The National Bank of Denmark published an analysis of the Greenlandic economy, pointing to a slowdown to modest growth alongside mounting challenges for public finances. The assessment links weaker momentum to the airport infrastructure build-out nearing completion and planned major projects in energy supply and other areas not yet starting. Economic conditions are also affected by mixed fisheries developments, with vital shrimp stocks declining while cod fishing is improving. Public finances deteriorated unexpectedly sharply in 2025 and liquidity in the Greenland Treasury fell to a critically low level in the second half of the year, leading the 2026 Finance Act to include fiscal tightening measures. Looking further ahead, the analysis highlights additional fiscal pressure from a declining and ageing population, with the population expected to decrease by 20% by 2050.
National Bank of Denmark 2026-01-06
National Bank of Denmark analysis finds Greenland growth slowing and public finances under strain
The National Bank of Denmark's analysis of the Greenlandic economy highlights a slowdown to modest growth, with public finances deteriorating sharply in 2025 due to declining shrimp stocks and critically low liquidity in the Greenland Treasury. The 2026 Finance Act introduces fiscal tightening, while future fiscal pressure is anticipated from a projected 20% population decline by 2050.