Household consumption (% of GDP) in Greenland in 2023 — 32.6%. Ranked 168 in the world out of 172. Since 2003, the indicator has fallen by 12.1 pp.
2003–2023 · % of GDP
How the value compares with the world and the groups this territory belongs to: Greenland
| Year | % | Change, pp |
|---|---|---|
| 2023 | 32.6 | −0.1 pp |
| 2022 | 32.7 | −1.5 pp |
| 2021 | 34.2 | +0.1 pp |
| 2020 | 34.1 | −0.9 pp |
| 2019 | 35 | −0.9 pp |
| 2018 | 36 | −0.8 pp |
| 2017 | 36.8 | −0.7 pp |
| 2016 | 37.5 | −2.2 pp |
| 2015 | 39.7 | −2 pp |
| 2014 | 41.7 | −0.9 pp |
| 2013 | 42.6 | +0.1 pp |
| 2012 | 42.5 | −1.3 pp |
| 2011 | 43.9 | +0.7 pp |
| 2010 | 43.2 | −0.3 pp |
| 2009 | 43.5 | −1.6 pp |
| 2008 | 45.1 | −0.8 pp |
| 2007 | 46 | +0.4 pp |
| 2006 | 45.6 | −2 pp |
| 2005 | 47.6 | +0.6 pp |
| 2004 | 47 | +2.3 pp |
| 2003 | 44.7 | — |
The same indicator for neighboring countries — with links to their pages
Household final consumption expenditure as a percent of GDP — the market value of all goods and services bought by the population, including the imputed rent of owner-occupied housing. A low consumption share alongside a high share of capital formation is typical of investment- and export-driven economies; a high one, of countries short of savings.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much money the residents of a country spend in a year on goods and services for themselves.
Economy Gross capital formation (% of GDP)Investment in fixed assets and inventories as a percent of GDP — the base of future growth.
Economy Government consumption (% of GDP)The share of GDP taken by government final consumption spending.
Economy GDPGross domestic product in current US dollars — the size of a country's economy.
Economy GDP per capitaGDP divided by the population, in current US dollars.
Economy GDP growthThe annual growth rate of GDP in constant prices — with inflation stripped out.
