Short term trends
The short term trends contain several indicators by which to analyse the activity in the Greenlandic economy. The intention with the statistics is to give a short term picture of the development of the economy, by assessing the quarterly development, compared to the changes in the previous periods. A few examples of the average quarterly changes for the recent two years are given below:
- Volume of goods is a good indicator relatively to the quantities of import and export. Volume of goods has in the last two years been decreasing by a quarterly average of 1.0 pct.
- The current income tax is a good indicator for the activity in the labor market. The changes in current income tax have in the last two years been decreasing by a quarterly average of 0.1 pct.
- Loans from and deposit in banks shows the changes in savings and loans of private and corporations, which is a good indicator for changes in consumption and investments. Loans from banks have in the last two years been decreasing by a quarterly average of 1.6 pct., and the quarterly average changes for the deposits in banks have in the last two years increase by 0.7 pct.