Greenland GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
Greenland's gdp growth was 0.87% in 2023, ranked 159th globally. This represents a 56.8% decrease from 2022. Data from World Bank, covering 1971–2023.
Overview
Greenland's gdp growth stood at 0.87% in 2023, a decline of +1.14pp from 2022. Greenland ranked 159th globally.
Greenland’s real GDP growth slowed to 0.87 % in 2023, placing the territory at 159th in the world and marginally above South Africa’s 0.81 % rate while trailing Italy’s 0.98 % and Myanmar’s 0.96 %. The 2023 figure marks a modest recovery from a prolonged period of low expansion after the all‑time trough of –11.72 % recorded in 1990, when the economy contracted sharply amid collapsing fish‑stock revenues and fiscal adjustments. The 1971 peak of 13.06 % remains the highest growth rate in the 53‑year series, reflecting a boom driven by rapid development of the mining sector and extensive public investment. Since the early 1990s, Greenland’s growth has fluctuated within a narrow band, never again approaching the 1970s surge. Future trajectory will depend on the scale of new mineral extraction projects and diversification of the export base, which could lift the growth rate if environmental and market constraints are managed.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2023 | 0.87% | −1.14pp | #159 |
| 2022 | 2.00% | +0.37pp | #165 |
| 2021 | 1.63% | +1.38pp | #178 |
| 2020 | 0.25% | −2.58pp | #37 |
| 2019 | 2.83% | +2.21pp | #103 |
| 2018 | 0.62% | +0.57pp | #183 |
| 2017 | 0.05% | −4.63pp | #185 |
| 2016 | 4.68% | +7.21pp | #56 |
| 2015 | -2.53% | −7.27pp | #199 |
| 2014 | 4.74% | +6.04pp | #60 |
| 2013 | -1.30% | −2.69pp | #192 |
| 2012 | 1.39% | +1.89pp | #139 |
| 2011 | -0.50% | −2.23pp | #191 |
| 2010 | 1.74% | +0.87pp | #155 |
| 2009 | 0.87% | −5.30pp | #94 |
Analysis
Greenland's gdp growth was 0.87% in 2023, a decline of −1.14pp from 2022.
Frequently Asked Questions
Greenland's gdp growth was 0.87% in 2023. Ranked 159th globally. This represents a 56.8% decrease from the previous year.
Greenland's gdp growth peaked at 13.06% in 1971.
The lowest gdp growth in Greenland was -11.72% in 1990.
Greenland ranks 159th globally in gdp growth as of 2023.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
The gdp growth of Greenland in 2023 was 0.87%. This ranks 159th in the world.
Cite this page
@misc{historysaid_greenland_gdp-growth,
title = {Greenland GDP Growth},
url = {https://historysaid.com/greenland/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}