Greenland: Import value index (2015 = 100)

Key figures

What the numbers say

In 2024, Greenland's import value index (2015 = 100) fell 12.4 on 2023 (from 166.4 to 154).

Across the 18 yearly changes before that (2006 to 2023), the average change was +4.18 and a typical year strayed about 15.49 from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 27.6 in 2019 and the biggest yearly fall was 30.3 in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 7.69 a year. A straight line explains 80% 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

In 2024, Greenland had the 91st highest value of the 204 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Greenland in the 2024 ranking

• Estonia — 89th of 204: 154.5
• Singapore — 90th of 204: 154.4
• Brazil — 91st of 204: 154
• China — 93rd of 204: 153.9
• Belarus — 94th of 204: 152.6
• Thailand — 95th of 204: 151.4

What this measures

Import value indexes are the current value of imports (c.i.f.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's import value indexes are reported for most economies.

All 20 values

Import value index (2015 = 100) in nearby economies

• Albania — 235.1 (2024)
• Andorra — 156.8 (2024)
• Armenia — 528.8 (2024)
• Austria — 135.9 (2024)
• Azerbaijan — 242.1 (2024)
• Belarus — 152.6 (2024)
• Belgium — 137 (2024)
• Bosnia and Herzegovina — 176.6 (2024)
• Bulgaria — 184.2 (2024)
• Croatia — 223 (2024)
• Cyprus — 189.7 (2024)
• Czechia

More trade data for Greenland

• Import volume index (2015 = 100) — 123.5 (2024)
• Net barter terms of trade index (2015 = 100) — 86.7 (2024)
• Export volume index (2015 = 100) — 178.3 (2024)
• Export value index (2015 = 100) — 192.8 (2024)

Every indicator for Greenland is on the Greenland data page.

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Greenland's import value index (2015 = 100)?

154 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 68.86% from 91.2 in 2005 (2.8% a year on average, compounded). The highest value was 172 in 2022 and the lowest 91.2 in 2005.

How does Greenland rank?

91st highest of 204 economies with data for 2024.

Is the latest change in import value index (2015 = 100) unusual for Greenland?

In 2024, Greenland's import value index (2015 = 100) fell 12.4 on 2023 (from 166.4 to 154). Across the 18 yearly changes before that (2006 to 2023), the average change was +4.18 and a typical year strayed about 15.49 from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator TM.VAL.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) 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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