Greenland: Changes in inventories (current US$)

Key figures

What the numbers say

In 2023, Greenland's changes in inventories (current US$) rose US$1.01 million on 2022 (from US$42.54 million to US$43.54 million).

Across the 17 yearly changes before that (2006 to 2022), the average change was +US$2.3 million and a typical year strayed about US$19.92 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 US$34.68 million in 2017 and the biggest yearly fall was US$27.38 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 US$6.02 million a year. A straight line explains 67% 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

• Togo — 1st of 4: US$136.5 million
• Comoros — 3rd of 4: US$17.39 million
• Libya — 4th of 4: US$124.67

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 indicator is expressed in United States dollars.

All 19 values

Changes in inventories (current US$) in nearby economies

• Albania — US$161.21 million (2024)
• Armenia — US$817.37 million (2025)
• Austria — US$767.84 million (2025)
• Azerbaijan — US$1.97 billion (2025)
• Belarus — US$1.91 billion (2025)
• Belgium — US$13.44 billion (2025)
• Bosnia and Herzegovina — US$891.93 million (2024)
• Bulgaria — US$2.07 billion (2025)
• Croatia — −US$1.21 billion (2025)
• Cyprus — −US$319.45 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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Greenland's changes in inventories (current US$)?

US$43.54 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 1,180% from US$3.4 million in 2005 (15.22% a year on average, compounded). The highest value was US$43.54 million in 2023 and the lowest −US$23.06 million in 2011.

Is the latest change in changes in inventories (current US$) unusual for Greenland?

In 2023, Greenland's changes in inventories (current US$) rose US$1.01 million on 2022 (from US$42.54 million to US$43.54 million). Across the 17 yearly changes before that (2006 to 2022), the average change was +US$2.3 million and a typical year strayed about US$19.92 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.

Source

World Bank, World Development Indicators, indicator NE.GDI.STKB.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.