“Political and economic independence is interconnected,” she says, “and it is very important that we cooperate with Denmark on business development in Greenland, but we also work with Americans for raw material production and tourism development.”
Currently, the Greenland economy depends heavily on the so -called block grant, the Danish government’s subsidy, which in 2024 amounted to an equivalent of about £ 480 per year.
Because this subsidy is likely to disappear after independence, one of the most important problems facing the Greenland – finding ways to replace it, explains Javier Arno, economist at Greenland in Nauka.
“The economy is one of the main factors that hold back the movement to independence,” he says. “The economy depends on the Danish block grant, and if it disappeared, Greenland would have a large hole in the state budget that should be filled.
“The question is how. If the gap can be filled, for example, by increasing financial income through the production of new partners, there may be a clearer way to economic independence.”
