Greenland: Final consumption expenditure (% of GDP)

Key figures

What the numbers say

In 2023, Greenland's final consumption expenditure (% of GDP) rose 0.35 percentage points on 2022 (from 73.94% to 74.3%).

Across the 19 yearly changes before that (2004 to 2022), the average change was −0.97 percentage points and a typical year strayed about 1.94 percentage points from that (the standard deviation). This year's change was 0.7 standard deviations above 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 2.13 percentage points in 2013 and the biggest yearly fall was 4.52 percentage points in 2022. 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 downward, about 1.22 percentage points a year. A straight line explains 83% 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.

A straight-line projection, tested first

Extending that straight line gives about 69.09% for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was 2%, against 2.65% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

Closest to Greenland in the 2023 ranking

• Togo — 1st of 3: 88.38%
• United Arab Emirates — 3rd of 3: 57.09%

What this measures

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

All 21 values

Final consumption expenditure (% of GDP) in nearby economies

• Albania — 82.04% (2025)
• Armenia — 81.3% (2025)
• Austria — 73.75% (2025)
• Azerbaijan — 74.9% (2025)
• Belarus — 74.48% (2025)
• Belgium — 76.27% (2025)
• Bosnia and Herzegovina — 89.67% (2025)
• Bulgaria — 79.32% (2025)
• Croatia — 80.46% (2025)
• Cyprus — 75.09% (2025)

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 final consumption expenditure (% of GDP)?

74.3% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2003?

It is down 18.05 percentage points from 92.35% in 2003. The highest value was 93.43% in 2005 and the lowest 73.94% in 2022.

Is the latest change in final consumption expenditure (% of GDP) unusual for Greenland?

Source

World Bank, World Development Indicators, indicator NE.CON.TOTL.ZS, 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.

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