Business Statistics

The economic activity in Greenland is dominated by few large industries. About 1/3 of the revenue generated by the companies is created within the fisheries and fisheries-related industry and trade. Another big industry is wholesale and retail, for which the revenue poses just about one third of Greenland’s total company turnover.

For companies, the largest value added is found in the fisheries sector, which accounts for more than one third of total value added.

The most common type of company is proprietorship. This includes registered operators in the coastal fisheries. The second most common mode of operation is other types of companies. About half of total company salary payouts are paid by limited companies.