56375
Greenlandic (East Inuit) (official), Danish (official), English
NUUK (capital) 17,000 (2014)
- Conventional long form
- none
- Conventional short form
- Greenland
- Local long form
- none
- Local short form
- Kalaallit Nunaat
parliamentary democracy (Parliament of Greenland); part of the Kingdom of Denmark
- Name
- Nuuk
- Geographic coordinates
- 64 11 N, 51 45 W
- Time difference
- UTC-3 (2 hours ahead of Washington, DC, during Standard Time)
- Daylight saving time
- +1hr, begins last Sunday in March; ends last Sunday in October
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 fluctuations in world demand. The subsidy from the Danish Government is budgeted to be about $535 million in 2017, more than 50% of government revenues, and 25% of GDP.
- Inflation
- None%
- Total tax rate (% of commercial profits)
- None%
- Real Interest Rate
- None%
- Manufacturing, value added (% of GDP)
- None%
- Current Account Balance
- US$
- Labor Force, Total
- Employment in Agriculture
- %
- Employment in Industry
- %
- Employment in Services
- %
- Unemployment Rate
- %
- Imports of goods and services
- US$
- Exports of goods and services
- US$
- Total Merchandise Trade
- %
- FDI, net inflows
- US$
- Commercial Service Exports
- US$
sheep, cow, reindeer, fish
fish processing (mainly shrimp and Greenland halibut); gold, zinc, anorthosite and ruby mining; handicrafts, hides and skins, small shipyards
- Commodities
- fish and fish products 91% (2015 est.)
- Partners
- Denmark 76%, Portugal 9.7%, Iceland 4.2% (2015)
- Commodities
- machinery and transport equipment, manufactured goods, food, petroleum products
- Partners
- Denmark 71%, Sweden 12.7%, Iceland 5.1% (2015)