What was Greenland's GDP per capita growth (annual %) in 2023?

In 2023, Greenland's GDP per capita growth (annual %) was 0.50, according to World Bank Open Data.

Is Greenland's GDP per capita growth (annual %) rising or falling?

Greenland's GDP per capita growth (annual %) fell 74.7% from 2022 to 2023.

How does Greenland's GDP per capita growth (annual %) compare to the world average?

The global average for GDP per capita growth (annual %) in 2023 was 1.94, so Greenland is below the world average.

Greenland: GDP per capita growth (annual %)

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

In 2023, Greenland's GDP per capita growth (annual %) was 0.50.

That's down 74.7% from 2022, the highest value since 2022.

The global average for this indicator in 2023 was 1.94 .

Source: World Bank Open Data (NY.GDP.PCAP.KD.ZG) • 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: 6.59; 2008
Trough: -2.21; 2015
1-year change: -74.7%
5-year change: -43.4%; -10.8% / yr
10-year change: +169.4%

Historical Data — Last 10 Years

Year	GDP per capita growth (annual %)
2023	0.5041
2022	1.9902
2021	1.1210
2020	-0.0018
2019	2.4627
2018	0.8907
2017	0.0777
2016	4.5478
2015	-2.2149
2014	5.0919

About GDP per capita growth (annual %)

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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Indicator code: NY.GDP.PCAP.KD.ZG • 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 growth (annual %) in 2023?: In 2023, Greenland's GDP per capita growth (annual %) was 0.50, according to World Bank Open Data.
Is Greenland's GDP per capita growth (annual %) rising or falling?: Greenland's GDP per capita growth (annual %) fell 74.7% from 2022 to 2023.
How does Greenland's GDP per capita growth (annual %) compare to the world average?: The global average for GDP per capita growth (annual %) in 2023 was 1.94, so Greenland is below the world average.
What is GDP per capita growth (annual %) 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

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