Greenland: Imports of goods and services (current LCU)

Key figures

What the numbers say

In 2023, Greenland's imports of goods and services (current LCU) fell 0.2% on 2022 (from 11.73 billion to 11.71 billion).

Across the 19 yearly changes before that (2004 to 2022), the average change was +5.8% and a typical year strayed about 17.1% from that (the standard deviation). This year's change was 0.3 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 44.1% in 2010 and the biggest yearly fall was 28.1% 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 the straight-line trend is upward, about 482.65 million a year. A straight line explains 90% 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.

Closest to Greenland in the 2023 ranking

• Togo — 1st of 3: 2.08 trillion
• United Arab Emirates — 2nd of 3: 1.77 trillion

What this measures

Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 21 values

Imports of goods and services (current LCU) in nearby economies

• Albania — 1.13 trillion (2025)
• Armenia — 6.07 trillion (2025)
• Austria — 268.29 billion (2025)
• Azerbaijan — 47.52 billion (2025)
• Belarus — 163.47 billion (2025)
• Belgium — 497.36 billion (2025)
• Bosnia and Herzegovina — 30.61 billion (2025)
• Bulgaria — 60.07 billion (2025)
• Croatia — 49.29 billion (2025)
• Cyprus — 33.54 billion (2025)

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 imports of goods and services (current LCU)?

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

How has it changed since 2003?

It is up 130.36% from 5.08 billion in 2003 (4.26% a year on average, compounded). The highest value was 13.34 billion in 2011 and the lowest 5.08 billion in 2003.

Is the latest change in imports of goods and services (current LCU) unusual for Greenland?

In 2023, Greenland's imports of goods and services (current LCU) fell 0.2% on 2022 (from 11.73 billion to 11.71 billion). Across the 19 yearly changes before that (2004 to 2022), the average change was +5.8% and a typical year strayed about 17.1% from that (the standard deviation). This year's change was 0.3 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.IMP.GNFS.CN, 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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