Greenland: Households and NPISHs Final consumption expenditure, PPP (constant 2021 international $)

Key figures

What the numbers say

In 2023, Greenland's households and NPISHs Final consumption expenditure, PPP (constant 2021 international $) rose 0.1% on 2022 (from 1.3 billion to 1.3 billion).

Across the 19 yearly changes before that (2004 to 2022), the average change was +1.4% and a typical year strayed about 2.6% 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 9.5% in 2004 and the biggest yearly fall was 1.1% in 2013. 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 12.14 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.

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: 311.25 billion
• Togo — 2nd of 3: 18.06 billion

What this measures

This indicator provides values for final consumption expenditure expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. 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 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.

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

All 21 values

Households and NPISHs Final consumption expenditure, PPP (constant 2021 international $) in nearby economies

• Albania — 29.73 billion (2025)
• Armenia — 40.66 billion (2025)
• Austria — 286.13 billion (2025)
• Belarus — 155.83 billion (2025)
• Belgium — 343.39 billion (2025)
• Bosnia and Herzegovina — 41.32 billion (2025)
• Bulgaria — 205.47 billion (2025)
• Croatia

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$49,930 (2023)
• GDP per capita (constant LCU) — 285,947 (2023)
• GDP (annual % growth) — 0.87% (2023)
• GDP per capita (annual % growth) — 0.5% (2023)
• Adjusted savings, carbon dioxide damage (current US$)

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Questions people ask

What is Greenland's households and NPISHs Final consumption expenditure, PPP (constant 2021 international $)?

1.3 billion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2003?

It is up 30.64% from 994.71 million in 2003 (1.35% a year on average, compounded). The highest value was 1.3 billion in 2023 and the lowest 994.71 million in 2003.

Is the latest change in households and NPISHs Final consumption expenditure, PPP (constant 2021 international $) unusual for Greenland?

In 2023, Greenland's households and NPISHs Final consumption expenditure, PPP (constant 2021 international $) rose 0.1% on 2022 (from 1.3 billion to 1.3 billion). Across the 19 yearly changes before that (2004 to 2022), the average change was +1.4% and a typical year strayed about 2.6% 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.

Source

World Bank, World Development Indicators, indicator NE.CON.PRVT.PP.KD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… 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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