The economic architecture of Greenland is substantial, anchored by a Gross Domestic Product (GDP) of approximately $3.24B
2021
On a per capita basis, GDP stands at $57.12K
2021
, while its GDP adjusted for Purchasing Power Parity (PPP) is estimated at $3.86B, offering a clearer picture of the population's domestic purchasing power. The economy is navigating a period of modest growth, recorded at 1.3%
2021
On the global stage, Greenland's trade and financial dynamics reveal a complex interplay of international and domestic factors. The nation's economic activity is heavily reliant on foreign goods, running a considerable trade deficit with imports at 49.7% of GDP and exports at 35.4%
2021
.
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $34,800
2007
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 11.7%
2022
Total greenhouse gas emissions were last recorded at 647.3 tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

The orientation towards global trade and foreign investment is a defining feature of the economic landscape.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

The transition to a sustainable energy framework is paramount for mitigating climate risk and securing future energy needs.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.