The Economy of Greenland can be characterized as small, mixed and vulnerable. The present economy consists of a big public sector and comprehensive foreign trade, which has resulted in an economy with periods of strong growth, considerable inflation, unemployment problems and extreme dependence on capital inflow from Denmark and use of outside, mainly Danish, skilled labor.
GDP per capita is similar to the average European economies but the economy is critically dependent upon substantial support from the Danish government, which supplies about half the revenues of the home rule government who in turn employ about 8,000 Greenlanders out of a labor force of 40,156 (Jan. 2012). Unemployment nonetheless remains high, with the rest of the economy dependent upon demand for exports of shrimp and fish.
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“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
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