ic party
advocating more distinct Greenlandic identity and greater autonomy
from Denmark)

Political pressure groups and leaders:

other: conservationists; environmentalists

International organization participation:

Arctic Council, 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 a
substantial subsidy 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. Several interesting hydrocarbon and mineral exploration
activities are ongoing. Press reports in early 2007 indicated that
two international aluminum companies were considering building
smelters in Greenland to take advantage of local hydropower
potential. Tourism is the only sector offering any near-term
potential, and even this is limited due to a short season and high
costs. Air Greenland began summer-season direct flights to the US
east coast in May 2007, potentially opening a major new tourism
market.

GDP (purchasing power parity):

$1.1 billion (2001 est.)

GDP (official exchange rate):

$1.7 billion (2005)

GDP - real growth rate:

2% (2005 est.)

GDP - per capita (PPP):

$20,000 (2001 est.)

GDP - composition by sector:

agriculture: NA%
industry: NA%
services: NA%

Labor force:

32,120 (2004)

Unemployment rate:

9.3% (2005 est.)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Budget:

revenues: $1.36 billion
expenditures: $1.27 billion (2005)

Fiscal year:

calendar year

Inflation rate (consumer prices):

1% (2005 est.)

Agriculture - products:

forage crops, garden and greenhouse vegetables; sheep, reindeer; fish

Industries:

fish processing (mainly shrimp and Greenland halibut); gold,
niobium, tantalite, uranium, iron and diamond mining; handicrafts,
hides and skins, s