Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/208467
Authors: 
Year of Publication: 
2006
Series/Report no.: 
Working paper No. 5-2003
Publisher: 
Copenhagen Business School (CBS), Department of Economics, Frederiksberg
Abstract (Translated): 
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.
Subjects: 
Greenland
Bloktilskud
Trade balance
GDP
JEL: 
H00
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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