Greenland: Export volume index (2015 = 100)

Key figures

What the numbers say

In 2024, Greenland's export volume index (2015 = 100) fell 25.2 on 2023 (from 203.5 to 178.3).

Across the 18 yearly changes before that (2006 to 2023), the average change was +2.24 and a typical year strayed about 20.25 from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 45.4 in 2016 and the biggest yearly fall was 26.4 in 2007. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 8.19 a year. A straight line explains 57% 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.

How it compares

In 2024, Greenland had the 29th highest value of the 203 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Greenland in the 2024 ranking

• Kyrgyz Republic — 26th of 203: 183.9
• Kiribati — 27th of 203: 182.2
• Jordan — 28th of 203: 179.4
• Senegal — 30th of 203: 171.8
• Somalia, Fed. Rep. — 31st of 203: 169
• Albania — 32nd of 203: 166.9

What this measures

Export volume indexes are derived from UNCTAD's volume index series and are the ratio of the export value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.

All 20 values

Export volume index (2015 = 100) in nearby economies

• Albania — 166.9 (2024)
• Andorra — 249.3 (2024)
• Armenia — 574.4 (2024)
• Austria — 93.6 (2024)
• Azerbaijan — 118.8 (2024)
• Belarus — 115.6 (2024)
• Belgium — 94.8 (2024)
• Bosnia and Herzegovina — 128.8 (2024)
• Bulgaria — 123.1 (2024)
• Croatia — 147 (2024)
• Cyprus — 97.6 (2024)

More trade data for Greenland

• Import volume index (2015 = 100) — 123.5 (2024)
• Import value index (2015 = 100) — 154 (2024)
• Net barter terms of trade index (2015 = 100) — 86.7 (2024)
• Export value index (2015 = 100) — 192.8 (2024)

Every indicator for Greenland is on the Greenland data page.

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Greenland's export volume index (2015 = 100)?

178.3 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 9.32% from 163.1 in 2005 (0.47% a year on average, compounded). The highest value was 203.5 in 2023 and the lowest 100 in 2015.

How does Greenland rank?

29th highest of 203 economies with data for 2024.

Is the latest change in export volume index (2015 = 100) unusual for Greenland?

In 2024, Greenland's export volume index (2015 = 100) fell 25.2 on 2023 (from 203.5 to 178.3). Across the 18 yearly changes before that (2006 to 2023), the average change was +2.24 and a typical year strayed about 20.25 from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator TX.QTY.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) 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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