party with no official platform [leader NA]; Siumut (Forward Party,a social democratic party advocating more distinct Greenlandic
identity and greater autonomy from Denmark) [Hans ENOKSEN]
Political pressure groups and leaders:
NA
International organization participation:
NC, NIB, UPU
Diplomatic representation in the US:
none (self-governing overseas administrative division of Denmark)
Diplomatic representation from the US:
none (self-governing overseas administrative division of Denmark)
Flag description:
two equal horizontal bands of white (top) and red with a large disk
slightly to the hoist side of center - the top half of the disk is
red, the bottom half is white
Economy Greenland
Economy - overview:
The economy remains critically dependent on exports of fish 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. Despite several interesting
hydrocarbon and minerals exploration activities, it will take
several years before production can materialize. Tourism is the only
sector offering any near-term potential, and even this is limited
due to a short season and high costs.
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%
Labor force:
24,500 (1999 est.)
Unemployment rate:
10% (2000 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices):
1.6% (1999 est.)
Budget:
revenues: $646 million
expenditures: $629 million, including capital expenditures of $85
million (1999)
Agriculture - products:
forage crops, garden and greenhouse vegetables; sheep, reindeer;
fish
Industries:
fish processing (mainly shrimp and Greenland halibut); gold,
niobium, tantalite, uranium, iron and diamond mining; handicrafts,
hides and skins, small shipyards
Industrial production growth rate:
NA%
Electricity - production:
245 million kWh (2002)
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 (2002)
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (2002)
Oil - production:
0 bbl/day (2001 est.)
Oil - consumption:
3,700 bbl/day (2001 est.)
Oil - exports:
NA
Oil - imports:
NA
Exports:
$388 million f.o.b. (2002)
Exports - commodities:
fish and fish products 94% (prawns 63%)
Exports - partners:
Denmark 63.8%, Japan 12.6%, China 3.9% (2004)
Imports:
$445 million c.i.f. (2002)
Imports - commodities:
machinery and transport equipment, manufactured goods, food,
petroleum products
Imports - partners:
Denmark 78.7%, Sweden 11.9%, Norway 2.7% (2004)
Debt - external:
$25 million (1999)
Economic aid - recipient:
$380 million subsidy from Denmark (1997)
Currency (code):
