Part 290

Judicial branch: High Court (Landsret)

Political parties and leaders: two-party ruling coalition; Siumut (Forward Party, a moderate socialist party that advocates more distinct Greenlandic identity and greater autonomy from Denmark), Lars Emil JOHANSEN, chairman; Inuit Ataqatigiit (IA) (Eskimo Brotherhood, a Marxist-Leninist party that favors complete independence from Denmark rather than home rule), Josef MOTZFELDT; Atassut Party (Solidarity, a more conservative party that favors continuing close relations with Denmark), Daniel SKIFTE; Akulliit Party, Bjarne KREUTZMANN; Issituup (Polar Party), Nicolai HEINRICH

Diplomatic representation in US: none (self-governing overseas administrative division of Denmark)

US diplomatic representation: none (self-governing overseas administrative division of Denmark)

Flag: two equal horizontal bands of white (top) and red with a large disk slightly to the hoist side of center - the top half of the disk is red, the bottom half is white

Economy -------

Economic overview: Greenland's economic situation at present is difficult. Unemployment is increasing, and prospects for economic growth in the immediate future are dim. Following the closing of the Black Angel lead and zinc mine in 1989, Greenland became almost completely dependent on fishing and fish processing, the sector accounting for 95% of exports. Prospects for fisheries are not bright, as the important shrimp catches will at best stabilize and cod catches have dropped. Resumption of mining and hydrocarbon activities is not around the corner, thus leaving only tourism with some potential for the near future. The public sector, i.e., the central government and its commercial entities and the municipalities, plays a dominant role in Greenland, accounting for about two-thirds of total employment. About half the government's revenues come from grants from the Danish Government, an important supplement of GDP.

GDP: purchasing power parity - $892 million (1995 est.)

GDP real growth rate: NA%

GDP per capita: $15,500 (1995 est.)

GDP composition by sector: agriculture: NA% industry: NA% services: NA%

Inflation rate (consumer prices): 1.3% (1993 est.)

Labor force: 22,800

Unemployment rate: 6.6% (1993 est.)

Budget: revenues: $667 million expenditures: $635 million, including capital expenditures of $103.8 million (1993 est.)

Industries: fish processing (mainly shrimp), lead, zinc, handicrafts, small shipyards

Industrial production growth rate: NA%

Electricity: capacity: 84,000 kW production: 210 million kWh consumption per capita: 3,361 kWh (1993)

Agriculture: forage crops, small garden vegetables; sheep; 1988 fish catch of 133,500 metric tons

Exports: $330.5 million (f.o.b., 1993 est.) commodities: fish and fish products 95% partners: Denmark 79%, Benelux 9%, Germany 5%

Imports: $369.6 million (c.i.f., 1993 est.) commodities: manufactured goods 28%, machinery and transport equipment 24%, food and live animals 12.4%, petroleum products 12% partners: Denmark 65%, Norway 8.8%, US 4.6%, Germany 3.8%, Japan 3.8%, Sweden 2.4%

External debt: $297.1 million (1993)

Economic aid: recipient: ODA, $NA note: substantial annual subsidy from Denmark

Currency: 1 Danish krone (DKr) = 100 oere

Exchange rates: Danish kroner (DKr) per US$1 - 5.652 (January 1996), 5.602 (1995), 6.361 (1994), 6.484 (1993), 6.036 (1992), 6.396 (1991)

Fiscal year: calendar year

Transportation --------------

Railways: 0 km