tusseqatigiit
(Candidate List, an independent right-of-center party with no
official platform [leader NA]; Siumut (Forward Party, a social
democratic party advocating more distinct Greenlandic identity and
greater autonomy from Denmark) [Jonathan MOTZFELDT]

Political pressure groups and leaders: NA

International organization participation: ICC, NC, NIB

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

Greenland Economy

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 (2000 est.)

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $20,000 (2000 est.)

GDP - composition by sector: agriculture: NA%

industry: NA%

services: NA%

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.)

Labor force: 24,500 (1999 est.)

Unemployment rate: 7% (1999 est.)

Budget: revenues: $646 million

expenditures: $629 million, including capital expenditures of $85
million (1999)

Industries: fish processing (mainly shrimp and Greenland halibut),
handicrafts, furs, small shipyards

Industrial production growth rate: NA%

Electricity - production: 250 million kWh (1999)

Electricity - production by source: fossil fuel: 41%

hydro: 59%

nuclear: 0%

other: 0%

note: Greenland is shifting its electricity production from fossil
fuel to hydroelectric power production (1999)

Electricity - consumption: 232.5 million kWh (1999)

Electricity - exports: 0 kW