Greenland Services Value Added

Greenland’s services value added, measured as a share of gross domestic product, has slipped from 65.22 in 2003 to 61.44 in 2025, placing the country 75th in the World Bank’s global ranking. The indicator reached its all‑time high of 67.29 in 2009, a level that reflected a relatively diversified service sector before the global financial crisis, before entering a prolonged decline that culminated in a trough of 59.36 in 2018. The recent modest rebound to 61.44 still lags behind peers of similar rank, such as Ireland at 61.48 and Vanuatu at 61.39, suggesting that Greenland’s service sector remains less robust than those economies. Structural constraints, including a small domestic market and limited tourism infrastructure, have constrained growth, while recent investments in digital services and renewable‑energy‑related consulting offer modest upside. If these initiatives gain traction, the upward trajectory observed since the 2018 trough could accelerate, narrowing the gap with its peer group.