The Economy of Greenland can be characterized as small, mixed and vulnerable. The present economy consists of a big public sector and comprehensive foreign trade, which has resulted in an economy with periods of strong growth, considerable inflation, unemployment problems and extreme dependence on capital inflow from Denmark and use of outside, mainly Danish, skilled labor.
GDP per capita is similar to the average European economies but the economy is critically dependent upon substantial support from the Danish government, which supplies about half the revenues of the home rule government who in turn employ about 8,000 Greenlanders out of a labor force of 40,156 (Jan. 2012). Unemployment nonetheless remains high, with the rest of the economy dependent upon demand for exports of shrimp and fish.
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