Greenland: Gross domestic savings (% of GDP)

Key figures

What the numbers say

In 2023, Greenland's gross domestic savings (% of GDP) fell 0.35 percentage points on 2022 (from 26.06% to 25.7%).

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 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 4.52 percentage points in 2022 and the biggest yearly fall was 2.13 percentage points in 2013. 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 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 30.91% 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.

How it compares

See how every economy compares in the full ranking.

Closest to Greenland in the 2023 ranking

• United Arab Emirates — 1st of 3: 42.91%
• Togo — 3rd of 3: 11.62%

What this measures

Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 21 values

Gross domestic savings (% of GDP) in nearby economies

• Albania — 17.96% (2025)
• Armenia — 18.7% (2025)
• Austria — 26.25% (2025)
• Azerbaijan — 25.1% (2025)
• Belarus — 25.52% (2025)
• Belgium — 23.73% (2025)
• Bosnia and Herzegovina — 10.33% (2025)
• Bulgaria — 20.68% (2025)
• Croatia — 19.54% (2025)
• Cyprus — 24.91% (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
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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 gross domestic savings (% of GDP)?

25.7% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2003?

It is up 18.05 percentage points from 7.65% in 2003. The highest value was 26.06% in 2022 and the lowest 6.57% in 2005.

Is the latest change in gross domestic savings (% of GDP) unusual for Greenland?

Source

World Bank, World Development Indicators, indicator NY.GDS.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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