![]() Nuuk skyline at night | |
Currency | Danish krone (DKK, kr.) |
---|---|
calendar year | |
Country group | High-income economy[1] |
Statistics | |
Population | ![]() |
GDP | |
GDP rank | |
GDP growth |
|
GDP per capita | |
GDP per capita rank | |
GDP by sector |
|
Population below poverty line | 16.2% (2015 est.)[4] |
![]() | |
| |
Labour force | |
Labour force by occupation |
|
Unemployment | ![]() |
Main industries | fish processing (mainly shrimp and Greenland halibut); Oil, gold, niobium, tantalite, uranium, iron, and diamond mining; handicrafts, hides, skins, small shipyards |
External | |
Exports | ![]() |
Export goods | fish and fish products 91% (2015 est.) |
Main export partners | |
Imports | ![]() |
Import goods | machinery and transport equipment, manufactured goods, food, petroleum products |
Main import partners | |
Gross external debt | ![]() |
Public finances | |
13% of GDP (2015 est.)[4] | |
+5.6% (of GDP) (2016 est.)[4] | |
Revenues | 1.719 billion (2016 est.)[4] |
Expenses | 1.594 billion (2016 est.)[4] |
Economic aid | $650 million subsidy from the Kingdom of Denmark (2012) |
All values, unless otherwise stated, are in US dollars. |
The economy of Greenland is characterized as small, mixed and vulnerable.[9] Greenland's economy consists of a large public sector and comprehensive[10] foreign trade. This has resulted in an economy with periods of strong growth, considerable inflation, unemployment problems and extreme dependence on capital inflow from the Kingdom Government.[9]
GDP per capita is close to the average for European economies, but the economy is critically dependent upon substantial support from the Danish government, which supplies about half the revenues of the Self-rule Government, which in turn employs 10,307 Greenlanders[11] out of 25,620 currently in employment (2015). Unemployment nonetheless remains high, with the rest of the economy dependent upon demand for exports of shrimp and fish.[12]
© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search