Money and Capital Markets

Greenland is a very open economy with free capital movements. This means that the economy is very dependent on international developments and globalization trends. This is especially true in the financial area where financial markets are increasingly interlinked.

Money and capital markets consist of many sub-markets where buyers and sellers of different financial products meet. Banks offer the possibility of depositing money on different conditions. At the same time, banks offer loans for private individuals and for business purposes.

Financing the purchase of real property occurs predominantly by taking out mortgage loans with a maturity of 10 to 30 years. Finally, the government plays a role in raising capital for business, primarily in the areas of fishing and agriculture, but also in connection with the financing of housing.