Greenlandic economy - Strong growth and labour shortages

Analysis - November 2018 - No. 20

Authors Christensen, Anders Møller
Subject Greenlandic economy; International Economy; Other countries; Other economic analyses
Type Analysis
Year 2018
Published 28 November 2018
Economic growth in Greenland is high these years, and this is set to continue. The main reasons are high fish prices and larger catches. Fisheries are mainly sustainable. Unemployment is low and the risk of overheating high. Consequently, there is a need for tight fiscal policy, and large-scale investments in airports should preferably be implemented gradually. Long-term economic development requires a broader business sector, a labour force with higher qualifications and increased productivity.