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| Economy overview | The economy remains critically dependent on exports of fish and substantial support from the Danish Government, which supplies about half of government revenues. The public sector, including publicly-owned enterprises and the municipalities, plays the dominant role in the economy. Despite several interesting hydrocarbon and minerals exploration activities, it will take several years before production can materialize. Tourism is the only sector offering any near-term potential, and even this is limited due to a short season and high costs. |
| GDP | purchasing power parity - $1.1 billion (2001 est.) |
| GDP - real growth rate | 1.8% (2001 est.) |
| GDP - per capita | purchasing power parity - $20,000 (2001 est.) |
| GDP - composition by sector |
agriculture: na industry: na services: na |
| Investment gross fixed | |
| Population below poverty line | NA |
| Household income or consumption by percentage share |
lowest 10%: na highest 10%: na |
| Distribution of family income - Gini index | |
| Inflation rate consumer prices | 1.6% (1999 est.) |
| Labor force | 24,500 (1999 est.) |
| Labor force by occupation | |
| Unemployment rate | 10% (2000 est.) |
| Budget |
revenues: $646 million expenditures: $629 million, including capital expenditures of $85 million (1999) |
| Public debt | |
| Agriculture products | forage crops, garden and greenhouse vegetables; sheep, reindeer; fish |
| Industries | fish processing (mainly shrimp and Greenland halibut), handicrafts, hides and skins, small shipyards, mining |
| Industrial production growth rate | NA |
| Electricity production | 245 million kWh (2001) |
| Electricity production by source |
fossil fuel: 100% note: greenland is shifting its electricity production from fossil fuel to hydropower production (2001) hydro: 0% other: 0% nuclear: 0% |
| Electricity consumption | 227.9 million kWh (2001) |
| Electricity exports | 0 kWh (2001) |
| Electricity imports | 0 kWh (2001) |
| Oil production | 0 bbl/day (2001 est.) |
| Oil consumption | 3,700 bbl/day (2001 est.) |
| Oil exports | NA (2001) |
| Oil imports | NA (2001) |
| Oil proved reserves | |
| Natural gas production | |
| Natural gas consumption | |
| Natural gas exports | |
| Natural gas imports | |
| Natural gas proved reserves | |
| Current account balance | |
| Exports | $388 million f.o.b. (2002) |
| Exports commodities | fish and fish products 94% (prawns 63%) |
| Exports partners | Denmark 64.7%, Japan 14.2%, China 4.4% (2003) |
| Imports | $445 million c.i.f. (2002) |
| Imports commodities | machinery and transport equipment, manufactured goods, food, petroleum products |
| Imports partners | Denmark 82.6%, Norway 7.5%, Sweden 3.5% (2003) |
| Reserves of foreign exchange gold | |
| Debt external | $25 million (1999) |
| Economic aid recipient | $380 million subsidy from Denmark (1997) |
| Currency | Danish krone (DKK) is the official legal tender. |
| Currency code | DKK |
| Exchange rates | Danish kroner per US dollar - 6.5877 (2003), 7.8947 (2002), 8.323 (2001), 8.083 (2000), 6.976 (1999) |
| Fiscal year | calendar year |
Introduction and Background to Greenland | Geography Of Greenland | People Of Greenland | Government Of Greenland | Communications Of Greenland | Transportation Of Greenland | Military Of Greenland | Transnational Issues Of Greenland
Greenlandic Flag Map Of Greenland Greenlangic language
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