Greenland's gross national expenditure deflator (base year varies by country) was 122.53 in 2023, the latest year in the World Bank's World Development Indicators. That is up 16.4% from 105.27 in 2013 (1.53% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 122.53 | 2023 |
| Five years earlier | 112.45 | 2018 |
| Ten years earlier | 105.27 | 2013 |
| Highest | 122.53 | 2023 |
| Lowest | 89.48 | 2003 |
| Average since 2014 | 113.8 | 2014–2023 |
| First recorded | 89.48 | 2003 |
What the numbers say
In 2023, Greenland's gross national expenditure deflator (base year varies by country) rose 1.7% on 2022 (from 120.47 to 122.53).
Across the 19 yearly changes before that (2004 to 2022), the average change was +1.6% and a typical year strayed about 1% from that (the standard deviation). This year's change was 0.1 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 4.1% in 2022 and the biggest yearly fall was 0% in 2005. 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 1.53 a year. A straight line explains 94% 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 125.12 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 2.04, against 4.91 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 — 2nd of 3: 114.69
- United Arab Emirates — 3rd of 3: 102.18
What this measures
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. A deflator is the ratio of an indicator in current prices over the same series in constant prices. The base year varies by country.
All 21 values
| Year | Gross national expenditure deflator (base year varies by country) |
|---|---|
| 2023 | 122.53 |
| 2022 | 120.47 |
| 2021 | 115.71 |
| 2020 | 114.66 |
| 2019 | 113.58 |
| 2018 | 112.45 |
| 2017 | 112.07 |
| 2016 | 110.02 |
| 2015 | 108.95 |
| 2014 | 107.54 |
| 2013 |
Gross national expenditure deflator (base year varies by country) in nearby economies
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 deflator (base year varies by country)?
- 122.53 in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2003?
- It is up 36.93% from 89.48 in 2003 (1.58% a year on average, compounded). The highest value was 122.53 in 2023 and the lowest 89.48 in 2003.
Source
World Bank, World Development Indicators, indicator NE.DAB.DEFL.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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