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- Greenland's economy is small, mixed and vulnerable1. It consists of a large public sector and comprehensive foreign trade, which has resulted in an economy with periods of strong growth, considerable inflation, unemployment problems and extreme dependence on capital inflow from the Kingdom Government1. Greenland's economy depends on exports of shrimp and fish, which account for over 90% of its exports, subjecting the economy to price fluctuations2. The economy also depends on a substantial subsidy from the Danish Government, which is budgeted to be about $535 million in 2017, more than 50% of government revenues, and 25% of GDP2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The economy of Greenland is characterized as small, mixed and vulnerable. Greenland 's economy consists of a large public sector and comprehensive foreign trade. This has resulted in an economy with periods of strong growth, considerable inflation, unemployment problems and extreme dependence on capital inflow from the Kingdom Government.en.wikipedia.org/wiki/Economy_of_GreenlandGreenland’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.www.countryreports.org/country/Greenland/econo…
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Economy of Greenland - Wikipedia
The economy of Greenland is characterized as small, mixed and vulnerable. Greenland's economy consists of a large public sector and comprehensive foreign trade. This has resulted in an economy with periods of strong growth, considerable inflation, unemployment problems and extreme dependence on … See more
Except for an abortive royal colony established under Major Claus Paarss between 1728 and 1730, colonial Greenland was administered by companies under … See more
• Laust Høgedahl (ed.). 2021. Greenland's Economy and Labour Markets. Routledge. See more
The Greenland economy is extremely dependent on exports of fish and on support from the Danish Government, which supplies about half of government revenues. The public … See more
Wikipedia text under CC-BY-SA license Greenland - The World Factbook
Oct 29, 2024 · Introduction. Background. Greenland, the world's largest island, is about 80% ice capped. The Inuit came to Greenland from North America in a series of migrations that stretched from 2500 BC to the11th century.
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