 7.42%1986: 4.13%1987: 4.62%1988: 6.35%1989: 5.35%1990: 5.09%1991: 3.23%1992: 1.55%1993: 1.04%1994: 0.47%1995: 2.06%1996: 0.98%1997: 0.5%1998: 0.98%1999: 1.06%2000: 2.11%2001: 3.4%2002: 3.1%2003: 6.53%2004: -0.54%2005: -3.23%2006: 2.24%2007: -0.05%2008: -2.01%2009: 5.54%2010: 2.03%2011: 2.88%2012: 3.45%2013: 1.07%2014: 0.99%2015: 8.14%2016: 3.54%2017: 3.27%2018: 1.85%2019: 0.74%2020: 0.86%2021: 0.8%2022: 5.61%2023: 1.86%
Change over the period: −9.58 pp Annual average: -0.18 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Greenland

Greenland 1.86%
World 4.99%
Europe & Central Asia 6.5%
Northern Europe computed 3.96%
High-income countries computed 4.22%
GDP deflator — Greenland, by year Greenland All countries CSV XLSX
Year % Change, pp
2023 1.86 −3.74 pp
2022 5.61 +4.81 pp
2021 0.8 −0.06 pp
2020 0.86 +0.11 pp
2019 0.74 −1.1 pp
2018 1.85 −1.42 pp
2017 3.27 −0.27 pp
2016 3.54 −4.61 pp
2015 8.14 +7.15 pp
2014 0.99 −0.08 pp
2013 1.07 −2.38 pp
2012 3.45 +0.56 pp
2011 2.88 +0.86 pp
2010 2.03 −3.51 pp
2009 5.54 +7.55 pp
2008 -2.01 −1.97 pp
2007 -0.05 −2.29 pp
2006 2.24 +5.47 pp
2005 -3.23 −2.69 pp
2004 -0.54 −7.07 pp
2003 6.53 +3.43 pp
2002 3.1 −0.3 pp
2001 3.4 +1.29 pp
2000 2.11 +1.05 pp
1999 1.06 +0.08 pp
1998 0.98 +0.48 pp
1997 0.5 −0.48 pp
1996 0.98 −1.08 pp
1995 2.06 +1.59 pp
1994 0.47 −0.57 pp
1993 1.04 −0.5 pp
1992 1.55 −1.68 pp
1991 3.23 −1.87 pp
1990 5.09 −0.26 pp
1989 5.35 −1 pp
1988 6.35 +1.73 pp
1987 4.62 +0.49 pp
1986 4.13 −3.29 pp
1985 7.42 −1.45 pp
1984 8.87 −0.85 pp
1983 9.72 −3.3 pp
1982 13.02 −1.91 pp
1981 14.93 +3.37 pp
1980 11.56 +4.06 pp
1979 7.5 −1.77 pp
1978 9.28 +2.3 pp
1977 6.98 −6.21 pp
1976 13.19 −3.23 pp
1975 16.43 +0.87 pp
1974 15.55 +7.89 pp
1973 7.66 +1.96 pp
1972 5.7 −5.75 pp
1971 11.45 —

Northern Europe, 2023

The same indicator for neighboring countries — with links to their pages

NO Norway -10.93 DK Denmark -2.12 GL Greenland 1.86 FO Faroe Islands 2.94 IM Isle of Man 3.2 IE Ireland 3.39 FI Finland 3.92 IS Iceland 5.49 JE Channel Islands 5.75 SE Sweden 5.83 GB United Kingdom 6.34 EE Estonia 8.64 LT Lithuania 9.97 LV Latvia 10.67
Full table for all countries

About the indicator

The annual change in the GDP deflator — the ratio of GDP in current prices to GDP in constant prices. Unlike the consumer price index it covers the prices of all final goods and services, including investment and export goods, but not imported ones. For commodity exporters the GDP deflator can diverge sharply from consumer inflation, following world prices.

Source: World Development Indicators (World Bank), license CC BY 4.0.

Other indicators for Greenland

Economy GDP growth

The annual growth rate of GDP in constant prices — with inflation stripped out.

Greenland by year Economy GDP

Gross domestic product in current US dollars — the size of a country's economy.

Greenland by year Economy GDP per capita

GDP divided by the population, in current US dollars.

Greenland by year Economy GDP at purchasing power parity

The size of the economy in international dollars — adjusted for price differences between countries.

Greenland by year Economy GDP per capita at PPP

The soundest measure of living standards: income per person adjusted for prices.

Greenland by year
All indicators for Greenland