Services value added — all countries

Services value added — Greenland

Services value added in Greenland in 2023 — 2,028,781,212 US$. Ranked 165 in the world out of 195. Since 2003, the indicator has risen by 99.6%.

2023 2.03B US$ +6.31% vs 2022
World rank 165of 195
Period maximum 2.05B US$2021
Period minimum 1.02B US$2003

Trend over time

2003–2023 · US$

Services value added — Greenland, 2003–20231B1.5B2B2.5B200320052007200920112013201520172019202120232003: 1,016,550,154 US$2004: 1,190,374,253 US$2005: 1,178,840,436 US$2006: 1,286,326,814 US$2007: 1,471,792,812 US$2008: 1,588,837,164 US$2009: 1,702,411,196 US$2010: 1,642,581,224 US$2011: 1,730,396,415 US$2012: 1,608,811,154 US$2013: 1,715,787,869 US$2014: 1,806,282,335 US$2015: 1,572,836,842 US$2016: 1,635,971,679 US$2017: 1,726,561,372 US$2018: 1,813,933,667 US$2019: 1,814,393,307 US$2020: 1,851,057,572 US$2021: 2,046,694,564 US$2022: 1,908,395,976 US$2023: 2,028,781,212 US$
Change over the period: +1.01B (+99.58%) Average annual rate: 3.52 %

Comparison, 2023

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

Greenland 2.03B US$
World 67.67T US$
Northern Europe computed 4.05T US$
High-income countries computed 24.91T US$
Services value added — Greenland, by year Greenland All countries CSV XLSX
Year US$ Change Change, %
2023 2.03B +120M +6.31%
2022 1.91B −138M −6.76%
2021 2.05B +196M +10.57%
2020 1.85B +36.66M +2.02%
2019 1.81B +459,640 +0.03%
2018 1.81B +87.37M +5.06%
2017 1.73B +90.59M +5.54%
2016 1.64B +63.13M +4.01%
2015 1.57B −233M −12.92%
2014 1.81B +90.49M +5.27%
2013 1.72B +107M +6.65%
2012 1.61B −122M −7.03%
2011 1.73B +87.82M +5.35%
2010 1.64B −59.83M −3.51%
2009 1.7B +114M +7.15%
2008 1.59B +117M +7.95%
2007 1.47B +185M +14.42%
2006 1.29B +107M +9.12%
2005 1.18B −11.53M −0.97%
2004 1.19B +174M +17.1%
2003 1.02B

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

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