Greenland GDP
Gross Domestic Product in current US dollars NY.GDP.MKTP.CD
Greenland's gdp was $3.3B in 2023, ranked 32nd globally. This represents a 5.5% increase from 2022. Data from World Bank, covering 1970–2023.
Overview
Greenland's gdp stood at $3.3B in 2023, a rise of +$174.2M from 2022. Greenland ranked 32nd globally.
Greenland’s gross domestic product expanded dramatically from a trough of 69,520,026.67 in 1970 to an all‑time peak of 3,326,543,974.39 in 2023, placing the territory 32nd globally in the latest World Bank estimate. This growth reflects a 47‑fold increase over 54 years, outpacing peers such as Curaçao, which recorded 3,281,419,347.37, and approaching Burundi’s 3,430,949,249.91. The surge is largely attributable to expanding mineral extraction, tourism, and renewable‑energy projects that have diversified a historically resource‑constrained economy. While the absolute level remains modest compared with larger economies, Greenland’s per‑capita output has risen sharply, suggesting improved standards of living and fiscal capacity. Continued investment in mining and potential offshore oil development could sustain the upward trajectory, whereas heightened environmental regulation or global commodity price volatility might temper future growth.
Data & projection
| Year | GDP | YoY change | Rank |
|---|---|---|---|
| 2023 | $3.3B | +$174.2M | #32 |
| 2022 | $3.2B | −$141.2M | #33 |
| 2021 | $3.3B | +$204.0M | #36 |
| 2020 | $3.1B | +$92.3M | #37 |
| 2019 | $3.0B | −$58.5M | #36 |
| 2018 | $3.1B | +$204.2M | #38 |
| 2017 | $2.9B | +$144.5M | #37 |
| 2016 | $2.7B | +$208.0M | #37 |
| 2015 | $2.5B | −$343.0M | #35 |
| 2014 | $2.8B | +$157.1M | #38 |
| 2013 | $2.7B | +$75.3M | #36 |
| 2012 | $2.6B | −$74.8M | #37 |
| 2011 | $2.7B | +$181.3M | #40 |
| 2010 | $2.5B | −$26.8M | #39 |
| 2009 | $2.5B | +$30.9M | #39 |
Analysis
Greenland's gdp was $3.3B in 2023, a rise of +$174.2M from 2022.
Frequently Asked Questions
Greenland's gdp was $3.3B in 2023. Ranked 32nd globally. This represents a 5.5% increase from the previous year.
Greenland's gdp peaked at $3.3B in 2023.
The lowest gdp in Greenland was $69.5M in 1970.
Greenland ranks 32nd globally in gdp as of 2023.
The World Bank indicator code is NY.GDP.MKTP.CD. Data sourced from World Bank.
Greenland's gdp was approximately 3.33 billion ($3.3B) in 2023.
The gdp of Greenland in 2023 was $3.3B. This ranks 32nd in the world.
Cite this page
@misc{historysaid_greenland_gdp,
title = {Greenland GDP},
url = {https://historysaid.com/greenland/gdp/},
publisher = {HistorySaid},
year = {2026}
}