[{"bbox": [84, 152, 1142, 206], "category": "Text", "text": "consumption (35 per cent of GDP), cf. table on Greenland national accounts below. When compared to other countries (Nordic and EU) this characteristic makes Greenland a special case."}, {"bbox": [84, 257, 1122, 311], "category": "Caption", "text": "Table on trends in key Greenland national accounts indicators, including GDP. Annual (real) growth rates (in per cent). 2017-2023"}, {"bbox": [95, 309, 1084, 851], "category": "Table", "text": "<table><thead><tr><th></th><th>Share of GDP in 2019</th><th>2017</th><th>2018</th><th>2019</th><th>2020</th><th>2021</th><th>2022</th><th>2023</th></tr><tr><th></th><th></th><th></th><th></th><th></th><th></th><th></th><th colspan=\"2\">GEC forecast</th></tr></thead><tbody><tr><td>Household consumption expenditure</td><td>35.0</td><td>0.9</td><td>1.5</td><td>-0.1</td><td>1.6</td><td>1.5</td><td>0.2</td><td>0.3</td></tr><tr><td>Government consumption expenditure</td><td>43.8</td><td>1.7</td><td>3.0</td><td>4.4</td><td>-2.1</td><td>1.0</td><td>0.4</td><td>0.4</td></tr><tr><td>Gross investments (fixed capital formation)</td><td>33.3</td><td>-4.1</td><td>-6.9</td><td>53.3</td><td>5.9</td><td>3.3</td><td>5.2</td><td>-4.4</td></tr><tr><td>Export of goods and services</td><td>41.1</td><td>-3.8</td><td>3.6</td><td>-10.4</td><td>-6.2</td><td>1.5</td><td>2.0</td><td>2.0</td></tr><tr><td>Final demand</td><td>151.2</td><td>-1.4</td><td>1.7</td><td>6.8</td><td>-0.7</td><td>1.7</td><td>1.8</td><td>0.5</td></tr><tr><td>Import of goods and services</td><td>51.1</td><td>-3.5</td><td>2.4</td><td>14.5</td><td>-2.8</td><td>2.8</td><td>2.2</td><td>-2.9</td></tr><tr><td><strong>Gross domestic product</strong></td><td><strong>100.0</strong></td><td><strong>0.1</strong></td><td><strong>0.6</strong></td><td><strong>2.3</strong></td><td><strong>0.4</strong></td><td><strong>1.2</strong></td><td><strong>1.6</strong></td><td><strong>0.8*</strong></td></tr></tbody></table>"}, {"bbox": [84, 852, 1091, 898], "category": "Text", "text": "Note: 2017-2018 are final figures; 2019-21 are provisional figures; 2022-23 are forecast estimates made by the Economic Council."}, {"bbox": [84, 900, 989, 926], "category": "Text", "text": "Sources: Greenland Economic Council, Annual Report 2022, Autumn 2022. *GEC Report 1st half year 2023."}, {"bbox": [84, 978, 1142, 1112], "category": "Text", "text": "Of the total population of 56,735 (April 2023), the proportion of the working population relative to the total population is 67% (the employment rate). Greenland has a high rate of employment compared with the Inuit-majority Canadian territory of Nunavut (and Canada generally) and is on par with the EU. The employment rate constitutes one indicator out of eighteen performance indicators that GoG applies to monitor progress⁶ in achieving overarching policy goals on sustainability and to tackle underlying structural socioeconomic problems."}, {"bbox": [84, 1137, 1142, 1297], "category": "Text", "text": "Employment in 2022 was in progress as judged by the number of registered jobseekers reaching its lowest level ever. Unemployment has fallen throughout the country for a number of years to 5% of the labour force (18-65 years of age) in 2022. There is a shortage of skilled labour, and the pressure on the labour market is very significant, especially in Nuuk and in larger cities to the north, where the need for foreign labour is increasing. According to population statistics for 2022, there were 1,928 foreign nationals living in Greenland, which is a doubling since 2008. In particular the number of nationals from Thailand and the Philippines has increased."}, {"bbox": [84, 1322, 1142, 1508], "category": "Text", "text": "According to the Greenland Economic Council (GEC), the low unemployment rates indicate a particular need to attract foreign labour to avoid an overheating of the labour market. Structurally, the main challenge is the large differences in the population's connection to the labour market, which are inextricably linked to education and vocational skills. Unemployment among people without education after primary school was 8.4 per cent in 2019 against 2.5 per cent for persons with vocational education and 0.4 per cent for persons with a higher education. GoG declared that women are no longer over-represented in unemployment statistics, however, there is occupational gender segregation, with more than 60% of women in public administration and public service, while"}, {"bbox": [84, 1569, 1142, 1619], "category": "Footnote", "text": "⁶ The GoG reports progress in these 18 performance indicators in the annual *Political Economic Report* and the indicators relate to the Growth and Sustainability Plan (2016)."}, {"bbox": [1037, 1681, 1142, 1705], "category": "Page-footer", "text": "Page 8 of 32"}]