What was Greenland's GDP per capita (current US$) in 2023?

In 2023, Greenland's GDP per capita (current US$) was 58,498.97, according to World Bank Open Data.

Is Greenland's GDP per capita (current US$) rising or falling?

Greenland's GDP per capita (current US$) rose 5.1% from 2022 to 2023.

How does Greenland's GDP per capita (current US$) compare to the world average?

The global average for GDP per capita (current US$) in 2023 was 21,312.22, so Greenland is above the world average.

Greenland: GDP per capita (current US$)

Name: Greenland: GDP per capita (current US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2023, Greenland's GDP per capita (current US$) was 58,498.97.

That's up 5.1% from 2022, the highest value on record.

The global average for this indicator in 2023 was 21,312.22 .

Source: World Bank Open Data (NY.GDP.PCAP.CD) • Data as of 2023

Trend (2005–2023)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 58,498.97; 2023
Trough: 32,489.73; 2005
1-year change: +5.1%
5-year change: +7.2%; +1.4% / yr
10-year change: +23.1%; +2.1% / yr

Real vs nominal growth

Over the last 10 years, Greenland's nominal GDP per capita (current US$) changed by +23.1%, while real (inflation-adjusted) GDP per capita (constant 2015 US$) changed by +15.2%. The +7.9 percentage-point gap is the combined effect of inflation and currency movement — only the real series isolates underlying economic growth.

Historical Data — Last 10 Years

Year	GDP per capita (current US$)
2023	58,498.9708
2022	55,635.0006
2021	58,135.9940
2020	54,812.6662
2019	53,309.2036
2018	54,545.1359
2017	50,765.7495
2016	48,181.7454
2015	44,536.3550
2014	50,485.2244

About GDP per capita (current US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.PCAP.CD • Category: Economy

About per capita measures: Per capita figures divide a country's total value by its population, giving a measure of average individual share. This makes countries of different sizes more comparable — a large country like China may have a higher total GDP than Switzerland, but Switzerland's GDP per capita is much higher.

Frequently asked questions

What was Greenland's GDP per capita (current US$) in 2023?: In 2023, Greenland's GDP per capita (current US$) was 58,498.97, according to World Bank Open Data.
Is Greenland's GDP per capita (current US$) rising or falling?: Greenland's GDP per capita (current US$) rose 5.1% from 2022 to 2023.
How does Greenland's GDP per capita (current US$) compare to the world average?: The global average for GDP per capita (current US$) in 2023 was 21,312.22, so Greenland is above the world average.
What is GDP per capita (current US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

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Source: World Bank Open Data (NY.GDP.PCAP.CD), CC BY 4.0.