[38] Expanded production is subsidized by the government through purchase guarantees by the state-owned Neqi A/S grocery store chain. In the south, there is also a small cattle farm.[41][42]. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. The gross domestic product (GDP) of Greenland increased from 2011 to 2018. Though Greenland GDP per capita fluctuated substantially in recent years, it tended to increase through 1990 - 2009 period ending at 22,507.9 US dollars in 2009. Some geologists believe Greenland has some of the world's largest remaining oil resources:[30] in 2001, the U.S. Geological Survey found that the waters off north-eastern Greenland (north and south of the Arctic Circle) could contain up to 110 billion barrels (17×10^9 m3) of oil,[31] and in 2010 the British petrochemical company Cairns Oil reported "the first firm indications" of commercially viable oil deposits. Tourism is limited by the short summers and high costs. The GDP value of Greenland represents less than 0.01 percent of the world economy. Greenland, the world's largest island, is about 81% ice-capped. Value & Rank The GDP per Capita (PPP) of Greenland is 38,400 ($) with a global rank of 25. Our World In Data is a project of the Global Change Data Lab, a registered charity in England and Wales (Charity Number 1186433). Most EU laws do not apply to Greenland; however, owing to its connection with Denmark, Greenland continues to enjoy preferential access to EU markets. Vikings reached the island in the 10th century from Iceland; Danish colonization began in the 18th century, and Greenland became an integral part of the Danish Realm in 1953. International Statistics at NationMaster.com", World Bank national accounts data, and OECD National Accounts data files. France’s GDP per capita is $42,877.56, the 19th highest in the world, and GDP (PPP) is $2.96 trillion. United States has a GDP per capita of $59,800 as of 2017, while in Greenland, the GDP per capita is $41,800 as of 2015. be 2.1 times more likely to be unemployed. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. This chapter builds upon the work by Angus Maddison and shows that the world’s average GDP per capita increased by a factor of 10 between 1820 and the 2010. Greenland - GDP per capita growth (annual %) World Data Atlas. [12] Kale, lettuce, and other vegetables were successfully introduced, but repeated attempts to cultivate wheat or clover failed throughout Greenland, limiting the ability to raise European livestock. [23] Improvements in technology and increases in mineral prices have led to some mines being reopened, such as the lead and zinc mine at Maarmorilik and the gold mine at Nalunaq. Our World in Data is free and accessible for everyone. GDP per capita based on purchasing power parity (PPP). Value & Rank The GDP per Capita (PPP) of Greenland is 38,400 ($) with a global rank of 25. There are 24 economies which have per capita income above Int. Sources. The state-owned tourism agency Visit Greenland has the web address Greenland.com.[34]. Tight fiscal policies have ensured that inflation remains low and under control. GDP per capita in Denmark averaged 44395.84 USD from 1960 until 2019, reaching an all time high of 65147.40 USD in 2019 and a record low of 20537.50 USD in 1960. Similarly, deposits of coal, diamonds, and many metals – including silver, nickel, platinum, copper, molybdenum, iron, niobium, tantalum, uranium, and rare earths – are known to exist, but not yet in commercially viable deposits. Supervision by Scandinavian Sami ended in 1978 and subsequent results were dismal. GDP per capita is often considered an indicator of a country's standard of living; however, this is problematic because GDP per capita is not a measure of personal income. machinery and transport equipment, manufactured goods, food, $650 million subsidy from the Kingdom of Denmark (2012), This page was last edited on 16 January 2021, at 17:22. Emission Database for Global Atmospheric Research (EDGAR) CO2 Emissions from Fuel Combustion - IEA; World Population Prospects: The 2019 Revision - United Nations Population Division; In that time the population in Alaska shrank by 4,738 (-0.64%) people. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. DataBank. Greenland ranked first for renewable internal freshwater resources, total > billion cubic meters per million amongst Christian countries in 2007. Although the conclusion was drawn that reindeer herding was incompatible with the local culture, the southern herds continue to prosper. Definition: GDP per capita is gross domestic product divided by midyear population. Greenland GDP Per Capita table by year, historic, and current data. License: All of Our World in Data is completely open access and all work is licensed under the Creative Commons BY license.You have the permission to use, distribute, and reproduce in any medium, provided the source and authors are credited. Online tool for visualization and analysis. Sources. Covering an area of 2,166,086 sq. Above-ground biomass in forest per hectare, Absolute annual change in primary energy consumption, Age-standardized death rate from cardiovascular diseases, per 100,000 individuals, Alcohol and drug use disorders as a share of total disease burden, Annual percentage change in CO2 emissions, Anxiety disorder DALYs, age-standardized rate, Bipolar disorder DALYs, age-standardized rate, Coverage by protected areas of important sites for mountain biodiversity, DALY rates from communicable, neonatal, maternal & nutritional diseases, DALY rates from non-communicable diseases (NCDs), DALYs (Disability-Adjusted Life Years) from mental and neurodevelopmental disorders, DALYs (Disability-Adjusted Life Years) rate from alcohol and drug use disorders, DALYs from mental health and substance use disorders, DALYs rate from attention deficit/hyperactivity disorder (ADHD), DALYs rate from autistic spectrum disorders, Death rate attributed to an unsafe water source, Death rate from Alzheimer & other dementia, Death rate from ambient particulate air pollution, Death rate from neonatal preterm birth complication, Death rate from suicides (IHME (1990 to 2016)), Death rates from alcohol and drug use disorders, Death rates from mental health and substance use disorders, Death rates from pneumonia in children under 5, Deaths from alcohol and drug use disorders, Deaths from conflict and terrorism (IHME, GBD (1990 to 2016)), Deaths from mental health and substance use disorders, Deaths from natural disasters as a share of total deaths, Depressive disorder DALYs, age-standardized rate, Differences in life expectancy are more regional than national, Disability-adjusted life years (DALYs) from particulate pollution, Disability-adjusted life years: Major depressive disorders, age-standardized rate, Disability-adjusted life years: Mental and substance use disorders, age-standardized rate, Drowning death rates – children under the age of 5, Drug use disorder DALYs, age-standardized rate, Eating disorder DALYs, age-standardized rate, Electricity generation from low-carbon sources, Estimated TB-related deaths among people living with HIV, Expected years of living with disability or disease burden, Exports of goods and services by income group, Fixed broadband subscriptions (per 100 people), Forest area certified under an independently verified certification scheme, Gender parity index (GPI): Literacy rate of young people (ages 15-24), Gross Domestic Product (World Bank (1960 to 2017)). GNP per capita, 2005 : 20702 dollars: Greenland - Miscellaneous information. Fish catch, Change in fish catch from previous year, Energy intensity (kg oil eq.) Following the closure of the Maarmorilik lead and zinc mine in 1990 and the collapse of the cod fisheries amid colder ocean currents, Greenland faced foreign trade deficits and a shrinking economy, but it has been growing since 1993.[16]. The per-capita GDP decline plus the population decline are approximatly equal to the GDP decline Alaska … Greenland has had the highest gross value added per capita since 2003. For rankings regarding wealth, see list of countries by wealth per adult Method. Greenland is divided into 5 municipalities (kommuner, sing. $38,800(2014 est.) km amongst Cold countries in 2011. The gross domestic product (GDP) of Greenland increased from 2011 to 2018. Greenland (GRL) , GDP per capita, PPP (constant 2011 international $) indicators data for years 2004 to 2008 In alphabetical order, these municipalities are: Avannaata, Kujalleq, Qeqertalik, Qeqqata and Sermersooq. The second-largest sector by employment is Greenland's fishing industry. Current Greenland GDP Per Capita is 39,569.11 USD. The gross domestic product per capita, or GDP per capita, is a measure of a country's economic output that accounts for its number of people.It divides the country's gross domestic product by … Ireland is known for its beef, potatoes and dairy products — … Seven of those blocks have been bid for by a combination of multinational oil companies and NUNAOIL. Factoid #22 [18] In addition to this direct employment, the government heavily subsidizes other major employers in other areas of the economy, including Great Greenland's sealskin purchases, Pilersuisoq's rural stores, and some of Air Greenland and Royal Arctic's regional routes. In Greenland, that number is 9.1% as of 2015. GDP per capita (current US$) of Greenland increased from 20,170.44 US$ in 1999 to 54,470.96 US$ in 2018 growing at an average annual rate of 5.75%. - Lowest recorded temperature in West Europe = -66°C / -87°F (Northice, 1954-Jan.09). The economy of Greenland can be characterized as small, mixed and vulnerable. Greenland gdp per capita for 2015 was $44,536, a 11.78% decline from 2014. Salaries range from 7,140 DKK (lowest average) to 126,000 DKK (highest average, actual maximum salary is higher).. Norway and Sweden have also lost more than US$3,000. km per 1000 since 1961. This chapter builds upon the work by Angus Maddison and shows that the world’s average GDP per capita increased by a factor of 10 between 1820 and the 2010. World Bank national accounts data, and OECD National Accounts data files. The KGH monopolies were ended in 1950; Greenland was made an equal part of the Kingdom of Denmark in 1953 and Home Rule granted in 1979. See Standard of living and GDP. kommune). GDP per capita is often considered an indicator of a country's standard of living; however, this is problematic because GDP per capita is not a measure of personal income. kommune). Because the muskoxen's natural range favors the protected Northeast Greenland National Park, it is a less common object of hunting than in the past. GDP per capita (current US$) - Greenland. No claims are made regarding the accuracy of Greenland Economy 2020 information contained here. Per capita gross domestic product (GDP) is a metric that breaks down a country's economic output per person and is calculated by dividing the GDP of a country by its population. The largest island … Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. United States has a GDP per capita of $59,800 as of 2017, while in Greenland, the GDP per capita is $41,800 as of 2015. be 2.1 times more likely to be unemployed. Since the success of the 1993 Buksefjord dam, – whose distribution path to Nuuk includes the Ameralik Span – the long-term policy of the Greenland government is to produce the island's electricity from renewable domestic sources. Animal husbandry consists mainly of sheep farming, with free-grazing flocks. GDP per capita, PPP (current international $) GDP per capita (current LCU) GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. [13] After government-funded whaling failed, the KGH eventually settled on maintaining the native Greenlanders in their traditional pursuits of hunting and whaling and enforced a monopoly on trade between them and Europe. Has country already reached SDG target on improved water access? There have been tests with direct flights from the US East Coast from 2007 to 2008, but these were discontinued. PPP is for purchasing power parity. Access is almost exclusively by air, mainly from Scandinavia and Iceland. Greenland has had the highest surface area > sq. During the years before World War I, the KGH's independence was curtailed and the company folded into the Ministry of the Interior. Among top 20 richest economies, per capita income of 17 economies is less in 2019 compare to previous year. The GDP per Capita in Iceland is equivalent to 406 percent of the world's average. Please consult our full legal disclaimer. Greenland GDP Per Capita chart, historic, and current data. Greenland gdp for 2016 was $2.71B, a 8.32% increase from 2015. Dataset: Gender Statistics Greenland has had the highest surface area > sq. The program was intended to reduce costs, improve access to education and health care, and provide workers for modernized cod fisheries, which were growing rapidly at the time. Greenland gdp per capita for 2017 was $50,321, a 4.44% increase from 2016. per $1,000 (PPP) GDP, GDP growth rate from previous year, and GDP per capita at … Homicide rate (World Bank (1995 to 2016)), Homicide rates from firearms (IHME, GBD (1990 to 2017)), Imports of goods and services (constant 2010 US $), Internally displaced persons from natural disasters, Low-carbon electricity generation per capita, Mental and substance use disorders as a share of total disease burden, Mental health disorders as a share of total disease burden, New tetanus infections per 100,000 people, Number of deaths from indoor air pollution, Number of deaths from outdoor air pollution, Number of deaths from pneumonia in children under 5, Number of mobile cellular subscriptions by country, Number of people using at least basic sanitation facilities, Number of people using safely managed drinking water, Number of people using safely managed sanitation facilities, Number of people with access to at least basic drinking water, Number of people with access to electricity, Number of people with alcohol or drug use disorders, Number of people with depression by country, Number of people with mental health disorders, Number of people without access to safe drinking water, Number of people without access to safe sanitation, Official entrance age to compulsory education, Ores and metals exports (% of merchandise exports), People practicing open defecation in urban areas (% of urban population), People practicing open defection in rural areas (% of rural population), Per capita electricity generation from fossil fuels, Per capita electricity generation from gas, Per capita electricity generation from hydropower, Per capita electricity generation from nuclear, Per capita electricity generation from oil, Per capita electricity generation from renewables, Per capita electricity generation from solar, Per capita electricity generation from wind, Per capita generation of coal electricity, Percentage of individuals using the internet by country, Population (Gapminder & UN (1800 to 2019)), Proportion of tariff lines applied to imports from least developed countries with zero-tariff, Schizophrenia DALYs, age-standardized rate, Scientific and technical journal articles, Share of deaths from indoor air pollution, Share of deaths from outdoor air pollution, Share of deaths from unsafe water sources, Share of electricity from low-carbon sources, Share of electricity production from coal, Share of electricity production from fossil fuels, Share of electricity production from hydropower, Share of electricity production from renewable sources, Share of electricity production from renewables, Share of electricity production from solar, Share of final energy consumption from renewable sources, Share of food products in total merchandise exports, Share of important terrerstrial biodiversity sites that are protected, Share of land area used for arable agriculture, Share of land used for permanent meadows and pastures, Share of manufactures in total merchandise exports, Share of marine territorial waters that are protected, Share of people living in urban areas (UN (1960 to 2017)), Share of people practicing open defecation, Share of population using at least basic drinking water source, Share of population using at least basic sanitation facilities, Share of population using safely managed sanitation facilities, Share of population with Asperger Syndrome and other autistic spectrum disorders, Share of population with alcohol use disorders, Share of population with an alcohol use disorder, Share of population with an eating disorder, Share of population with anxiety disorders, Share of population with attention deficit/hyperactivity disorder (ADHD), Share of population with bipolar disorder, Share of population with developmental intellectual disability, Share of population with drug use disorders, Share of population with mental health and substance use disorders, Share of population with mental health or development disorder, Share of the population exposed to air pollution levels above WHO guidelines, Share of the population living in urban areas, Share of the population using safely managed drinking water, Share of the population using the Internet, Share of the population with alcohol or drug use disorders, Share of the population with alcohol use disorders, Share of the population with down syndrome, Share of urban population with improved sanitation faciltities, Share of urban population with improved water sources, Share of women with raised blood pressure, TB patients living with HIV receiving antiretroviral therapy, The disease burden from alcohol use disorders, Trade – exports plus imports – as share of GDP, Tuberculosis incidence (per 100,000 people), Tuberculosis incidence per 100,000 people, Unsentenced detainees as a proportion of overall prison population, Urbanization over the past 500 years (Historical sources & UN (1500 to 2016)). According to World Bank , France has unfortunately experienced high unemployment rates in recent years: a 10% unemployment rate was recorded for 2014, … The program faced a number of problems including the collapse of the fisheries and the shoddy construction of many of the buildings, particularly the infamous Blok P, and produced a number of problems of its own, including continuing unemployment and alcoholism. Has country already reached SDG target on electricity access? The KGH had long opposed urbanization of the Kalaallit Greenlanders, but during the 1950s and 1960s the Danish government introduced an urbanization and modernization program aimed at consolidating existing settlements. Approximately half of total sales are conducted by KNI, the state-owned successor to the Royal Greenland Trade Department; its rural sales division Pilersuisoq; or its daughter company – which has been purchased by the Danish Dagrofa – Pisiffik. Iceland is the biggest loser as its gdp per capita figure has declined by $7,478. Ireland. [18], Whaling and seal hunting were once traditional mainstays of Greenland's economy. [18] The third major chain is the Brugsen association of cooperatives. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. [33] Domestic heating is provided by electricity at locations where there is a hydro power plant. The economy of Greenland can be characterized as small, mixed and vulnerable. Electricity generation is controlled by the state-owned Nukissiorfiit. Per capita income of top ranker Qatar is over 7 times to the world GDP per capita and 183 times of lowest ranked Burundi of Int. The Gross Domestic Product per capita in Denmark was last recorded at 65147.40 US dollars in 2019. Electricity has historically been generated by oil or diesel power plants, even though there is a large surplus of potential hydropower. NOTE: 1) The information regarding Greenland on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. World Bank. GDP of Greenland 2011-2018; GDP of the Faroe Islands 2010-2010; Quarterly GDP growth rate in Norway 2018-2020; Real gross domestic product per capita in Macao 2014-2018 [17] The public sector, including publicly owned enterprises and the municipalities, plays the dominant role in the economy. The Greenland economy is extremely dependent on exports of fish and on support from the Danish Government, which supplies about half of government revenues. The area available known as the West Disko licensing round is of interest due to its relative accessibility compared to other Arctic basins, as the area remains largely free of ice and contains a number of promising geological leads and prospects from the Paleocene era. Graph and download economic data for Constant GDP per capita for Greenland (NYGDPPCAPKDGRL) from 1970 to 2018 about Greenland, per capita, real, and GDP. "Employment to population ratio, 15+, total (%) (national estimate)", Main employment for permanent residents by time, industry, gender, age, place of residence, place of birth and inventory, "The Economy of Greenland is Dependent on Fishing", Change and Continuity in Denmark's Greenland Policy, Contemporary Seal Hunting Households Trade Bans and Subsidies, "Hydropower creates clean energy and jobs in Greenland", "Oil in Greenland: Black stuff in green land", "Greenland's broccoli is bad for our health", "Arctic Harvest – Global Warming a Boon for Greenland's Farmers", "Climatic changes and agriculture in Greenland: Plant diseases in potatoes and grass fields", "Trump Is Thinking of Buying a Giant Socialist Island", "Oversigt over får, lam, kvæg, heste og høns fordelt på kommuner – data fra husdyrtælling hos fåreholdere i år 2007, stk", "Success and failure of reindeer herding in Greenland", https://en.wikipedia.org/w/index.php?title=Economy_of_Greenland&oldid=1000774576, Articles with Danish-language sources (da), All articles with specifically marked weasel-worded phrases, Articles with specifically marked weasel-worded phrases from April 2012, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License. In Greenland, that number is 9.1% as of 2015. All suggestions for corrections of any errors about GDP - per capita (PPP) should be addressed to the CIA. [24], Greenland is expected to be one of the world's next great mining frontiers as global warming starts to uncover precious metals from the frozen surroundings. All Countries and Economies. Both whaling and sealing have become controversial, limiting the potential market for their products. "Countries Compared by Economy > GDP per capita. [8], GDP per capita is close to the average for European economies, but the economy is critically dependent upon substantial support from the Danish government, which supplies about half the revenues of the Self-rule Government, which in turn employs 10,307 Greenlanders[10] out of 25,620 currently in employment (2015). Greenland. Greenland: 0.03: 1,530: 56,412: Carbon Dioxide (CO2) Emissions per Capita - Worldometer. When in 2010, Greenland had 116 cases of tuberculosis, that meant the country's rate of TB (200 per 100,000) was on par with Haiti's. Inflation. As such, the only seal tannery in the country – Great Greenland in Qaqortoq – is heavily subsidized by the government[18] to maintain the livelihood of smaller communities which are economically dependent on the hunt.[21]. As of 2019, the estimated average GDP per capita (PPP) of all of the countries of the world is Int$18,381. GDP per capita in 2001 was around $20,000. At present, local production accounts for 10% of potatoes consumption in Greenland, but that is projected to grow to 15% by 2020. Similarly, it has enabled new crops like apples, strawberries,[36] broccoli, cauliflower, cabbage, and carrots[35] to be grown and for the cultivated areas of the country to be extended[37] although even now only about 1% of Greenland is considered arable. Greenland. The value for GDP per capita (current LCU) in Greenland was 343,950 as of 2018. While cod was formerly the main catch, today the industry centers on cold-water shrimp and Greenland halibut. Literacy rate: 100%. MAIN NATURAL RESOURCES : - Fishes - Reindeers - Sheeps: RECORDS : - Greenland is the largest island in the world (2 175 600 Km2). Coal used to be mined at Qullissat but this has been suspended. Repeated attempts in mid-west Greenland in the 1980s and the 1990s failed due to the immobility of the herds, which destroyed their forage. In United States, 4.4% of adults are unemployed as of 2017. What is the GDP per capita ppp of Greenland? [22], Ivigtut used to be the world's premier source of natural cryolite, an important mineral in aluminum extraction, but the commercially viable reserves were depleted in the 1980s. GDP - per capita: $41,800 (2015 est.) Some tourists arrive by cruise ship (but they don't spend much locally, since the ship provides accommodation and meals). While the Greenland Home Rule Government has primary sovereignty over mineral deposits on the mainland,[29] oil resources are within the domain of the Danish exclusive economic zone. Greenland Home Rule Government has played a major role in maintaining low inflation in Greenland. - Lowest recorded temperature in West Europe = -66°C / … At that point, only one Greenlander was still a deerherd; the rest – about 20 people – were still hired Norwegian Sami. There is a plan for an Aluminium smelter plant, which requires multiple large (total 600-750 MW) hydropower plants. Around $ 20,000 farm. [ 41 ] [ 42 greenland gdp per capita a 20.17 increase., prospecting takes place under the Creative Commons by license both Whaling and seal hunting once! Less than 0.01 percent of the world 's largest island, while are! Country already reached SDG target on improved water access [ 43 ] in the economy dependent upon demand exports! 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