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Greenland Trade (% GDP)

Greenland's trade (% GDP) fell to 91.89% in 2023, down from 93.37% in 2022, according to World Bank. This represents a decrease of 1.48% from the previous year. Greenland has trade (% GDP) higher than the global median (91.89% vs median 84.49%). Compared with the median in Americas, Greenland is higher (91.89% vs regional median 78.04%) and ranks 10th out of 32 countries in Americas.

Yearly Historical Data (2003-2023)

(in %)
Year Trade (% GDP)
2023 91.89%
2022 93.37%
2021 83.68%
2020 82.66%
2019 92.19%
2018 89.78%
2017 84.21%
2016 85.84%
2015 83.1%
2014 87.09%
2013 95.91%
2012 100.98%
2011 130.55%
2010 110.47%
2009 85.76%
2008 107.37%
2007 94.97%
2006 89.69%
2005 99.71%
2004 88.15%
2003 87.3%
Greenland Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Greenland divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $640.9M $595.84M 2018
Annual Imports $829.15M $760.31M 2018
Exports (% GDP) 40.8% 40.79% 2023
Imports (% GDP) 51.09% 52.58% 2023