Greenland Trade Openness
Trade as % of GDP NE.TRD.GNFS.ZS
Greenland's trade openness was 92.80% in 2025, ranked 86th globally. This represents a 1.0% increase from 2024. Data from World Bank, covering 2003–2025.
Overview
Greenland's trade openness stood at 92.80% in 2025, a rise of +0.91% from 2023. Based on recent trends, this figure is projected to reach 92.80% by 2025. Greenland ranked 86th globally.
Greenland's trade openness has fluctuated significantly over the past two decades, with the country's reliance on international trade evident in its high openness ratio. At 92.80, Greenland's current trade openness is among the highest globally, ranking 86th worldwide. The country's all-time peak occurred in 2011, when the trade openness ratio reached 130.55, indicating a substantial integration into the global economy. Conversely, a sharp decline in 2020 resulted in an all-time trough of 82.66, underscoring the vulnerability of Greenland's trade-dependent economy. Notably, this trend is comparable to that of Korea, which ranked 83rd in trade openness with a ratio of 93.21, suggesting a similar level of economic integration. Greenland's trade openness is likely to continue its upward trajectory as the country strengthens its economic ties with neighboring nations, particularly in the context of its growing Arctic trade relationship. A significant shift in the country's natural resource extraction and export sectors could potentially alter this trajectory.
Data & projection
| Year | Trade Openness | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 93.81% | - | - |
| 2025* trend | 92.80% | - | - |
| 2025 | 92.80% | +0.91% | #86 |
| 2023 | 91.89% | −1.48% | #94 |
| 2022 | 93.37% | +9.68% | #100 |
| 2021 | 83.68% | +1.02% | #106 |
| 2020 | 82.66% | −9.53% | #118 |
| 2019 | 92.19% | +2.41% | #114 |
| 2018 | 89.78% | +5.57% | #111 |
| 2017 | 84.21% | −1.63% | #101 |
| 2016 | 85.84% | +2.74% | #104 |
| 2015 | 83.10% | −3.99% | #101 |
| 2014 | 87.09% | −8.82% | #102 |
| 2013 | 95.91% | −5.07% | #111 |
| 2012 | 100.98% | −29.57% | #111 |
| 2011 | 130.55% | +20.08% | #148 |
| 2010 | 110.47% | +24.72% | #141 |
Analysis
Greenland's trade openness was 92.80% in 2025, a rise of +0.91% from 2024. Based on trends, estimated 92.80% by 2025.
Frequently Asked Questions
Greenland's trade openness was 92.80% in 2025. Ranked 86th globally. This represents a 1.0% increase from the previous year.
Greenland's trade openness peaked at 130.55% in 2011.
The lowest trade openness in Greenland was 82.66% in 2020.
Greenland ranks 86th globally in trade openness as of 2025.
The World Bank indicator code is NE.TRD.GNFS.ZS. Data sourced from World Bank.
Greenland's trade openness is projected to reach 92.80% by 2025 based on trend extrapolation.
The trade openness of Greenland in 2025 was 92.80%. This ranks 86th in the world.
Cite this page
@misc{historysaid_greenland_trade-openness,
title = {Greenland Trade Openness},
url = {https://historysaid.com/greenland/trade-openness/},
publisher = {HistorySaid},
year = {2026}
}