Contact Contacts
PPP conversion factor — all countries

PPP conversion factor — Greenland

PPP conversion factor in Greenland in 2023 — 5.108 per int$. Ranked 100 in the world out of 197. Since 1990, the indicator has fallen by 7.8%.

2023 5.108 per int$ −1.77% vs 2022
World rank 100of 197
Period maximum 5.586 per int$2017
Period minimum 4.692 per int$2008

Trend over time

1990–2023 · local units per international $

PPP conversion factor — Greenland, 1990–20234.54.7555.255.55.751990199419982002200620102014201820221990: 5.54 per int$1991: 5.532 per int$1992: 5.492 per int$1993: 5.421 per int$1994: 5.332 per int$1995: 5.33 per int$1996: 5.286 per int$1997: 5.222 per int$1998: 5.214 per int$1999: 5.196 per int$2000: 5.188 per int$2001: 5.247 per int$2002: 5.327 per int$2003: 5.565 per int$2004: 5.39 per int$2005: 5.057 per int$2006: 5.016 per int$2007: 4.881 per int$2008: 4.692 per int$2009: 4.922 per int$2010: 4.961 per int$2011: 5.001 per int$2012: 5.079 per int$2013: 5.047 per int$2014: 5.01 per int$2015: 5.368 per int$2016: 5.506 per int$2017: 5.586 per int$2018: 5.573 per int$2019: 5.533 per int$2020: 5.517 per int$2021: 5.274 per int$2022: 5.2 per int$2023: 5.108 per int$
Change over the period: −0.432 (−7.8%) Average annual rate: -0.25 %
PPP conversion factor — Greenland, by year Greenland All countries CSV XLSX
Year per int$ Change Change, %
2023 5.108 −0.092 −1.77%
2022 5.2 −0.074 −1.41%
2021 5.274 −0.243 −4.4%
2020 5.517 −0.016 −0.28%
2019 5.533 −0.04 −0.72%
2018 5.573 −0.013 −0.23%
2017 5.586 +0.08 +1.45%
2016 5.506 +0.138 +2.56%
2015 5.368 +0.358 +7.15%
2014 5.01 −0.037 −0.74%
2013 5.047 −0.032 −0.62%
2012 5.079 +0.078 +1.55%
2011 5.001 +0.04 +0.8%
2010 4.961 +0.04 +0.8%
2009 4.922 +0.23 +4.89%
2008 4.692 −0.189 −3.87%
2007 4.881 −0.135 −2.68%
2006 5.016 −0.041 −0.82%
2005 5.057 −0.333 −6.17%
2004 5.39 −0.175 −3.14%
2003 5.565 +0.238 +4.47%
2002 5.327 +0.08 +1.53%
2001 5.247 +0.058 +1.13%
2000 5.188 −0.008 −0.15%
1999 5.196 −0.018 −0.35%
1998 5.214 −0.008 −0.14%
1997 5.222 −0.064 −1.21%
1996 5.286 −0.045 −0.84%
1995 5.33 −0.002 −0.04%
1994 5.332 −0.088 −1.63%
1993 5.421 −0.071 −1.3%
1992 5.492 −0.04 −0.72%
1991 5.532 −0.008 −0.15%
1990 5.54 — —

Northern Europe, 2023

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

IS Iceland 137.85 NO Norway 8.918 SE Sweden 8.517 FO Faroe Islands 6.26 DK Denmark 6.055 GL Greenland 5.108 FI Finland 0.77 IE Ireland 0.74 GB United Kingdom 0.661 EE Estonia 0.573 LV Latvia 0.491 LT Lithuania 0.491
Full table for all countries

About the indicator

The number of units of national currency that buys the same set of goods and services inside the country as one dollar buys in the United States. Set against the market exchange rate it gives a measure of how far a currency is undervalued or overvalued: if the PPP factor is half the exchange rate, domestic prices are half the American ones, and any income in that country is worth twice what conversion at the exchange rate shows.

Important: There are no aggregates for country groups: the quantity is expressed in different currencies, and averaging it across countries is meaningless. Its ratio to the market exchange rate is the very adjustment from which all PPP indicators follow.

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

Other indicators for Greenland

Finance Exchange rate to the US dollar

The average annual official exchange rate of the national currency per one US dollar.

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 GNI at purchasing power parity

The income of a country's residents converted by purchasing power rather than by the exchange rate.

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