Greenlandic economy - Booming economy and severe labour shortages

Analysis - November 2021 - No. 26

Authors Bjerregaard, Søren
Subject Greenlandic economy
Type Analysis
Year 2021
Published 3 November 2021
Abstract icon Greenland has fared better than most countries in weathering the covid-19 pandemic. Labour shortages are severe, and the risk of overheating of the economy has increased. Nuuk is experiencing the strongest labour market pressures, while South and East Greenland are experiencing the lowest. Large-scale infrastructure investments will cause debts of the government of Greenland, local government and government-owned companies to grow considerably over the coming years.