Greenland - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Greenland was 97.42 as of 2020. Its highest value over the past 56 years was 100.00 in 1977, while its lowest value was 89.93 in 1984.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1964 100.00
1965 100.00
1966 100.00
1967 100.00
1968 100.00
1969 100.00
1970 100.00
1971 100.00
1972 99.52
1973 100.00
1974 99.04
1975 96.78
1976 98.70
1977 100.00
1978 99.02
1979 93.79
1980 96.31
1981 98.94
1982 97.74
1983 98.51
1984 89.93
1985 94.16
1986 98.00
1987 97.84
1988 96.54
1989 97.65
1990 98.53
1991 98.38
1992 97.29
1993 97.79
1994 98.41
1995 99.21
1996 97.79
1997 98.76
1998 96.18
1999 95.81
2000 97.85
2001 97.38
2002 99.56
2003 96.26
2004 98.95
2005 98.59
2006 99.44
2007 99.20
2008 97.77
2009 99.67
2010 99.45
2011 98.34
2012 98.01
2013 94.10
2014 98.64
2015 98.43
2016 98.73
2017 96.51
2018 95.73
2019 96.80
2020 97.42

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports