Greenland — GDP growth
GDP Growth (Annual %) for Greenland, 1971–2023.
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%. Within Europe & Central Asia it ranks 43 of 57 economies; Faroe Islands (0.84%) is just below it. Its sharpest one-year move was down 4405% in 1992. That is 31% below this series' own ten-year average.
Data highlights
World ranking. Slipped: 11th of 142 in 1971 → 25th of 152 in 1980 → 173rd of 176 in 1990 → 33rd of 199 in 2000 → 151st of 209 in 2010 → 39th of 209 in 2020 → 159th of 204 in 2023.
Key figures
Full history — 1971 to 2023
| Year | annual % | Change |
|---|---|---|
| 2023 | 0.87% | -1.1 pp |
| 2022 | 2% | +0.4 pp |
| 2021 | 1.63% | +1.4 pp |
| 2020 | 0.25% | -2.6 pp |
| 2019 | 2.83% | +2.2 pp |
| 2018 | 0.62% | +0.6 pp |
| 2017 | 0.05% | -4.6 pp |
| 2016 | 4.68% | +7.2 pp |
| 2015 | -2.53% | -7.3 pp |
| 2014 | 4.74% | +6.0 pp |
| 2013 | -1.3% | -2.7 pp |
| 2012 | 1.39% | +1.9 pp |
| 2011 | -0.5% | -2.2 pp |
| 2010 | 1.74% | +0.9 pp |
| 2009 | 0.87% | -5.3 pp |
| 2008 | 6.17% | +3.8 pp |
| 2007 | 2.35% | -3.2 pp |
| 2006 | 5.56% | +0.6 pp |
| 2005 | 4.99% | -1.9 pp |
| 2004 | 6.91% | +2.5 pp |
| 2003 | 4.43% | +5.4 pp |
| 2002 | -0.97% | -2.2 pp |
| 2001 | 1.27% | -5.8 pp |
| 2000 | 7.1% | +5.7 pp |
| 1999 | 1.38% | -6.4 pp |
| 1998 | 7.76% | +6.3 pp |
| 1997 | 1.47% | -0.1 pp |
| 1996 | 1.53% | -2.2 pp |
| 1995 | 3.73% | -2.2 pp |
| 1994 | 5.92% | +11.0 pp |
| 1993 | -5.03% | +0.1 pp |
| 1992 | -5.11% | -5.0 pp |
| 1991 | -0.11% | +11.6 pp |
| 1990 | -11.72% | -18.4 pp |
| 1989 | 6.66% | +1.1 pp |
| 1988 | 5.6% | +0.1 pp |
| 1987 | 5.52% | -1.6 pp |
| 1986 | 7.1% | +3.4 pp |
| 1985 | 3.66% | +8.8 pp |
| 1984 | -5.18% | -8.6 pp |
| 1983 | 3.46% | +7.9 pp |
| 1982 | -4.42% | -5.1 pp |
| 1981 | 0.67% | -8.0 pp |
| 1980 | 8.68% | +3.8 pp |
| 1979 | 4.86% | -1.2 pp |
| 1978 | 6.02% | -2.8 pp |
| 1977 | 8.82% | +2.9 pp |
| 1976 | 5.96% | +5.3 pp |
| 1975 | 0.65% | -5.1 pp |
| 1974 | 5.71% | -1.1 pp |
| 1973 | 6.81% | +0.6 pp |
| 1972 | 6.18% | -6.9 pp |
| 1971 | 13.06% | — |
Frequently asked questions
What was Greenland’s GDP growth in 1972?
6.18% (1972). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Greenland’s GDP growth growing or shrinking?
Between 1971 and 2023 the series was shrinking overall: -93.4% in total — about 5.1% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2023: 0.87%; 2022: 2%; 2021: 1.63%; 2020: 0.25%; 2019: 2.83%. Earlier years are in the full-history table below.
Related data
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.