Greenland's gross national expenditure (% of GDP) was 110.29% in 2023, the latest year in the World Bank's World Development Indicators. That is down 10.22 percentage points from 120.51% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 110.29% | 2023 |
| Five years earlier | 100.87% | 2018 |
| Ten years earlier | 120.51% | 2013 |
| Highest | 154.55% | 2011 |
| Lowest | 100.87% | 2018 |
| Average since 2014 | 108.46% | 2014–2023 |
| First recorded | 111.71% | 2003 |
What the numbers say
In 2023, Greenland's gross national expenditure (% of GDP) fell 1.49 percentage points on 2022 (from 111.79% to 110.29%).
Across the 19 yearly changes before that (2004 to 2022), the average change was +0 percentage points and a typical year strayed about 10.36 percentage points from that (the standard deviation). This year's change was 0.1 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 18.06 percentage points in 2010 and the biggest yearly fall was 28.6 percentage points 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 there is no clear straight-line trend: a straight line explains 23% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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: 110.77%
- United Arab Emirates — 3rd of 3: 83.73%
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 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.
All 21 values
| Year | Gross national expenditure (% of GDP) |
|---|---|
| 2023 | 110.29 |
| 2022 | 111.79 |
| 2021 | 115.57 |
| 2020 | 110.73 |
| 2019 | 110.11 |
| 2018 | 100.87 |
| 2017 | 102.82 |
| 2016 | 104.31 |
| 2015 | 107.94 |
| 2014 | 110.14 |
| 2013 |
Gross national expenditure (% of GDP) 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 (% of GDP)?
- 110.29% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2003?
- It is down 1.41 percentage points from 111.71% in 2003. The highest value was 154.55% in 2011 and the lowest 100.87% in 2018.
- Is the latest change in gross national expenditure (% of GDP) unusual for Greenland?
- In 2023, Greenland's gross national expenditure (% of GDP) fell 1.49 percentage points on 2022 (from 111.79% to 110.29%). Across the 19 yearly changes before that (2004 to 2022), the average change was +0 percentage points and a typical year strayed about 10.36 percentage points from that (the standard deviation). This year's change was 0.1 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.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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