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Economy Greenland
Flag of Greenland Greenland
Population: 56,384 (July 2004 est.)
Capital: Nuuk (Godthab)
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Tabular Data - The Greenlander Economy

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
Inflation Rate (Consumer Prices) : 1.6% (1999 est.)
Labor Force : 24,500 (1999 est.)
Budget : revenues: $646 million
expenditures: $629 million, including capital expenditures of $85 million (1999)
Industries : fish processing (mainly shrimp and Greenland halibut), handicrafts, hides and skins, small shipyards, mining
Electricity - Production : 245 million kWh (2001)
Electricity - Production by Source : fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0%
note: Greenland is shifting its electricity production from fossil fuel to hydropower production (2001)
Electricity - Consumption : 227.9 million kWh (2001)
Agriculture - Products : forage crops, garden and greenhouse vegetables; sheep, reindeer; fish
Exports : $388 million f.o.b. (2002)
Exports - Commodities : fish and fish products 94% (prawns 63%)
Exports - Partners : Denmark 66.8%, Japan 14.3%, China 4.5% (2003 est.)
Imports : $445 million c.i.f. (2002)
Imports - Commodities : machinery and transport equipment, manufactured goods, food, petroleum products
Imports - Partners : Denmark 81.5%, Norway 8.5%, Sweden 3% (2003 est.)
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

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Data Source: Central Intelligence Agency 2004 World Factbook