Greenland's changes in inventories (current LCU) was 300 million in 2023, the latest year in the World Bank's World Development Indicators. That is up 18,850% from -1.6 million in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 300 million | 2023 |
| Five years earlier | 65.4 million | 2018 |
| Ten years earlier | -1.6 million | 2013 |
| Highest | 301 million | 2022 |
| Lowest | -141 million | 2016 |
| Average since 2014 | 62.34 million | 2014–2023 |
| First recorded | 20.4 million |
What the numbers say
In 2023, Greenland's changes in inventories (current LCU) fell 1 million on 2022 (from 301 million to 300 million).
Across the 17 yearly changes before that (2006 to 2022), the average change was +16.51 million and a typical year strayed about 124.06 million from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 251 million in 2022 and the biggest yearly fall was 148.1 million in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 40.1 million a year. A straight line explains 66% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Closest to Greenland in the 2023 ranking
What this measures
Changes in inventories is the value of entries into inventories less the value of withdrawals and less the value of any recurrent losses of goods held in inventories during the accounting period.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 19 values
| Year | Changes in inventories (current LCU) |
|---|---|
| 2023 | 300,000,000 |
| 2022 | 301,000,000 |
| 2021 | 50,000,000 |
| 2020 | -13,800,000 |
| 2019 | 97,200,000 |
| 2018 | 65,400,000 |
| 2017 | 90,700,000 |
| 2016 | -141,000,000 |
| 2015 | 1,000,000 |
| 2014 | -127,100,000 |
| 2013 |
Changes in inventories (current LCU) in nearby economies
- Albania — 15.01 billion (2024)
- Armenia — 316.33 billion (2025)
- Austria — 679.52 million (2025)
- Azerbaijan — 3.35 billion (2025)
- Belarus — 5.85 billion (2025)
- Belgium — 11.89 billion (2025)
- Bosnia and Herzegovina — 1.61 billion (2024)
- Bulgaria — 1.84 billion (2025)
- Croatia — -1.07 billion (2025)
- Cyprus — -282.7 million (2025)
- Czechia
More economic policy & debt data for Greenland
- GDP (current US$) — US$3.33 billion (2023)
- GDP (current LCU) — 22.92 billion (2023)
- GDP (constant 2015 US$) — US$2.84 billion (2023)
- GDP (constant LCU) — 16.26 billion (2023)
- GDP per capita (current US$) — US$58,499 (2023)
- GDP per capita (current LCU) — 403,041 (2023)
- GDP per capita (constant 2015 US$) — US$49,930 (2023)
- GDP per capita (constant LCU) — 285,947 (2023)
- GDP (annual % growth) — 0.87% (2023)
- GDP per capita (annual % growth) — 0.5% (2023)
- Adjusted savings, carbon dioxide damage (current US$)
Reading data like this
Questions people ask
- What is Greenland's changes in inventories (current LCU)?
- 300 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 1,371% from 20.4 million in 2005 (16.11% a year on average, compounded). The highest value was 301 million in 2022 and the lowest -141 million in 2016.
- Is the latest change in changes in inventories (current LCU) unusual for Greenland?
- In 2023, Greenland's changes in inventories (current LCU) fell 1 million on 2022 (from 301 million to 300 million). Across the 17 yearly changes before that (2006 to 2022), the average change was +16.51 million and a typical year strayed about 124.06 million from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator NE.GDI.STKB.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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