Greenland’s economy depends on exports of shrimp and fish, and on a substantial subsidy from the Danish Government. Fish account for over 90% of its exports, subjecting the economy to price fluctuations. The subsidy from the Danish Government is budgeted to be about $535 million in 2017, more than 50% of government revenues, and 25% of GDP. The economy is expanding after a period of decline. In 2016 the economy grew 4.6% compared to 1.1% in 2015 and negative growth in the years 2013-14. For 2017 the economy is expected to continue to expand at a more subdued rate. The...
|Real Gross Domestic Product||2016||15,880,400,000||14,750,100,000||NCU||Annual|
|Nominal Gross Domestic Product||2016||18,215,300,000||16,955,700,000||NCU||Annual|
|Death Rate||2016||8.7||# per Ths. pop.||Annual|
|Birth Rate||2015||15.2||14.3||# per Ths. pop.||Annual|