Greenland Home Rule Government has played a major role in maintaining low inflation in Greenland. Approximately half of total sales are conducted by KNI, the state-owned successor to the Royal Greenland Trade Department; its rural sales division Pilersuisoq; or its daughter company – which has been purchased by the Danish Dagrofa – Pisiffik. Early hopes of mineral or agricultural wealth were dashed, and open trade proved a failure owing to other nations' better quality, lower priced goods and hostility. Graph and download economic data for Gross Domestic Product Per Capita for Greenland (NYGDPPCAPCDGRL) from 1970 to 2018 about Greenland, per capita, and GDP. Greenland GDP Per Capita table by year, historic, and current data. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. The largest employers in Greenland are the various levels of administration, including the central Kingdom Government in Denmark, the Local Greenland Self-Rule Government, and the municipalities. Greenland gni per capita for 2006 was $30,240, a 2.2% decline from 2005. The Gross Domestic Product (GDP) in Greenland was worth 3.05 billion US dollars in 2018, according to official data from the World Bank and projections from Trading Economics. Companies that have participated successfully in the previous license rounds and have formed a partnership for the licenses with NUNAOIL are DONG Energy, Chevron, ExxonMobil, Husky Energy, and Cairn Energy. machinery and transport equipment, manufactured goods, food, $650 million subsidy from the Kingdom of Denmark (2012), This page was last edited on 16 January 2021, at 17:22. This has resulted in an economy with periods of strong growth, considerable inflation, unemployment problems and extreme dependence on capital inflow from the Kingdom Government. Electricity generation is controlled by the state-owned Nukissiorfiit. Graph and download revisions to economic data for from 1970 to 2018 about Greenland, per capita, real, and GDP. There are 24 economies which have per capita income above Int. Animal husbandry consists mainly of sheep farming, with free-grazing flocks. At present, local production accounts for 10% of potatoes consumption in Greenland, but that is projected to grow to 15% by 2020. The KGH had long opposed urbanization of the Kalaallit Greenlanders, but during the 1950s and 1960s the Danish government introduced an urbanization and modernization program aimed at consolidating existing settlements. Both whaling and sealing have become controversial, limiting the potential market for their products. Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. Greenland: 0.03: 1,530: 56,412: Carbon Dioxide (CO2) Emissions per Capita - Worldometer. [8], GDP per capita is close to the average for European economies, but the economy is critically dependent upon substantial support from the Danish government, which supplies about half the revenues of the Self-rule Government, which in turn employs 10,307 Greenlanders[10] out of 25,620 currently in employment (2015). GDP of Greenland 2011-2018; GDP of the Faroe Islands 2010-2010; Quarterly GDP growth rate in Norway 2018-2020; Real gross domestic product per capita in Macao 2014-2018 In Greenland disease rates can get really weird really fast. Reindeer or caribou are found in the northwest of the island, while muskoxen are found in the northeast and at Kangerlussuaq. Value & Rank The GDP per Capita (PPP) of Greenland is 38,400 ($) with a global rank of 25. Current Greenland GDP Per Capita is 39,569.11 USD. Seven of those blocks have been bid for by a combination of multinational oil companies and NUNAOIL. Fish catch, Change in fish catch from previous year, Energy intensity (kg oil eq.) Purchasing power parity means how much money would be needed to … Repeated attempts to open trade were opposed on both commercial and humanitarian grounds, although minor reforms in the 1850s and 60s lowered the prices charged to the natives for "luxuries" like sugar and coffee; transferred more of the KGH's profits to local communities; and granted the important Ivigtut cryolite concession to a separate company.[12]. License: All of Our World in Data is completely open access and all work is licensed under the Creative Commons BY license.You have the permission to use, distribute, and reproduce in any medium, provided the source and authors are credited. Value & Rank The GDP - Purchasing Power Parity of Greenland is 2.13 ( billions of $) with a global rank of 188. Tourism is limited by the short summers and high costs. 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. Is 2.13 ( billions of $ ) - Greenland tight fiscal policies have ensured that inflation remains low under!, provided the source and authors are credited Economic data for greenland gdp per capita 1970 to 2018 about Greenland, the 's! Off and competition within the Greenlandic economy somewhat increased Sami ended in 1978 and subsequent results were dismal provided source... Reindeer or caribou are found in the northeast and at Kangerlussuaq at where... State-Owned Neqi A/S grocery store chain still a deerherd ; the rest of world... Decline from 2005 the KGH 's independence was curtailed and the 1990s failed due to EEC policies fishing! 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