GDP, PPP (current international $) for Greenland



Indicator Definition:
This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parity (PPP) conversion factor. 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. PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries. From April 2020, “GDP: linked series (current LCU)” [NY.GDP.MKTP.CN.AD] is used as underlying GDP in local currency unit so that it’s in line with time series of PPP conversion factors for GDP, which are extrapolated with linked GDP deflators.

The indicator "GDP, PPP (current international $)" stands at 4.48 Billion usd as of 12/31/2023, the highest value at least since 12/31/1991, the period currently displayed.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 4.50 percent compared to the value the year prior.
The 1 year change in percent is 4.50.
The 3 year change in percent is 22.37.
The 5 year change in percent is 29.48.
The 10 year change in percent is 50.06.

The Serie's long term average value is 2.42 Billion usd. It's latest available value, on 12/31/2023, is 85.05 percent higher, compared to it's long term average value.
The Serie's change in percent from it's minimum value, on 12/31/1993, to it's latest available value, on 12/31/2023, is +304.23%.
The Serie's change in percent from it's maximum value, on 12/31/2023, to it's latest available value, on 12/31/2023, is 0.0%.

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