The Greenlandic economy - Pressure on the economy and growing need for reform

Analysis - November 2022 - No. 13

Authors Bjerregaard, Søren
Subject Greenlandic economy
Type Analysis
Year 2022
Published 24 November 2022
Abstract icon Greenland has a booming economy and a marked need for foreign labour. Price increases remain modest due to the country’s special energy infrastructure. Although the Greenlandic economy is doing well, the Greenlandic politicians need to address a number of major challenges if growth is to continue. Fiscal policy is clearly unsustainable in the longer term and, in future, public expenditure cannot be funded under the current taxation rules. There is a growing need for reform of, e.g., the tax system and the education system.