Economy ofGreenland
Colorful-nuuk2.jpg
Nuuk skyline at night
CurrencyDanish krone (DKK, kr.)
Fiscal year
calendar year
Country group
High-income economy
Statistics
PopulationIncrease 56,367 (2020)
GDP
  • Increase $2.714 billion (nominal, 2016)
  • Increase $2.413 billion (PPP, 2015 est.)
GDP rank
  • — (nominal, 2017)
  • — (PPP, 2015)
GDP growth
  • −2.5% (2015) 4.7% (2016)
  • 0.5% (2017) 3.2% (2018)
GDP per capita
  • Increase $48,296 (nominal, 2016)
  • Increase $41,800 (PPP, 2015 est.)
GDP per capita rank
  • — (nominal, 2017)
  • — (PPP, 2015)
GDP by sector
  • agriculture: 15.9%
  • industry: 10.1%
  • services: 73.9%
  • (2015 est.)
Population belowpoverty line
16.2% (2015 est.)
Gini coefficient
Positive decrease 33.9medium(2015 est.)
Human Development Index
  • 0.786high(2010)
  • (N/A rank, non-UN member)
Labour force
  • 26,840 (2015 est.)
  • Increase 60% employment rate (2015)
Labour force by occupation
  • agriculture: 15.9%
  • industry: 10.1%
  • services: 73.9%
  • (2015 est.)
UnemploymentPositive decrease 9.1% (2015 est.)
Main industries
fish processing (mainly shrimp and Greenland halibut); Oil, gold, niobium, tantalite, uranium, iron, and diamond mining; handicrafts, hides, skins, small shipyards
External
ExportsDecrease $407.1 million (2015 est.)
Export goods
fish and fish products 91% (2015 est.)
Main export partners
  •  Denmark 82.5%
  •  Iceland 4.4%
  • (2017)
ImportsDecrease $783.5 million (2015 est.)
Import goods
machinery and transport equipment, manufactured goods, food, petroleum products
Main import partners
  •  Denmark 69.7%
  •  Sweden 10.5%
  • (2017)
Grossexternal debt
Positive decrease $36.4 million (2010)
Public finances
Public debt
13% of GDP (2015 est.)
Budget balance
+5.6% (of GDP) (2016 est.)
Revenues1.719 billion (2016 est.)
Expenses1.594 billion (2016 est.)
Economic aid$650 million subsidy from the Kingdom of Denmark (2012)
Main data source:CIA World Fact Book
All values, unless otherwise stated, are in US dollars.