Greenland has a small, open economy that is heavily dependent on exports of fish and seafood products. According to the World Bank, the GDP of Greenland in 2019 was estimated to be $2.2 billion, with a GDP per capita of $50,845. The unemployment rate in Greenland was 4.2% in 2019, and the inflation rate was 1.2%. The main industries in Greenland are fishing, fish processing, and tourism. The main exports of Greenland are fish and seafood products, which accounted for over 90% of total exports in 2019. The main trading partners of Greenland are Denmark, the United States, and the Faroe Islands. The government of Greenland has implemented a number of policies to promote economic growth, including tax incentives for businesses and investments in infrastructure.