Trade openness in Greenland in 2023 — 91.89%. Ranked 78 in the world out of 176. Since 2003, the indicator has risen by 4.59 pp.
2003–2023 · % of GDP
How the value compares with the world and the groups this territory belongs to: Greenland
| Year | % | Change, pp |
|---|---|---|
| 2023 | 91.89 | −1.48 pp |
| 2022 | 93.37 | +9.68 pp |
| 2021 | 83.68 | +1.02 pp |
| 2020 | 82.66 | −9.53 pp |
| 2019 | 92.19 | +2.41 pp |
| 2018 | 89.78 | +5.57 pp |
| 2017 | 84.21 | −1.63 pp |
| 2016 | 85.84 | +2.74 pp |
| 2015 | 83.1 | −3.99 pp |
| 2014 | 87.09 | −8.82 pp |
| 2013 | 95.91 | −5.07 pp |
| 2012 | 100.98 | −29.57 pp |
| 2011 | 130.55 | +20.08 pp |
| 2010 | 110.47 | +24.72 pp |
| 2009 | 85.76 | −21.62 pp |
| 2008 | 107.37 | +12.41 pp |
| 2007 | 94.97 | +5.27 pp |
| 2006 | 89.69 | −10.01 pp |
| 2005 | 99.71 | +11.56 pp |
| 2004 | 88.15 | +0.86 pp |
| 2003 | 87.3 | — |
The same indicator for neighboring countries — with links to their pages
The sum of exports and imports of goods and services as a percent of GDP — the standard indicator of the trade openness of an economy. Values above 100% are not an anomaly: they mean that trade turnover exceeds annual GDP, which is typical of trading hubs and of small economies built into supply chains.
Source: World Development Indicators (World Bank), license CC BY 4.0.
Merchandise exports plus imports as a percent of GDP — without services.
Trade Exports (% of GDP)How far the economy is oriented toward external markets.
Trade Imports (% of GDP)How far the economy depends on supplies from abroad.
Trade Trade balanceThe difference between exports and imports of goods and services. A minus means imports are larger.
