Greenland Household Consumption to GDP
Household final consumption expenditure as a share of GDP.
Household Consumption to GDP in Greenland decreased to 32.59 percent of GDP in 2023 from 32.66 percent of GDP in 2022.
Greenland Household Consumption to GDP — History
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Greenland Household Consumption to GDP — analysis in simple words
Latest reading
Household Consumption to GDP in Greenland decreased to 32.59 percent of GDP in 2023 from 32.66 percent of GDP in 2022.
Over the last three years it rose once and fell twice.
Recent trend
A year earlier (2022) it was 32.7%, so the latest figure is 0.1 percentage points lower.
Over the past five years the average was 33.7%, with a range from 32.6% to 35.0%. The latest value is below that five-year average.
Historical context
This data series starts in 2003 and has 21 annual observations. The latest reading is higher than 0% of all of them.
The highest value on record is 47.6% (2005) and the lowest is 32.6% (2023). The long-run average is 40.6%.
Compared with other countries
Among 178 economies with recent data, Greenland ranks 172nd from the top. The median across all these economies is 63.1%, so Greenland is below the typical country.
Within Europe & Central Asia (51 economies with data) it ranks 50th; the regional median is 55.6%.
Statistics
- Latest
- 32.6%2023
- Previous
- 32.7%
- 5-year average
- 33.7%
- Long-run average
- 40.6%since 2003
- All-time high
- 47.6%2005
- All-time low
- 32.6%2023
- Observations
- 21Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2023 | 32.6% | ▼ −0.1 pp |
| 2022 | 32.7% | ▼ −1.5 pp |
| 2021 | 34.2% | ▲ +0.1 pp |
| 2020 | 34.1% | ▼ −0.9 pp |
| 2019 | 35.0% | ▼ −0.9 pp |
| 2018 | 36.0% | ▼ −0.8 pp |
| 2017 | 36.8% | ▼ −0.7 pp |
| 2016 | 37.5% | ▼ −2.2 pp |
| 2015 | 39.7% | ▼ −2.0 pp |
| 2014 | 41.7% | ▼ −0.9 pp |
| 2013 | 42.6% | ▲ +0.1 pp |
| 2012 | 42.5% | ▼ −1.3 pp |
| 2011 | 43.9% | ▲ +0.7 pp |
| 2010 | 43.2% | ▼ −0.3 pp |
| 2009 | 43.5% | ▼ −1.6 pp |
| 2008 | 45.1% | ▼ −0.8 pp |
| 2007 | 46.0% | ▲ +0.4 pp |
| 2006 | 45.6% | ▼ −2.0 pp |
| 2005 | 47.6% | ▲ +0.6 pp |
| 2004 | 47.0% | ▲ +2.3 pp |
| 2003 | 44.7% |
Household Consumption to GDP — Greenland vs Peers
Latest available reading for each economy (periods may differ). Greenland highlighted.
More Greenland indicators
Understanding Household Consumption to GDP — a simple guide
What it measures
Household final consumption expenditure as a share of GDP.
How it is calculated
Household spending on goods and services ÷ GDP × 100.
A ratio of 60% means households account for 60% of total demand.
Consumption-led economies depend on household income and confidence.
A low share usually means investment or exports drive the economy.
Why it matters for the economy and markets
Consumption is the largest component of demand in most economies.
How to read it
Economies with high consumption shares are more sensitive to household income, credit and confidence.
Data source
World Bank — World Development Indicators (series NE.CON.PRVT.ZS), annual data from 2003 to 2023. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current household consumption to gdp of Greenland?
What is the highest and lowest household consumption to gdp of Greenland?
What does household consumption to gdp measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.