It is an island country in North America that is part of the Kingdom of Denmark. It is located between the Arctic and Atlantic oceans, east of the Canadian Arctic Archipelago. Greenland is the world's largest island. It is one of three constituent countries that form the Kingdom, along with Denmark and the Faroe Islands; the citizens of these countries are all citizens of Denmark and the EU. Greenland has been politically and culturally associated with Europe
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Economy:
It 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. GDP per capita is close to the average for European economies, but the economy is critically dependent upon substantial support from the Danish government
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