Economy of Greenland
An overview of key economic indicators. Select a category for detailed trends, charts, and insights.
Explore Economic Domains
Growth & Output
Trade & Finance
Labor & Income
Energy & Environment
Economic Snapshot Overview
A summary of key economic indicators for Greenland
- The economic architecture of Greenland is substantial, anchored by a Gross Domestic Product (GDP) of approximately $3.24B2021On a per capita basis, GDP stands at $57.12K2021, while its GDP in Purchasing Power Parity (PPP) terms is estimated at $3.86B, reflecting the population's domestic purchasing power. The economy is seeing modest growth of 1.3%2021,
- On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The nation runs a trade deficit, with exports at 35.4% of GDP and imports at 49.7%2021.
- The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $34,8002007
- On the environment and energy front, The energy mix is still heavily reliant on traditional sources, with renewables contributing 11.7%2022
Key Economic Insights
Macroeconomic Health
Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.
Trade & Investment Profile
The degree of openness to trade and foreign investment is a major determinant of economic structure and resilience.
Social Equity & Distribution
Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.
Energy & Sustainability
Transitioning to a sustainable energy model is critical for mitigating climate risk and ensuring long-term energy security.
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.