GDP growth — all countries

GDP growth — Greenland

GDP growth in Greenland in 2023 — 0.87%. Ranked 159 in the world out of 204. Since 1971, the indicator has fallen by 12.19 pp.

2023 0.87% −1.14 pp vs 2022
World rank 159of 204
Period maximum 13.06%1971
Period minimum -11.72%1990

Trend over time

1971–2023 · % per year

GDP growth — Greenland, 1971–2023-20-100102019711977198319891995200120072013201920231971: 13.06%1972: 6.18%1973: 6.81%1974: 5.71%1975: 0.65%1976: 5.96%1977: 8.82%1978: 6.02%1979: 4.86%1980: 8.68%1981: 0.67%1982: -4.42%1983: 3.46%1984: -5.18%1985: 3.66%1986: 7.1%1987: 5.52%1988: 5.6%1989: 6.66%1990: -11.72%1991: -0.11%1992: -5.11%1993: -5.03%1994: 5.92%1995: 3.73%1996: 1.53%1997: 1.47%1998: 7.76%1999: 1.38%2000: 7.1%2001: 1.27%2002: -0.97%2003: 4.43%2004: 6.91%2005: 4.99%2006: 5.56%2007: 2.35%2008: 6.17%2009: 0.87%2010: 1.74%2011: -0.5%2012: 1.39%2013: -1.3%2014: 4.74%2015: -2.53%2016: 4.68%2017: 0.05%2018: 0.62%2019: 2.83%2020: 0.25%2021: 1.63%2022: 2%2023: 0.87%
Change over the period: −12.19 pp Annual average: -0.23 pp

Comparison, 2023

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

Greenland 0.87%
World 2.86%
Northern Europe computed -0.08%
High-income countries computed 1.89%
GDP growth — Greenland, by year Greenland All countries CSV XLSX
Year % Change, pp
2023 0.87 −1.14 pp
2022 2 +0.37 pp
2021 1.63 +1.38 pp
2020 0.25 −2.58 pp
2019 2.83 +2.21 pp
2018 0.62 +0.57 pp
2017 0.05 −4.63 pp
2016 4.68 +7.21 pp
2015 -2.53 −7.27 pp
2014 4.74 +6.04 pp
2013 -1.3 −2.69 pp
2012 1.39 +1.89 pp
2011 -0.5 −2.23 pp
2010 1.74 +0.87 pp
2009 0.87 −5.3 pp
2008 6.17 +3.81 pp
2007 2.35 −3.2 pp
2006 5.56 +0.57 pp
2005 4.99 −1.92 pp
2004 6.91 +2.48 pp
2003 4.43 +5.4 pp
2002 -0.97 −2.24 pp
2001 1.27 −5.83 pp
2000 7.1 +5.72 pp
1999 1.38 −6.38 pp
1998 7.76 +6.29 pp
1997 1.47 −0.06 pp
1996 1.53 −2.2 pp
1995 3.73 −2.2 pp
1994 5.92 +10.95 pp
1993 -5.03 +0.08 pp
1992 -5.11 −5 pp
1991 -0.11 +11.61 pp
1990 -11.72 −18.38 pp
1989 6.66 +1.06 pp
1988 5.6 +0.09 pp
1987 5.52 −1.58 pp
1986 7.1 +3.44 pp
1985 3.66 +8.84 pp
1984 -5.18 −8.64 pp
1983 3.46 +7.88 pp
1982 -4.42 −5.08 pp
1981 0.67 −8.01 pp
1980 8.68 +3.82 pp
1979 4.86 −1.16 pp
1978 6.02 −2.81 pp
1977 8.82 +2.86 pp
1976 5.96 +5.31 pp
1975 0.65 −5.06 pp
1974 5.71 −1.1 pp
1973 6.81 +0.63 pp
1972 6.18 −6.88 pp
1971 13.06

About the indicator

The annual growth rate of gross domestic product in constant local currency prices. Because the calculation runs in constant prices, the indicator is clear of inflation and of exchange rate swings, so it shows the real movement of the economy. Two consecutive quarters of negative values are conventionally called a technical recession, but the data here are annual.

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