Economy of Greenland

Imports

Imports commoditiesmachinery and transport equipment, manufactured goods, food, petroleum products

Import partnersDenmark 65.4%, Sweden 17.5%, Netherlands 5.5% (2012)

Exports

Exports commoditiesfish and fish products 89%, metals 10% (2008)

Export partnersDenmark 60.4%, Japan 14.6%, China 7.9% (2012)

Economy sectors

Agriculture productsforage crops, garden and greenhouse vegetables; sheep, reindeer; fish

Industrial productsfish processing (mainly shrimp and Greenland halibut); gold, niobium, tantalite, uranium, iron and diamond mining; handicrafts, hides and skins, small shipyards

Economy

GDP - Official Exchange Rate2.16 Billion $ (2011)1.27 Billion $ (2009)2.03 Billion $ (2008)

GDP - Official Exchange Rate of Greenland

GDP growth rate3.00 % (2011)2.00 % (2010)-1.20 % (2009)

GDP per Capita (PPP)38,400 $ (2008)36,600 $ (2007)20,000 $ (2001)

GDP - Purchasing Power Parity2.13 Billion $ (2011)2.07 Billion $ (2010)2.03 Billion $ (2009)

GDP - Purchasing Power Parity of Greenland

GDP PPP per land area985 $ per square kilometer (2011)956 $ per square kilometer (2010)937 $ per square kilometer (2009)

Electricity

Electricity - installed generating capacity137 Thousand kW

GDP decomposition by sector

Agriculture % of GDP4.00 % (2009)

Industry % of GDP29.0 % (2009)

Services % of GDP67.0 % (2009)

Debt, Current Account Balance and Budget Deficit

Budget surplus (+) or deficit (-)1.90 % of GDP

External Debt (Total)36.4 Million $ (2010)58.0 Million $ (2009)25.0 Million $ (1999)

External Debt (Percentage of GDP)2.87 % of GDP (2010)4.58 % of GDP (2009)2.21 % of GDP (1999)

External Debt (Percentage of GDP) of Greenland

External Debt per Capita640 $ (2010)1,030 $ (2009)446 $ (1999)