Greenland - External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Greenland was -12.31 as of 2019. Its highest value over the past 16 years was -1.02 in 2018, while its lowest value was -54.55 in 2011.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
2003 -11.71
2004 -9.58
2005 -17.59
2006 -14.09
2007 -22.56
2008 -33.41
2009 -24.30
2010 -42.36
2011 -54.55
2012 -25.95
2013 -20.51
2014 -10.14
2015 -7.94
2016 -4.31
2017 -2.82
2018 -1.02
2019 -12.31

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts