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Abstract:
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Abstract:
The balance of payments of Greenland has special features due to an important current transfer,
bloktilskud, from Denmark. The trade balance does not exhibit a deficit of this order of magnitude
but comparison of the bloktilskud and the deficit is difficult as official figures are available for the
merchandise trade only. Figures for services are missing. However, guesses about the size of a
deficit in the services’ trade do not easily discard the impression of a large surplus on the current
account. Over a ten year period it is suggested that accumulated surpluses could be twice the level
of Greenland’s GDP. This seems unlikely, but the available data raise a puzzle that ought to be
addressed as it nourishes suspicion of unobserved accumulation of wealth. |
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