Currency | Danish krone (DKK, kr.) |
---|---|
calendar year | |
Country group | High-income economy[1] |
Statistics | |
Population | 56,653 (2021)[2] |
GDP | |
GDP rank | |
GDP growth | 2.8% (2019) 0.2% (2020) 1.3% (2021)[3] |
GDP per capita | |
GDP per capita rank | |
GDP by sector |
|
Population below poverty line | 16.2% (2015 est.)[4] |
33.9 medium (2015 est.)[4] | |
| |
Labour force | |
Labour force by occupation |
|
Unemployment | 9.1% (2015 est.)[4] |
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 | $1.49 billion (2022)[7] |
Export goods | fish and fish products[7] |
Main export partners |
|
Imports | $1.05 billion (2022)[7] |
Import goods | machinery and transport equipment, manufactured goods, food, petroleum products |
Main import partners |
|
Gross external debt | $36.4 million (2010)[4] |
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.[8] Greenland's economy consists of a large public sector and comprehensive[9] 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.[8]
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