What is Greenland's financial dependency on Denmark?

Greenland heavily depends on Denmark for financial support, receiving approximately $500 million annually in subsidies. This accounts for roughly 20% of Greenland's GDP and more than half of the Greenland government's budget, funding critical services like employment, education, and healthcare. Despite many Greenlanders desiring independence, the island lacks the necessary capital and infrastructure to become self-sufficient. The territory requires significant foreign investment to develop its mining operations and other resources, making Danish subsidies essential for Greenland's survival at present.