Strong growth, but reforms are required

Analysis - October 2019 – No.  21

Authors Christensen, Anders Møller
Subject Greenlandic economy; International Economy; Other countries; Other economic analyses
Type Analysis
Year 2019
Published 31 October 2019
Growth has been high for some years, a trend that is set to continue. This is mainly attributable to fisheries. Unemployment is very low, and large-scale airport investments in the coming years will increase pressures in the labour market. Despite government surpluses and modest government debt, there is a need to develop a broader business sector and strengthen government finances substantially in the coming years.