Greenland: High-technology exports (current US$)

Key figures

What the numbers say

In 2018, Greenland's high-technology exports (current US$) fell 72% on 2017 (from US$1.74 million to US$487,974).

Across the 10 yearly changes before that (2008 to 2017), the average change was +884.1% and a typical year strayed about 1,962% from that (the standard deviation). This year's change was 0.5 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 4,870.9% in 2015 and the biggest yearly fall was 86.7% in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2009 to 2018 there is no clear straight-line trend: a straight line explains 3% 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.

How it compares

See how every economy compares in the full ranking.

Closest to Greenland in the 2018 ranking

• Bangladesh — 1st of 2: US$204.15 million

What this measures

High-technology exports are products with high R&D intensity, such as aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery.

Limitations: The indicator is based on data reported by countries to COMTRADE. The export values presented in the World Development Indicators represent Gross Exports less Re-Exports. The values may be impacted in cases of reporting errors or missing data, for example if countries do not report Re-Exports for one or more periods.

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

All 12 values

High-technology exports (current US$) in nearby economies

• Albania — US$33.08 million (2024)
• Andorra — US$51.38 million (2023)
• Armenia — US$892.56 million (2024)
• Austria — US$30.09 billion (2024)
• Azerbaijan — US$37.07 million (2024)
• Belarus — US$922.2 million (2021)
• Belgium — US$51.33 billion (2024)
• Bosnia and Herzegovina — US$406.64 million (2024)
• Bulgaria — US$3.35 billion (2024)
• Croatia — US$1.92 billion (2024)

More infrastructure data for Greenland

• Fixed telephone subscriptions — 4,996 (2022)
• Fixed telephone subscriptions (per 100 people) — 8.92 (2022)
• Mobile cellular subscriptions — 66,425 (2022)
• Mobile cellular subscriptions (per 100 people) — 118.64 (2022)
• Scientific and technical journal articles — 38.42 (2023)
• Individuals using the Internet (% of population) — 69.48% (2017)
• Fixed broadband subscriptions — 17,908 (2022)
• Fixed broadband subscriptions (per 100 people) — 31.98 (2022)
• ICT goods imports (% total goods imports) — 3.63% (2018)
• ICT goods exports (% of total goods exports)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Greenland's high-technology exports (current US$)?

US$487,974 in 2018, according to the World Bank (World Development Indicators).

How has it changed since 2007?

It is down 71.3% from US$1.7 million in 2007 (10.73% a year on average, compounded). The highest value was US$13.31 million in 2010 and the lowest US$257,025 in 2014.

Is the latest change in high-technology exports (current US$) unusual for Greenland?

In 2018, Greenland's high-technology exports (current US$) fell 72% on 2017 (from US$1.74 million to US$487,974). Across the 10 yearly changes before that (2008 to 2017), the average change was +884.1% and a typical year strayed about 1,962% from that (the standard deviation). This year's change was 0.5 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 TX.VAL.TECH.CD, licensed CC BY 4.0. Original source: Comtrade database, United Nations (UN), uri: comtrade.un.org, publisher: UN Statistics Division; World Integrated Trade Solution system (WITS), World Bank (WB), uri: https://wits.worldbank.org/ 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.