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%