Home / GDP growth / Greenland
Greenland — GDP growth
GDP Growth (Annual %) for Greenland, 1971–2023.
Latest value · 2023
0.87%
GDP Growth (Annual %) · annual % · -93.4% since 1971
GDP growth for Greenland was 0.87% in 2023, according to the latest World Bank data. The series covers 53 years, from 1971 to 2023. The highest recorded value was 13.06% in 1971. The lowest was -11.72% in 1990 (about -13.5× the latest value). Across that span the compound annual growth rate works out to -5.08% per year.
Greenland ranks 177 of 212 economies on this measure (1 = highest), putting it in the top 83%. The median for Europe & Central Asia is 2.03%, so Greenland sits below it. It peaked in 1971 and has fallen 93% since. Over the last decade (2013–2023) the figure moved up 167%.
Key figures
Latest (2023)
0.87%
First (1971)
13.06%
Change
-93.4%
Highest
13.06%
in 1971
Lowest
-11.72%
in 1990
Average
2.73%
Annual growth (CAGR)
-5.08%
Years of data
53
Recent years
| Year | annual % |
|---|---|
| 2023 | 0.87% |
| 2022 | 2% |
| 2021 | 1.63% |
| 2020 | 0.25% |
| 2019 | 2.83% |
| 2018 | 0.62% |
| 2017 | 0.05% |
| 2016 | 4.68% |
| 2015 | -2.53% |
| 2014 | 4.74% |
| 2013 | -1.3% |
| 2012 | 1.39% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.