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Greenland Real GDP

Greenland's real GDP rose to $2.84 billion in 2023, up from $2.81 billion in 2022, according to World Bank. This represents an increase of 0.9% ($24.38 million) from the previous year. Greenland has real GDP lower than the global median ($2.84 billion vs median $29.34 billion). Compared with the median in Americas, Greenland is lower ($2.84 billion vs regional median $22.14 billion) and ranks 33rd out of 43 countries in Americas.

Greenland's GDP per capita rose to $49,929.78 in 2023, up from $49,679.34 in 2022.

Yearly Historical Data (1970-2023)

(in Billion USD)
Year Real GDP (Billion USD)
2023 2.84
2022 2.81
2021 2.76
2020 2.72
2019 2.71
2018 2.63
2017 2.62
2016 2.62
2015 2.5
2014 2.56
2013 2.45
2012 2.48
2011 2.45
2010 2.46
2009 2.42
2008 2.4
2007 2.26
2006 2.2
2005 2.09
2004 1.99
2003 1.86
2002 1.78
2001 1.8
2000 1.78
1999 1.66
1998 1.64
1997 1.52
1996 1.5
1995 1.47
1994 1.42
1993 1.34
1992 1.41
1991 1.49
1990 1.49
1989 1.69
1988 1.58
1987 1.5
1986 1.42
1985 1.33
1984 1.28
1983 1.35
1982 1.3
1981 1.36
1980 1.36
1979 1.25
1978 1.19
1977 1.12
1976 1.03
1975 0.97
1974 0.97
1973 0.91
1972 0.86
1971 0.81
1970 0.71
Greenland Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Greenland, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $3.33B $3.15B 2023
GDP Annual Growth Rate 0.87% 2% 2023
GDP per Capita $49,929.78 $49,679.34 2023
GDP per Capita PPP $71,037.54 $70,681.23 2023