Compare Greenland (2008) - Greenland (2007)

Compare Greenland (2008) z Greenland (2007)

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	Greenland (2008)	Greenland (2007)

Economy - overview	The economy remains critically dependent on exports of fish and a substantial subsidy from the Danish Government, which supplies about half of government revenues. The public sector, including publicly-owned enterprises and the municipalities, plays the dominant role in the economy. Several interesting hydrocarbon and mineral exploration activities are ongoing. Press reports in early 2007 indicated that two international aluminum companies were considering building smelters in Greenland to take advantage of local hydropower potential. Tourism is the only sector offering any near-term potential, and even this is limited due to a short season and high costs. Air Greenland began summer-season direct flights to the U.S. east coast in May 2007, potentially opening a major new tourism market.	The economy remains critically dependent on exports of fish and substantial support from the Danish Government, which supplies about half of government revenues. The public sector, including publicly-owned enterprises and the municipalities, plays the dominant role in the economy. Several interesting hydrocarbon and mineral exploration activities are ongoing. Press reports in early 2007 indicated that two international aluminum companies were considering building smelters in Greenland to take advantage of local hydropower potential. Tourism is the only sector offering any near-term potential, and even this is limited due to a short season and high costs. Air Greenland announced plans to begin summer-season direct flights to the U.S. east coast in May 2007 potentially opening a major new tourism market.
Exchange rates	Danish kroner per US dollar - 5.4797 (2007), 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003)	Danish kroner per US dollar - 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002)
Exports	149.1 bbl/day (2004)	NA bbl/day
Exports - partners	Denmark 67.1%, Japan 12.1%, China 5.6% (2006)	Denmark 67.8%, Japan 11.9%, China 5.5% (2006)
Imports	4,013 bbl/day (2004)	NA bbl/day
Legislative branch	unicameral Parliament or Landstinget (31 seats; members are elected by popular vote on the basis of proportional representation to serve four-year terms) elections: last held on 15 November 2005 (next to be held by December 2009) election results: percent of vote by party - Siumut 30.7%, Demokratiit 22.8%, IA 22.6%, Atassut Party 19.1%; Katusseqatigiit 4.1%, other 0.7%; seats by party - Siumut 10, Demokratiit 7, IA 7, Atassut 6, Katusseqatigiit 1 note: two representatives were elected to the Danish Parliament or Folketing on 13 November 2007 (next to be held in November 2011); percent of vote by party - NA; seats by party - Siumut 1, Inuit Ataqatigiit 1	unicameral Parliament or Landstinget (31 seats; members are elected by popular vote on the basis of proportional representation to serve four-year terms) elections: last held on 15 November 2005 (next to be held by December 2009) election results: percent of vote by party - Siumut 30.7%, Demokratiit 22.8%, IA 22.6%, Atassut Party 19.1%; Katusseqatigiit 4.1%, other 0.7%; seats by party - Siumut 10, Demokratiit 7, IA 7, Atassut 6, Katusseqatigiit 1 note: two representatives were elected to the Danish Parliament or Folketing on 8 February 2005 (next to be held in February 2009); percent of vote by party - NA; seats by party - Siumut 1, Inuit Ataqatigiit 1

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