cember 1990 (next to be held by
December 1994); Greenland elects two representatives to the Folketing;
results--percent of vote by party NA;
seats--(2 total) Siumut 1, Atassut 1

_#_Member of: NC

_#_Diplomatic representation: none (self-governing overseas
administrative division of Denmark)

_#_Flag: 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
_#_Overview: Over the past 25 years, the economy has changed from
one based on subsistence whaling, hunting, and fishing to one dependent
on foreign trade. Fishing is still the most important industry,
accounting for over 75% of exports and about 25% of the
population's income. Maintenance of a social welfare system similar to
Denmark's has given the public sector a dominant role in the economy.
In 1990, the economy became critically dependent on shrimp exports and an
annual subsidy (now about $355 million) from the Danish Government
because cod exports had fallen, the zinc and lead mine closed, and
a large promising platinum and gold mine was not yet operational.
Greenland has signed a contract for its largest construction project,
a power plant to supply the capital. To avoid a decline in the economy,
Denmark has agreed to pay 75% of the costs of running Sondrestrom
Airbase and Kulusuk Airfield as civilian bases after the US withdraws
in 1992.

_#_GNP: $500 million, per capita $9,000; real growth rate 5% (1988)

_#_Inflation rate (consumer prices): 4.4% (1989)

_#_Unemployment rate: 9% (1990 est.)

_#_Budget: revenues $381 million; expenditures $381 million, including
capital expenditures of $36 million (1989)

_#_Exports: $417 million (f.o.b., 1989 est.);

commodities--fish and fish products 78%, metallic ores and
concentrates 19%;

partners--Denmark 74%, FRG 11%, Sweden 6%

_#_Imports: $394 million (c.i.f., 1989 est.);

commodities--manufactured goods 36%, machinery and transport
equipment 26%, food products 13%, petroleum and petroleum products
10%;

partners--Denmark 69%, Norway, FRG, Japan, US, Sweden

_#_External debt: $480 million (1990 est.)

_#_Industrial production: growth rate NA%

_#_Electricity: 84,000 kW capacity; 176 million kWh produced,
3,180 kWh per capita (1989)

_#_Industries: fish processing (mainly shrimp), potential for
platinum and gold mining, handicrafts, shipyards