The Economy of Greenland suffered negative growth in the early 1990s, but since 1993 the economy has improved. The Greenland Home Rule Government (GHRG) has pursued a tight fiscal policy since the late 1980s which has helped create surpluses in the public budget and low inflation. Since 1990, Greenland has registered a foreign trade deficit following the closure of the last remaining lead and zinc mine in 1990.

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dbpprop:abstract
  • The Economy of Greenland suffered negative growth in the early 1990s, but since 1993 the economy has improved. The Greenland Home Rule Government (GHRG) has pursued a tight fiscal policy since the late 1980s which has helped create surpluses in the public budget and low inflation. Since 1990, Greenland has registered a foreign trade deficit following the closure of the last remaining lead and zinc mine in 1990. The economy remains critically dependent on exports of fish, whaling and textiles 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. Companies are exploring hydrocarbon and mineral deposits. There have been several offshore licensing rounds since 2002 with a number of successful bids by multinational oil companies in partnership with NUNAOIL the state oil company for blocks. Press reports in early 2007 indicated that two international aluminum companies were considering building smelters in Greenland to take advantage of local hydropower potential. Tourism is the only sector offering any near-term potential, and even this is limited due to a short season and high costs. Air Greenland and Continental Airlines used to have direct flights to the U.S. east coast from May 2007 to April 2008 but these are now discontinued. GDP: official exchange rate - $1 700 million (2005) Agriculture - products: forage crops, garden vegetables; sheep, reindeer; fish Electricity - production: 295 million kWh (2004) Electricity - consumption: 274.4 million kWh (2004) Electricity - production by source: fossil fuel: Electricity - exports: 0 kWh (2004) Electricity - imports: 0 kWh (2004) Oil - production: 0 bbl/day (2004 est. ) Oil - consumption: 3,860 bbl/day (2004 est. ) Exchange rates: Danish kroner (DKr) per US$1 - 4.707 (2008),5.9468 (2006), 5.669 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001), 7.336 (January 2000), 6.976 (1999), 6.701 (1998), 6.604 (1997), 5.799 (1996), 5.602 (1995)
  • Groenlandia sufrió una contracción económica a principio de los 90, pero desde 1993 la economía ha mejorado constantemente. El gobierno ha seguido una firme política fiscal desde finales de la década de 1980, lo cual ha ayudado a crear excedentes en el presupuesto público además de una baja inflación. Desde 1990 el país ha registrado un déficit en el intercambio económico con el exterior, seguido de la clausura de la última y principal mina de zinc en 1990. En la actualidad, la economía depende principalmente de la pesca y de la exportación de pescado; la exportación de camarón es la mayor fuente de entrada de divisas.
  • L'économie du Groenland est très fortement dépendante des exportations de la pêche et des aides du Royaume du Danemark auquel il appartient.
  • L'Economia della Groenlandia ha sofferto di una crescita negativa nei primi anni Novanta, ma dal 1993 l'economia è stata migliorata. Il Greenland Home Rule Government (GHRG) ha perseguito una rigida politica fiscale fin dai tardi anni Ottanta, che ha aiutato la creazione di surplus nel budget pubblico e una bassa inflazione. Fin dal 1990, la Groenlandia ha registrato un calo delle esportazioni a seguito della chiusura delle ultime miniere di piombo e zinco. Oggi la Groenlandia è fortemente dipendente dalla pesca e dall'esportazione del pesce; la pesca del gambero è di gran lunga la più importante fonte di reddito. Nonostante la scoperta di giacimenti di idrocarburi e vari minerali, ci vorranno alcuni anni prima che possano essere estratti. Solo il turismo offre guadagno a breve termine e anche questo è limitato dalla breve stagione turistica e dagli alti costi. Il settore pubblico, che include le aziende di dominio pubblico e i comuni, ha un ruolo dominante nell'economia groenlandese. Circa metà del reddito del governo della Groenlandia viene dai sussidi spediti dalla Danimarca, una parte importante del PIL.
dbpprop:cianame
  • gl
dbpprop:country
  • Greenland
dbpprop:currency
  • 1 Danish krone (DKr) = 100 øre
dbpprop:debt
  • 25000000
dbpprop:exportGoods
  • fish and fish products 94%
dbpprop:exportPartners
dbpprop:exports
  • $404 million f.o.b. (2005 est.)
dbpprop:gdp
  • 1100000000
dbpprop:growth
  • 2
dbpprop:hasPhotoCollection
dbpprop:importGoods
  • machinery and transport equipment, manufactured goods, food and live animals, contraceptive devices, petroleum products
dbpprop:importPartners
dbpprop:imports
  • $599 million c.i.f. (2005 est.)
dbpprop:industries
dbpprop:labor
  • 32120 (xsd:integer)
dbpprop:perCapita
  • 20000
dbpprop:rank
  • 193 (xsd:integer)
dbpprop:revenue
  • 1360000000
dbpprop:wikiPageUsesTemplate
dbpprop:year
  • calendar year
rdfs:comment
  • The Economy of Greenland suffered negative growth in the early 1990s, but since 1993 the economy has improved. The Greenland Home Rule Government (GHRG) has pursued a tight fiscal policy since the late 1980s which has helped create surpluses in the public budget and low inflation. Since 1990, Greenland has registered a foreign trade deficit following the closure of the last remaining lead and zinc mine in 1990.
  • Groenlandia sufrió una contracción económica a principio de los 90, pero desde 1993 la economía ha mejorado constantemente. El gobierno ha seguido una firme política fiscal desde finales de la década de 1980, lo cual ha ayudado a crear excedentes en el presupuesto público además de una baja inflación. Desde 1990 el país ha registrado un déficit en el intercambio económico con el exterior, seguido de la clausura de la última y principal mina de zinc en 1990.
  • L'économie du Groenland est très fortement dépendante des exportations de la pêche et des aides du Royaume du Danemark auquel il appartient.
  • L'Economia della Groenlandia ha sofferto di una crescita negativa nei primi anni Novanta, ma dal 1993 l'economia è stata migliorata. Il Greenland Home Rule Government (GHRG) ha perseguito una rigida politica fiscale fin dai tardi anni Ottanta, che ha aiutato la creazione di surplus nel budget pubblico e una bassa inflazione. Fin dal 1990, la Groenlandia ha registrato un calo delle esportazioni a seguito della chiusura delle ultime miniere di piombo e zinco.
rdfs:label
  • Economy of Greenland
  • Economía de Groenlandia
  • Économie du Groenland
  • Economia della Groenlandia
owl:sameAs
skos:subject
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