Ivan Kushnir

Economy of Greenland - Economy in Countries Ivan Kushnir

This book about the economy of Greenland from the 1970s to the 2010s. Source data from UN Data.

Size. In the 2010s, the gross domestic product of Greenland was equal to $2.7 billion per year; the value of agriculture was $461.9 million; the value of manufacturing was $121.0 million. Since the share in the world is less than .01%, the country is classified as a micro economy.

Productivity. In the 2010s, the GDP per capita was $48 556.4, the value of agriculture per capita was $8 176.1, the value of manufacturing per capita was $2 141.9. Since the productivity is greater the average above average, the economy is classified as high developed.

Growth. In the 2010s, the growth of GDP was 1.4%; the growth of agriculture was 1.7%; the growth of manufacturing was 5.0%.

Structure. In the 2010s, the economy of Greenland consisted of: services (41.7%), agriculture (17.4%), transportation (12.3%), trade (10.4%), construction (9.8%), and industry (8.4%).

Export and import. In the 2010s, the import was 44.1% higher than the export, the net import was equal to 17.1% of the GDP. The technological structure of export is not better than the structure of import.

Consumption and reproduction. The attitude of reproduction to the consumption is better than the global average, so the share of GDP in the world will increase.