Greenland's merchandise exports by the reporting economy (current US$) was US$1.01 billion in 2023, the latest year in the World Bank's World Development Indicators. That is up 101.56% from US$498.87 million in 2013 (7.26% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.01 billion | 2023 |
| Five years earlier | US$612.37 million | 2018 |
| Ten years earlier | US$498.87 million | 2013 |
| Highest | US$1.01 billion | 2023 |
| Lowest | US$7.96 million | 1968 |
| Average since 2014 | US$715.89 million | 2014–2023 |
| First recorded | US$10.5 million |
What the numbers say
In 2023, Greenland's merchandise exports by the reporting economy (current US$) rose 9.2% on 2022 (from US$921.24 million to US$1.01 billion).
Across the 30 yearly changes before that (1993 to 2022), the average change was +5% and a typical year strayed about 18.2% from that (the standard deviation). This year's change was 0.2 standard deviations above 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 202.3% in 1974 and the biggest yearly fall was 42.5% in 1990. 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 US$66.82 million a year. A straight line explains 89% 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 2023, Greenland had the 151st highest value of the 205 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.
| Value | Year | |
|---|---|---|
| Greenland | US$1.01 billion | 2023 |
| World | US$22.82 trillion | 2023 |
| Europe & Central Asia | US$9.19 trillion | 2023 |
| High income | US$15.05 trillion | 2023 |
Closest to Greenland in the 2023 ranking
- Bahamas, The — 148th of 205: US$1.09 billion
- Macao SAR, China — 149th of 205: US$1.08 billion
- Benin — 150th of 205: US$1.05 billion
- Somalia, Fed. Rep. — 152nd of 205: US$992.04 million
- Malawi — 153rd of 205: US$965.51 million
- Lesotho — 154th of 205: US$957.67 million
What this measures
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.
Regional and income-group figures are computed by the World Bank as a sum.
All 60 values
| Year | Merchandise exports by the reporting economy (current US$) |
|---|---|
| 2023 | 1,005,531,197 |
| 2022 | 921,236,825 |
| 2021 | 890,083,827 |
| 2020 | 877,123,555 |
| 2019 | 846,105,292 |
| 2018 | 612,371,397 |
| 2017 | 551,048,148 |
| 2016 | 547,986,911 |
| 2015 | 386,000,642 |
| 2014 | 521,455,043 |
Merchandise exports by the reporting economy (current US$) in nearby economies
- Albania — US$4.37 billion (2023)
- Armenia — US$8.53 billion (2023)
- Austria — US$223.59 billion (2023)
- Azerbaijan — US$33.9 billion (2023)
- Belarus — US$25.27 billion (2023)
- Belgium — US$562.55 billion (2023)
- Bosnia and Herzegovina — US$9.22 billion (2023)
- Bulgaria — US$45.6 billion (2023)
- Croatia — US$24.91 billion (2023)
More private sector & trade data for Greenland
- Merchandise imports (current US$) — US$1.02 billion (2025)
- Merchandise exports (current US$) — US$1.01 billion (2025)
- Merchandise imports from high-income economies (% of total merchandise imports) — 98.35% (2023)
- Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0.000486% (2023)
- Merchandise imports by the reporting economy (current US$) — US$1.21 billion (2023)
- Merchandise exports to high-income economies (% of total merchandise exports) — 96.96% (2023)
- Merchandise exports by the reporting economy, residual (% of total merchandise exports) — 0% (2023)
- Merchandise trade (% of GDP)
Reading data like this
Questions people ask
- What is Greenland's merchandise exports by the reporting economy (current US$)?
- US$1.01 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1964?
- It is up 9,476% from US$10.5 million in 1964 (8.04% a year on average, compounded). The highest value was US$1.01 billion in 2023 and the lowest US$7.96 million in 1968.
- How does Greenland rank?
- 151st highest of 205 economies with data for 2023.
- Is the latest change in merchandise exports by the reporting economy (current US$) unusual for Greenland?
- In 2023, Greenland's merchandise exports by the reporting economy (current US$) rose 9.2% on 2022 (from US$921.24 million to US$1.01 billion). Across the 30 yearly changes before that (1993 to 2022), the average change was +5% and a typical year strayed about 18.2% from that (the standard deviation). This year's change was 0.2 standard deviations above 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 TX.VAL.MRCH.WL.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) 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.
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