mine in 1989, Greenland became almost completely
dependent on fishing and fish processing, the sector accounting for
95% of exports. Prospects for fisheries are not bright, as the
important shrimp catches will at best stabilize and cod catches have
dropped. Resumption of mining and hydrocarbon activities is not around
the corner, thus leaving only tourism with some potential for the near
future. The public sector in Greenland, i.e., the central government
and its commercial entities and the municipalities, plays a dominant
role in Greenland accounting for about two-thirds of total employment.
About half the government's revenues come from grants from the Danish
Government.

National product: GDP - purchasing power parity - $NA

National product real growth rate: NA%

National product per capita: $NA

Inflation rate (consumer prices): 1.3% (1993 est.)

Unemployment rate: 6.6% (1993 est.)

Budget:
revenues: $667 million
expenditures: $635 million, including capital expenditures of $103.8
million (1993 est.)

Exports: $330.5 million (f.o.b., 1993 est.)
commodities: fish and fish products 95%
partners: Denmark 79%, Benelux 9%, Germany 5%

Imports: $369.6 million (c.i.f., 1993 est.)
commodities: manufactured goods 28%, machinery and transport equipment
24%, food and live animals 12.4%, petroleum products 12%
partners: Denmark 65%, Norway 8.8%, US 4.6%, Germany 3.8%, Japan 3.8%,
Sweden 2.4%

External debt: $297.1 million (1993)

Industrial production: growth rate NA%

Electricity:
capacity: 84,000 kW
production: 210 million kWh
consumption per capita: 3,361 kWh (1993)

Industries: fish processing (mainly shrimp), lead and zinc mining,
handicrafts, some small shipyards, potential for platinum and gold
mining

Agriculture: sector dominated by fishing and sheep raising; crops
limited to forage and small garden vegetables; 1988 fish catch of
133,500 metric tons

Economic aid: none

Currency: 1 Danish krone (DKr) = 100 oere

Exchange rates: Danish kroner (DKr) per US$1 - 6.034 (January 1995),
6.361 (1994), 6.484 (1993), 6.036 (1992), 6.396 (1991), 6.189 (1990)

Fiscal year: calendar year

@Greenland:Transportation

Railroads: 0 km

Highways:
total: 150 km
paved: 60 km
unpaved: 90 km

Ports: Faeringehavn, Frederikshaab, Holsteinsborg, Nanortalik, Narsaq,
Nuuk (Godthaab), Sondrestrom

Merchant marine: none

Airports:
total: 10
with paved