Trade volume % GDP in Greenland stood at 63.19% in 2023, according to World Bank. The latest value is up 1.87 percentage points from 61.32% in 2022. Ten years earlier, in 2013, the value was 55.76% (up 7.43 percentage points since). The highest value since 1970 was 116.8% in 1984, the lowest 42.94% in 2015. Greenland ranked 87th highest of the 200 countries in this dataset in 2023; Hong Kong ranked first.
Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash
Trade volume % GDP, measured in %, measures the total economic output of Greenland. It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In Greenland, the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.
Trade volume % GDP in Greenland stood at 63.19% in 2023, according to World Bank.
The latest value is up 1.87 percentage points from 61.32% in 2022. Ten years earlier, in 2013, the value was 55.76% (up 7.43 percentage points since).
Greenland ranked 87th highest of the 200 countries in this dataset in 2023; Hong Kong ranked first.
The highest value since 1970 was 116.8% in 1984, the lowest 42.94% in 2015.
| Indicator | Trade volume % GDP |
|---|---|
| Country | Greenland |
| Category | Macroeconomics |
| Unit | % |
| Source | World Bank |
| Interactive chart | View on EconDash |
| API access | EconDash API documentation |
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World Bank. (2026). Trade volume % GDP — Greenland [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/trade-volume-percent-gdp/GRL. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS
World Bank. "Trade volume % GDP — Greenland." EconDash, 2026, https://econdash.org/chart/trade-volume-percent-gdp/GRL. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS.
World Bank. 2026. "Trade volume % GDP — Greenland." EconDash. Accessed November 13, 2026. https://econdash.org/chart/trade-volume-percent-gdp/GRL. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS.
@misc{econdash_trade_volume_percent_gdp_grl,
author = {{World Bank}},
title = {{Trade volume \% GDP --- Greenland}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/trade-volume-percent-gdp/GRL},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/TG.VAL.TOTL.GD.ZS}
}Browse indicators available for Greenland. Click any indicator to view its interactive chart, compare with other countries, and download historical data.
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