How has tourism helped diversify Greenland’s economy?

Greenland has historically relied heavily on fishing, an industry vulnerable to fluctuating market prices and the risks of overfishing. To address this economic dependency, the government began prioritizing the development of the tourism sector in the late 20th century.1

Since the 1990s, revenue from tourism has experienced significant growth, serving as a key component in the island's broader efforts to diversify its economy beyond marine resources. While the government continues to play a leading role in the economy—supported by financial aid from Denmark—the expansion of tourism has provided a necessary alternative to the traditional reliance on the fish industry.12