Greenland GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Greenland's gdp deflator was 4.77% in 2025, ranked 121st globally. This represents a 155.9% increase from 2024. Data from World Bank, covering 1971–2025.
Overview
Greenland's gdp deflator stood at 4.77% in 2025, a rise of +2.90pp from 2023. Based on recent trends, this figure is projected to reach 4.77% by 2025. Greenland ranked 121st globally.
Greenland’s GDP deflator has fallen from an early‑year level of 11.45 % in 1971 to a modest 4.77 % in 2025, placing the jurisdiction at rank 121 globally. The indicator reached its all‑time high of 16.43 % in 1975, reflecting strong price pressures during the oil‑price shocks of the 1970s, before descending to a historic low of –3.23 % in 2005 amid a period of deflationary pressures and limited domestic demand. Over the 54‑year span, the deflator’s trajectory mirrors Greenland’s small, open economy, where fluctuations in fisheries, mining and tourism output translate into pronounced price volatility. Compared with peers of similar rank, the Philippines records a slightly higher deflator at 4.84 % and Guyana a little lower at 4.73 %, suggesting Greenland’s inflation environment is broadly aligned with other emerging economies. Continued diversification of export bases and tighter fiscal policy could sustain the recent low‑inflation path, while external commodity shocks would be the principal factor capable of reversing the trend.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 5.47% | - | - |
| 2025* trend | 4.77% | - | - |
| 2025 | 4.77% | +2.90pp | #121 |
| 2023 | 1.86% | −3.74pp | #40 |
| 2022 | 5.61% | +4.81pp | #71 |
| 2021 | 0.80% | −0.06pp | #19 |
| 2020 | 0.86% | +0.11pp | #73 |
| 2019 | 0.74% | −1.10pp | #48 |
| 2018 | 1.85% | −1.42pp | #74 |
| 2017 | 3.27% | −0.27pp | #112 |
| 2016 | 3.54% | −4.61pp | #141 |
| 2015 | 8.14% | +7.15pp | #189 |
| 2014 | 0.99% | −0.08pp | #65 |
| 2013 | 1.07% | −2.38pp | #61 |
| 2012 | 3.45% | +0.56pp | #98 |
| 2011 | 2.88% | +0.86pp | #69 |
| 2010 | 2.03% | −3.51pp | #72 |
Analysis
Greenland's gdp deflator was 4.77% in 2025, a rise of +2.90pp from 2024. Based on trends, estimated 4.77% by 2025.
Frequently Asked Questions
Greenland's gdp deflator was 4.77% in 2025. Ranked 121st globally. This represents a 155.9% increase from the previous year.
Greenland's gdp deflator peaked at 16.43% in 1975.
The lowest gdp deflator in Greenland was -3.23% in 2005.
Greenland ranks 121st globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Greenland's gdp deflator is projected to reach 4.77% by 2025 based on trend extrapolation.
The gdp deflator of Greenland in 2025 was 4.77%. This ranks 121st in the world.
Cite this page
@misc{historysaid_greenland_gdp-deflator,
title = {Greenland GDP Deflator},
url = {https://historysaid.com/greenland/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}