Greenland's gross national expenditure (current LCU) was 25.28 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 39.1% from 18.17 billion in 2013 (3.36% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 25.28 billion | 2023 |
| Five years earlier | 19.46 billion | 2018 |
| Ten years earlier | 18.17 billion | 2013 |
| Highest | 25.28 billion | 2023 |
| Lowest | 11.47 billion | 2003 |
| Average since 2014 | 21.21 billion | 2014–2023 |
| First recorded | 11.47 billion |
What the numbers say
In 2023, Greenland's gross national expenditure (current LCU) rose 1.4% on 2022 (from 24.94 billion to 25.28 billion).
Across the 19 yearly changes before that (2004 to 2022), the average change was +4.4% and a typical year strayed about 7.5% 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 18.9% in 2010 and the biggest yearly fall was 14.5% 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 927.94 million a year. A straight line explains 96% 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.
Closest to Greenland in the 2023 ranking
- Togo — 1st of 3: 6.53 trillion
- United Arab Emirates — 2nd of 3: 1.61 trillion
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 21 values
| Year | Gross national expenditure (current LCU) |
|---|---|
| 2023 | 25,277,900,000 |
| 2022 | 24,935,300,000 |
| 2021 | 23,931,900,000 |
| 2020 | 22,381,200,000 |
| 2019 | 22,010,600,000 |
| 2018 | 19,463,500,000 |
| 2017 | 19,360,400,000 |
| 2016 | 19,008,700,000 |
| 2015 | 18,149,000,000 |
| 2014 | 17,568,900,000 |
Gross national expenditure (current LCU) in nearby economies
- Albania — 2.69 trillion (2024)
- Armenia — 11.94 trillion (2025)
- Austria — 499.55 billion (2025)
- Azerbaijan — 121.07 billion (2025)
- Belarus — 291.24 billion (2025)
- Belgium — 654.97 billion (2025)
- Bosnia and Herzegovina — 66.96 billion (2025)
- Bulgaria — 117.22 billion (2025)
- Croatia — 97.66 billion (2025)
- Cyprus — 34.42 billion (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
Questions people ask
- What is Greenland's gross national expenditure (current LCU)?
- 25.28 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2003?
- It is up 120.37% from 11.47 billion in 2003 (4.03% a year on average, compounded). The highest value was 25.28 billion in 2023 and the lowest 11.47 billion in 2003.
- Is the latest change in gross national expenditure (current LCU) unusual for Greenland?
- In 2023, Greenland's gross national expenditure (current LCU) rose 1.4% on 2022 (from 24.94 billion to 25.28 billion). Across the 19 yearly changes before that (2004 to 2022), the average change was +4.4% and a typical year strayed about 7.5% 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.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator NE.DAB.TOTL.CN, 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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