Greenland: Trade (% of GDP)
In , Greenland's Trade (% of GDP) was 91.89.
That's down 1.6% from 2022, the highest value since .
The global average for this indicator in 2023 was 92.19 .
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • 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
- 130.55
- Trough
- 82.66
- 1-year change
- -1.6%
- 5-year change
- +2.4%
- +0.5% / yr
- 10-year change
- -4.2%
- -0.4% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 91.8901 | |
| 93.3651 | |
| 83.6839 | |
| 82.6595 | |
| 92.1908 | |
| 89.7767 | |
| 84.2073 | |
| 85.8377 | |
| 83.1014 | |
| 87.0886 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Greenland's Trade (% of GDP) in 2023?
- In 2023, Greenland's Trade (% of GDP) was 91.89, according to World Bank Open Data.
- Is Greenland's Trade (% of GDP) rising or falling?
- Greenland's Trade (% of GDP) fell 1.6% from 2022 to 2023.
- How does Greenland's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2023 was 92.19, so Greenland is below the world average.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.