Greenland: GDP, PPP (current international $)

Key figures

What the numbers say

In 2023, Greenland's GDP, PPP (current international $) rose 4.6% on 2022 (from 4.29 billion to 4.49 billion).

Across the 30 yearly changes before that (1993 to 2022), the average change was +4.6% and a typical year strayed about 3.5% from that (the standard deviation). This year's change was 0.0 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 9.8% in 2004 and the biggest yearly fall was 2.9% in 1992. 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 145.11 million a year. A straight line explains 91% 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 4.64 billion 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 415.55 million, against 570.46 million 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.

How it compares

See how every economy compares in the full ranking.

Closest to Greenland in the 2023 ranking

• San Marino — 2nd of 2: 2.67 billion

What this measures

This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator.

All 34 values

GDP, PPP (current international $) in nearby economies

• Albania — 66.31 billion (2025)
• Andorra — 6.6 billion (2025)
• Armenia — 76.41 billion (2025)
• Austria — 706.98 billion (2025)
• Azerbaijan — 267.58 billion (2025)
• Belarus — 315.43 billion (2025)
• Belgium — 891.76 billion (2025)
• Bosnia and Herzegovina — 81.06 billion (2025)
• Bulgaria — 285.97 billion (2025)
• Croatia — 197.48 billion (2025)
• Cyprus

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
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Greenland's GDP, PPP (current international $)?

4.49 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 294.19% from 1.14 billion in 1990 (4.24% a year on average, compounded). The highest value was 4.49 billion in 2023 and the lowest 1.11 billion in 1993.

Source

World Bank, World Development Indicators, indicator NY.GDP.MKTP.PP.CD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… 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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