Inflation, GDP deflator: linked series (annual %) in Greenland
Greenland: Inflation, GDP deflator: linked series (annual %) was 1.9% in 2023. ◆ Volatile
Inflation, GDP deflator: linked series in Greenland, 1990–2023
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
Greenland recorded 1.9% for inflation, gdp deflator: linked series in 2023.
Compared with earlier readings it is down 66.8% on the previous year and up 74.6% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Greenland peaked at 8.1% in 2015 and was at its lowest, -3.2%, in 2005.
That places Greenland 158th out of 214 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series (annual %) in Greenland, year by year
| Year | annual % | Change |
|---|---|---|
| 1990 | 5.1% | — |
| 1991 | 3.2% | -36.7% |
| 1992 | 1.5% | -52.1% |
| 1993 | 1.0% | -32.6% |
| 1994 | 0.5% | -55.1% |
| 1995 | 2.1% | +338.9% |
| 1996 | 1.0% | -52.3% |
| 1997 | 0.5% | -49.3% |
| 1998 | 1.0% | +97.0% |
| 1999 | 1.1% | +8.4% |
| 2000 | 2.1% | +99.0% |
| 2001 | 3.4% | +61.2% |
| 2002 | 3.1% | -8.8% |
| 2003 | 6.5% | +110.5% |
| 2004 | -0.5% | -108.2% |
| 2005 | -3.2% | +499.7% |
| 2006 | 2.2% | -169.3% |
| 2007 | -0.0% | -102.1% |
| 2008 | -2.0% | +4137.2% |
| 2009 | 5.5% | -375.1% |
| 2010 | 2.0% | -63.4% |
| 2011 | 2.9% | +42.2% |
| 2012 | 3.4% | +19.5% |
| 2013 | 1.1% | -69.0% |
| 2014 | 1.0% | -7.2% |
| 2015 | 8.1% | +722.4% |
| 2016 | 3.5% | -56.6% |
| 2017 | 3.3% | -7.7% |
| 2018 | 1.8% | -43.5% |
| 2019 | 0.7% | -59.7% |
| 2020 | 0.9% | +15.4% |
| 2021 | 0.8% | -7.1% |
| 2022 | 5.6% | +602.3% |
| 2023 | 1.9% | -66.8% |
Greenland compared with similar countries
- Greenland's 1.9% is below the median for high income countries, which is 2.6%, 71% of the median. (82 countries reporting)
- Greenland's 1.9% is below the median for Europe & Central Asia, which is 3.5%, 54% of the median. (56 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator: linked series (annual %) in Greenland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | -4137.2% | -0.0% | -2.0% |
| 2015 | +722.4% | 1.0% | 8.1% |
| 2022 | +602.3% | 0.8% | 5.6% |
| 2005 | -499.7% | -0.5% | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.7% | 0.5% | 5.1% | 10 |
| 2000s | 1.7% | -3.2% | 6.5% | 10 |
| 2010s | 2.8% | 0.7% | 8.1% | 10 |
| 2020s | 2.3% | 0.8% | 5.6% | 4 |
Countries ranked near Greenland
- 155 Italy 2.0% compare
- 156 Trinidad and Tobago 2.0% compare
- 157 Dominica 2.0% compare
- 159 French Polynesia 1.8% compare
- 160 Tuvalu 1.8% compare
- 161 Cape Verde 1.7% compare
More financial sector data for Greenland
- Net migration, annual growth rate 6.69 % change on previous year (2025)
- Net migration -265 (2025)
- Official exchange rate 6.62 LCU per US$, period average (2025)
- GDP deflator: linked series 140.95 base year varies by country (2023)
- GDP deflator: linked series (base year varies by country), annual 1.86 % change on previous year (2023)
- Banking crisis dummy 0 1=banking crisis, 0=none (2017)
- Outward Direct investment, Assets (gross), All financial instruments 0 (2024)
- Inward Direct investment, Assets (gross), All financial instruments 0 (2024)
- International migrant stock 10.4% (2024)
- International migrant stock, total 5,812 (2024)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Greenland?
- Inflation, gdp deflator: linked series in Greenland was 1.9% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Greenland?
- The highest recorded value was 8.1% in 2015.
- What is the lowest inflation, gdp deflator: linked series recorded in Greenland?
- The lowest recorded value was -3.2% in 2005.
- How does Greenland rank for inflation, gdp deflator: linked series?
- Greenland ranks 158th out of 214 countries with data for 2023.
- Is inflation, gdp deflator: linked series rising or falling in Greenland?
- Over the last ten years it is up 74.6%. The long-run trend across the full record is volatile.
- Where does this Greenland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.