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Greenland GDP Annual Growth Rate

Greenland's GDP annual growth rate fell to 0.87% in 2023, down from 2% in 2022, according to World Bank. This represents a decrease of 1.13% from the previous year. Greenland has GDP annual growth rate lower than the global median (0.87% vs median 3.24%). Compared with the median in Americas, Greenland is lower (0.87% vs regional median 3.27%) and ranks 38th out of 44 countries in Americas.

Greenland's real GDP rose to $2.84 billion in 2023, up from $2.81 billion in 2022.

Yearly Historical Data (1971-2023)

(in %)
Year GDP Annual Growth Rate (%)
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%
2011 -0.5%
2010 1.74%
2009 0.87%
2008 6.17%
2007 2.35%
2006 5.56%
2005 4.99%
2004 6.91%
2003 4.43%
2002 -0.97%
2001 1.27%
2000 7.1%
1999 1.38%
1998 7.76%
1997 1.47%
1996 1.53%
1995 3.73%
1994 5.92%
1993 -5.03%
1992 -5.11%
1991 -0.11%
1990 -11.72%
1989 6.66%
1988 5.6%
1987 5.52%
1986 7.1%
1985 3.66%
1984 -5.18%
1983 3.46%
1982 -4.42%
1981 0.67%
1980 8.68%
1979 4.86%
1978 6.02%
1977 8.82%
1976 5.96%
1975 0.65%
1974 5.71%
1973 6.81%
1972 6.18%
1971 13.06%
Greenland GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Greenland's total economic output.
Indicator Last Value Prior Value Period
GDP $3.33B $3.15B 2023
GDP per Capita $49,929.78 $49,679.34 2023
GDP per Capita PPP $71,037.54 $70,681.23 2023
Real GDP $2.84B $2.81B 2023