The economy of Greenland is characterized as small, mixed and vulnerable. Greenland's economy consists of a large public sector and comprehensive foreign trade. This has resulted in an economy with periods of strong growth, considerable inflation, unemployment problems and extreme dependence on capital inflow from the Kingdom Government.
Nuuk skyline at night
Greenland is a North American autonomous territory of the Kingdom of Denmark. It is the larger of two autonomous territories within the Kingdom, the other being the Faroe Islands; the citizens of both territories are full citizens of Denmark. As Greenland is one of the Overseas Countries and Territories of the European Union, citizens of Greenland are European Union citizens. The capital and largest city of Greenland is Nuuk. Greenland lies between the Arctic and Atlantic oceans, east of the Canadian Arctic Archipelago. It is the world's largest island, and is the location of the northernmost area of the world – Kaffeklubben Island off the northern coast is the world's northernmost undisputed point of land, and Cape Morris Jesup on the mainland was thought to be so until the 1960s.
Greenland visible from space. Arctic sea ice is not shown.
The Kingittorsuaq Runestone from Kingittorsuaq Island (Middle Ages)
One of the last contemporary written mentions of the Norse Greenlanders records a marriage that took place in 1408 in the church of Hvalsey, now the best-preserved Nordic ruins in Greenland. The married couple then travelled to Iceland, which is why the account has been preserved.
Godthåb in Greenland, c. 1878
