Greenland - Country Code 299
IDD Code: 00
Country Code: 299
ISO: GL
ISO3: GRL
Helpful Information About Greenland
Time
Thursday, November 21, 2024
Capital: Nuuk
Time Zone
UTC-03:00
Time Difference
Nuuk, Greenland is ()
Daylight Savings Time
Greenland does not follow DST
Weather
Country Map
Country Flag
About Greenland Country NameGreenland
ContinentNorth America
Lat/Long71.70693600, -42.60430300
BackgroundGreenland, the world's largest island, is about 81% ice-capped. Vikings reached the island in the 10th century from Iceland; Danish colonization began in the 18th century, and Greenland became an integral part of the Danish Realm in 1953. It joined the European Community (now the EU) with Denmark in 1973 but withdrew in 1985 over a dispute centered on stringent fishing quotas. Greenland remains a member of the Overseas Countries and Territories Association of the EU. Greenland was granted self-government in 1979 by the Danish parliament; the law went into effect the following year. Greenland voted in favor of increased self-rule in November 2008 and acquired greater responsibility for internal affairs when the Act on Greenland Self-Government was signed into law in June 2009. Denmark, however, continues to exercise control over several policy areas on behalf of Greenland, including foreign affairs, security, and financial policy in consultation with Greenland's Self-Rule Government.
Population57,728 (July 2016 est.)
LanguagesGreenlandic (East Inuit) (official), Danish (official), English
ReligionsEvangelical Lutheran, traditional Inuit spiritual beliefs
Ethnic GroupsInuit 88%, Danish and other 12% (2010 est.)
Economy
EconomyGreenland’s economy depends on exports of shrimp and fish, and on a substantial subsidy from the Danish Government. Fish account for over 90% of its exports, subjecting the economy to fluctuations in world demand. The subsidy from the Danish Government is budgeted to be about $535 million in 2017, more than 50% of government revenues, and 25% of GDP.
The economy is expanding after a period of decline. In 2016 the economy grew 4.6% compared to 1.1% in 2015 and negative growth in the years 2013-14. For 2017 the economy is expected to continue to expand at a more subdued rate. The expansion has been driven by larger quotas for shrimp, the predominant Greenlandic export, and also by increased activity in the construction sector, especially in Nuuk, the capital, where the harbor is being enlarged and a prison is under construction. Private consumption and tourism also are contributing to GDP growth more than in previous years. Tourism in Greenland has grown annually around 20% in 2015 and 2016, largely a result of increasing numbers of cruise lines now operating in Greenland's western and southern waters during the peak summer tourism season.
The public sector, including publicly owned enterprises and the municipalities, plays a dominant role in Greenland's economy. During the last decade the Greenland Home Rule Government pursued conservative fiscal and monetary policies, but public pressure has increased for better schools, health care, and retirement systems. The budget was in deficit in 2014 and 2016, but public debt remains low at about 5% of GDP. The government plans a balanced budget for the 2017 – 2020 period.
Significant challenges face the island, including low levels of qualified labor, geographic dispersion, lack of industry diversification, the long-term sustainability of the public budget, and a declining population due to emigration. Catches in fisheries have been declining in recent years. Hydrocarbon exploration has ceased with declining oil prices and currently only three mines are under development. The island has potential for natural resource exploitation with rare-earth, uranium, and iron ore mineral projects proposed.
The economy is expanding after a period of decline. In 2016 the economy grew 4.6% compared to 1.1% in 2015 and negative growth in the years 2013-14. For 2017 the economy is expected to continue to expand at a more subdued rate. The expansion has been driven by larger quotas for shrimp, the predominant Greenlandic export, and also by increased activity in the construction sector, especially in Nuuk, the capital, where the harbor is being enlarged and a prison is under construction. Private consumption and tourism also are contributing to GDP growth more than in previous years. Tourism in Greenland has grown annually around 20% in 2015 and 2016, largely a result of increasing numbers of cruise lines now operating in Greenland's western and southern waters during the peak summer tourism season.
The public sector, including publicly owned enterprises and the municipalities, plays a dominant role in Greenland's economy. During the last decade the Greenland Home Rule Government pursued conservative fiscal and monetary policies, but public pressure has increased for better schools, health care, and retirement systems. The budget was in deficit in 2014 and 2016, but public debt remains low at about 5% of GDP. The government plans a balanced budget for the 2017 – 2020 period.
Significant challenges face the island, including low levels of qualified labor, geographic dispersion, lack of industry diversification, the long-term sustainability of the public budget, and a declining population due to emigration. Catches in fisheries have been declining in recent years. Hydrocarbon exploration has ceased with declining oil prices and currently only three mines are under development. The island has potential for natural resource exploitation with rare-earth, uranium, and iron ore mineral projects proposed.
GDP$2.221 billion (2011 est.)
CurrencyKrone
Communications
Internet TLD.gl
Internet Users39,000
Land Lines16,000
Mobile Phones61,000
Broadcast MediaThe Greenland Broadcasting Company provides public radio and TV services throughout the island with a broadcast station and a series of repeaters; a few private local TV and radio stations; Danish public radio rebroadcasts are available (2015)