Industry value added — all countries

Industry value added — Greenland

Industry value added in Greenland in 2023 — 613,640,385 US$. Ranked 161 in the world out of 195. Since 2003, the indicator has risen by 169%.

2023 614M US$ −0.23% vs 2022
World rank 161of 195
Period maximum 638M US$2020
Period minimum 228M US$2003

Trend over time

2003–2023 · US$

Industry value added — Greenland, 2003–2023200M400M600M800M200320052007200920112013201520172019202120232003: 228,092,682 US$2004: 286,326,770 US$2005: 300,488,085 US$2006: 336,636,074 US$2007: 377,610,747 US$2008: 455,264,880 US$2009: 454,945,068 US$2010: 452,678,885 US$2011: 484,827,646 US$2012: 493,536,788 US$2013: 486,867,539 US$2014: 446,096,164 US$2015: 426,016,590 US$2016: 478,822,791 US$2017: 485,075,254 US$2018: 556,549,809 US$2019: 513,805,717 US$2020: 638,169,214 US$2021: 625,151,799 US$2022: 615,080,060 US$2023: 613,640,385 US$
Change over the period: +386M (+169.03%) Average annual rate: 5.07 %

Comparison, 2023

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

Greenland 614M US$
World 28.12T US$
Northern Europe computed 1.33T US$
High-income countries computed 9.92T US$
Industry value added — Greenland, by year Greenland All countries CSV XLSX
Year US$ Change Change, %
2023 614M −1.44M −0.23%
2022 615M −10.07M −1.61%
2021 625M −13.02M −2.04%
2020 638M +124M +24.2%
2019 514M −42.74M −7.68%
2018 557M +71.47M +14.73%
2017 485M +6.25M +1.31%
2016 479M +52.81M +12.4%
2015 426M −20.08M −4.5%
2014 446M −40.77M −8.37%
2013 487M −6.67M −1.35%
2012 494M +8.71M +1.8%
2011 485M +32.15M +7.1%
2010 453M −2.27M −0.5%
2009 455M −319,813 −0.07%
2008 455M +77.65M +20.56%
2007 378M +40.97M +12.17%
2006 337M +36.15M +12.03%
2005 300M +14.16M +4.95%
2004 286M +58.23M +25.53%
2003 228M

About the indicator

Industrial value added in current US dollars. In the international classification industry means mining, manufacturing, electricity, water supply and construction — that is, broader than the word usually implies. Value added is output minus intermediate consumption, which is why the output of sectors cannot be summed while value added can: the sum over all sectors is GDP.

Important: It includes construction and mining, so a high share in commodity countries does not come from factories. For factories proper there is a separate indicator, manufacturing.

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