Data / Inflation, GDP deflator / Greenland

Inflation, GDP deflator in Greenland

Inflation, GDP deflator in Greenland was 1.9% in 2023, according to the World Bank. That is down 3.7 pts from 2022.

20231.9%
Change on 2022-3.7 pts
Series high16.41975
Series low-3.22005

Next release: Friday, 8 October 2027, estimated by Invokely from past publication dates (low confidence), not announced by the publisher. Release calendar

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Inflation, GDP deflator in Greenland, 1971 to 2023

-50510152019711979198719952003201120231971: 11.4 %1972: 5.7 %1973: 7.7 %1974: 15.6 %1975: 16.4 %1976: 13.2 %1977: 7 %1978: 9.3 %1979: 7.5 %1980: 11.6 %1981: 14.9 %1982: 13 %1983: 9.7 %1984: 8.9 %1985: 7.4 %1986: 4.1 %1987: 4.6 %1988: 6.4 %1989: 5.3 %1990: 5.1 %1991: 3.2 %1992: 1.5 %1993: 1 %1994: 0.5 %1995: 2.1 %1996: 1 %1997: 0.5 %1998: 1 %1999: 1.1 %2000: 2.1 %2001: 3.4 %2002: 3.1 %2003: 6.5 %2004: -0.5 %2005: -3.2 %2006: 2.2 %2007: -0 %2008: -2 %2009: 5.5 %2010: 2 %2011: 2.9 %2012: 3.4 %2013: 1.1 %2014: 1 %2015: 8.1 %2016: 3.5 %2017: 3.3 %2018: 1.8 %2019: 0.7 %2020: 0.9 %2021: 0.8 %2022: 5.6 %2023: 1.9 %-50510152019711989200720231971: 11.4 %1972: 5.7 %1973: 7.7 %1974: 15.6 %1975: 16.4 %1976: 13.2 %1977: 7 %1978: 9.3 %1979: 7.5 %1980: 11.6 %1981: 14.9 %1982: 13 %1983: 9.7 %1984: 8.9 %1985: 7.4 %1986: 4.1 %1987: 4.6 %1988: 6.4 %1989: 5.3 %1990: 5.1 %1991: 3.2 %1992: 1.5 %1993: 1 %1994: 0.5 %1995: 2.1 %1996: 1 %1997: 0.5 %1998: 1 %1999: 1.1 %2000: 2.1 %2001: 3.4 %2002: 3.1 %2003: 6.5 %2004: -0.5 %2005: -3.2 %2006: 2.2 %2007: -0 %2008: -2 %2009: 5.5 %2010: 2 %2011: 2.9 %2012: 3.4 %2013: 1.1 %2014: 1 %2015: 8.1 %2016: 3.5 %2017: 3.3 %2018: 1.8 %2019: 0.7 %2020: 0.9 %2021: 0.8 %2022: 5.6 %2023: 1.9 %
%. Source: World Bank, Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved 2026-10-18, published 2026-10-08.
All 53 values
Period%
20231.9
20225.6
20210.8
20200.9
20190.7
20181.8
20173.3
20163.5
20158.1
20141
20131.1
20123.4
20112.9
20102
20095.5
2008-2
2007-0
20062.2
2005-3.2
2004-0.5
20036.5
20023.1
20013.4
20002.1
19991.1
19981
19970.5
19961
19952.1
19940.5
19931
19921.5
19913.2
19905.1
19895.3
19886.4
19874.6
19864.1
19857.4
19848.9
19839.7
198213
198114.9
198011.6
19797.5
19789.3
19777
197613.2
197516.4
197415.6
19737.7
19725.7
197111.4

Greenland compared with nearby places

United Arab Emirates: -2 %Afghanistan: 2.9 %Antigua and Barbuda: 6.5 %Albania: 5.7 %Armenia: 3.1 %Angola: 19.3 %Argentina: 136.7 %Austria: 7.2 %Australia: 6.5 %Azerbaijan: -9.3 %Bosnia and Herzegovina: 7.3 %Bangladesh: 6.9 %Belgium: 5.5 %Burkina Faso: 1.9 %Bulgaria: 8 %Burundi: 19.1 %Benin: 3.4 %Brunei: -12.8 %Bolivia: 0.2 %Brazil: 5.2 %Bahamas: 6.6 %Bhutan: 4.4 %Botswana: 1.8 %Belarus: 8 %Belize: 6.7 %Canada: 1.5 %Democratic Republic of the Congo: 11.3 %Central African Republic: 3.6 %Republic of the Congo: -7.6 %Switzerland: 0.9 %Côte d’Ivoire: 3.9 %Chile: 6.6 %Cameroon: 3.6 %China: -0.5 %Colombia: 7 %Costa Rica: -1.1 %Cuba: 33.6 %Cape Verde: 3.3 %Cyprus: 5.6 %Czechia: 8.6 %Germany: 6.7 %Djibouti: 2.4 %Denmark: -2.1 %Dominican Republic: 5.8 %Algeria: 1 %Ecuador: 2.1 %Estonia: 8.6 %Egypt: 24.8 %Spain: 6.2 %Ethiopia: 32.9 %Finland: 3.9 %Fiji: 2.8 %Faroe Islands: 2.9 %France: 5 %Gabon: -10 %United Kingdom: 6.3 %Georgia: 2.9 %Ghana: 40.1 %Greenland: 1.9 %Gambia: 13.7 %Guinea: 6.1 %Equatorial Guinea: -3.7 %Greece: 6.3 %Guatemala: 6.5 %Guinea-Bissau: 4 %Guyana: -14.1 %Hong Kong: 2.9 %Honduras: 6 %Croatia: 12.9 %Haiti: 30.6 %Hungary: 15 %Indonesia: 1.5 %Ireland: 3.4 %Israel: 4.6 %Isle of Man: 3.2 %India: 3.5 %Iraq: -15.5 %Iran: 37.3 %Iceland: 5.5 %Italy: 6.3 %Jamaica: 11.3 %Jordan: 1.7 %Japan: 4.6 %Kenya: 5.4 %Kyrgyzstan: 19.9 %Cambodia: 1 %Kiribati: 8.9 %South Korea: 2 %Kuwait: -8 %Cayman Islands: 3.8 %Kazakhstan: 9.5 %Laos: 24.4 %Lebanon: 202.9 %Sri Lanka: 16.8 %Liberia: 4.8 %Lesotho: 0.3 %Lithuania: 10 %Luxembourg: 6.9 %Latvia: 10.7 %Libya: -7.6 %Morocco: 7.1 %Moldova: 9.3 %Montenegro: 11.7 %Madagascar: 8.4 %North Macedonia: 7.9 %Mali: 2 %Myanmar: 10.8 %Mongolia: 21.8 %Mauritania: 3.8 %Mauritius: 6.4 %Malawi: 29 %Mexico: 4.7 %Malaysia: -1.8 %Mozambique: 5.1 %Namibia: 7.7 %New Caledonia: -4 %Niger: 3.4 %Nigeria: 10.8 %Nicaragua: 10.8 %Netherlands: 6.3 %Norway: -10.9 %Nepal: 5.7 %New Zealand: 4.1 %Oman: -4.7 %Panama: 2.3 %Peru: 6.7 %French Polynesia: 3.3 %Papua New Guinea: -4.3 %Philippines: 4.6 %Pakistan: 26 %Poland: 9.9 %Puerto Rico: 3.3 %Palestine: -1.8 %Portugal: 7.5 %Palau: 10.2 %Paraguay: 2.2 %Qatar: -10.7 %Romania: 12.4 %Serbia: 13.9 %Russia: 6.7 %Rwanda: 11.7 %Saudi Arabia: -2.2 %Solomon Islands: 2.5 %Sudan: 29.7 %Sweden: 5.8 %Singapore: -4.6 %Slovenia: 10 %Slovakia: 10 %Sierra Leone: 29.3 %Senegal: 3.1 %Somalia: 4.5 %Suriname: 33.1 %El Salvador: 1.9 %Eswatini: 6.1 %Chad: -3.7 %Togo: 3 %Thailand: 1.3 %Tajikistan: 3.7 %Timor-Leste: -20.8 %Turkmenistan: -2.4 %Tunisia: 7.2 %Türkiye: 68.3 %Trinidad and Tobago: -13 %Tanzania: 2.7 %Ukraine: 19.9 %Uganda: 6.7 %United States: 3.7 %Uruguay: 4.1 %Uzbekistan: 13.9 %Venezuela: 367.8 %Vietnam: 2.2 %Vanuatu: 0.6 %Samoa: 6.8 %South Africa: 4.7 %Zambia: 7.1 %Zimbabwe: 768.5 %
  • Under -9
  • -9 to -4
  • -4 to 0
  • 0 to 4
  • 4 to 8
  • 8 and over
  • No data
Inflation, GDP deflator, 2023, %. Greenland is outlined. Same source and period for every area shown. Source: World Bank. Boundaries: Natural Earth (public domain).

Rankings

Definition

Annual percentage change in the GDP implicit deflator, the ratio of GDP at current prices to GDP at constant prices in national currency. It measures price change across the whole economy. World Bank national accounts data, compiled from national statistical offices and central banks and from OECD national accounts files.

Covers investment goods and exports too, so it differs from consumer price inflation (inflation_annual_average). It turns negative when export prices fall, as in oil exporters in 2015 and 2020.

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How to cite

World Bank, World Development Indicators. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. Retrieved 2026-10-18. Licensed under CC BY 4.0.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

World Bank. (2026). Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG) (Inflation, GDP deflator, Greenland, 1971 to 2023) [Data set]. Retrieved October 18, 2026, from https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG

MLA 9

Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), Inflation, GDP deflator, Greenland, 1971 to 2023. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. Invokely, https://invokely.ai/en/gdp-deflator-inflation/greenland. Accessed 18 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Inflation, GDP deflator, Greenland, 1971 to 2023. Dataset. Accessed October 18, 2026. https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. Also distributed by Invokely, https://invokely.ai/en/gdp-deflator-inflation/greenland.

Harvard

World Bank (2026) Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG), Inflation, GDP deflator, Greenland, 1971 to 2023 [Dataset]. Available at: https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG, via Invokely: https://invokely.ai/en/gdp-deflator-inflation/greenland (Accessed: 18 October 2026).

BibTeX
@misc{world_inflation_gdp_deflator_greenland_2023,
  author = {{World Bank}},
  title = {{Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG): Inflation, GDP deflator, Greenland, 1971 to 2023}},
  year = {2026},
  howpublished = {Data set},
  url = {https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG},
  urldate = {2026-10-18},
  note = {Accessed via Invokely, https://invokely.ai/en/gdp-deflator-inflation/greenland. Publisher attribution: World Bank, World Development Indicators. Inflation, GDP deflator (annual \%) (NY.GDP.DEFL.KD.ZG). https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. Retrieved 2026-10-18. Licensed under CC BY 4.0.},
}
RIS
TY  - DATA
AU  - World Bank
TI  - Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG): Inflation, GDP deflator, Greenland, 1971 to 2023
PY  - 2026
DA  - 2026/10/08
PB  - World Bank
DB  - Invokely
UR  - https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG
L2  - https://invokely.ai/en/gdp-deflator-inflation/greenland
Y2  - 2026/10/18
N1  - Accessed via Invokely, https://invokely.ai/en/gdp-deflator-inflation/greenland.
N1  - Publisher attribution: World Bank, World Development Indicators. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). https://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG. Retrieved 2026-10-18. Licensed under CC BY 4.0.
ER  -
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Questions

What is the inflation, GDP deflator in Greenland?

Inflation, GDP deflator in Greenland was 1.9% in 2023, according to the World Bank. That is down 3.7 pts from 2022.

Where does this figure come from?

World Bank. Inflation, GDP deflator (annual %) (NY.GDP.DEFL.KD.ZG). Retrieved by Invokely on 2026-10-18.

What was the highest inflation, GDP deflator in Greenland?

16.4% in 1975, the highest value since 1971 in this series.

Inflation, GDP deflator in other countries

Related statistics for Greenland

All statistics for Greenland | Greenland in figures