Greenland: Gross national expenditure (constant 2015 US$)

Key figures

What the numbers say

In 2023, Greenland's gross national expenditure (constant 2015 US$) fell 0.3% on 2022 (from US$3.35 billion to US$3.34 billion).

Across the 19 yearly changes before that (2004 to 2022), the average change was +2.8% and a typical year strayed about 7.2% from that (the standard deviation). This year's change was 0.4 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 15.7% in 2010 and the biggest yearly fall was 16% in 2012. 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$90.31 million a year. A straight line explains 92% 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

See how every economy compares in the full ranking.

Closest to Greenland in the 2023 ranking

• United Arab Emirates — 1st of 3: US$443.1 billion
• Togo — 2nd of 3: US$11.34 billion

What this measures

Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 21 values

Gross national expenditure (constant 2015 US$) in nearby economies

• Albania — US$17.49 billion (2024)
• Armenia — US$19.07 billion (2025)
• Austria — US$402.97 billion (2025)
• Belarus — US$70.72 billion (2025)
• Belgium — US$529.23 billion (2025)
• Bosnia and Herzegovina — US$27.93 billion (2025)
• Bulgaria — US$72.22 billion (2025)
• Croatia — US$75.15 billion (2025)
• Cyprus — US$31.44 billion (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

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Questions people ask

What is Greenland's gross national expenditure (constant 2015 US$)?

US$3.34 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2003?

It is up 60.57% from US$2.08 billion in 2003 (2.4% a year on average, compounded). The highest value was US$3.5 billion in 2011 and the lowest US$2.08 billion in 2003.

Is the latest change in gross national expenditure (constant 2015 US$) unusual for Greenland?

In 2023, Greenland's gross national expenditure (constant 2015 US$) fell 0.3% on 2022 (from US$3.35 billion to US$3.34 billion). Across the 19 yearly changes before that (2004 to 2022), the average change was +2.8% and a typical year strayed about 7.2% from that (the standard deviation). This year's change was 0.4 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.DAB.TOTL.KD, 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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