Imagine a scenario where every resident of Greenland receives $1 million - a groundbreaking initiative that could reshape the nation’s economy, social structure, and global influence. With a population of approximately 56,700 people, this ambitious plan would require a massive financial commitment. But what would the total cost be, and how could such a vision become reality?
A Feasible Budget - At Least for the U.S.
For comparison, this idea would be entirely possible for a country like the United States. The total budget required? $56.7 billion.
If each of Greenland’s 56,700 citizens were granted $1 million, the total cost would be:
56,700×1,000,000=56,700,000,00056,700 \times 1,000,000 = 56,700,000,000
That’s $56.7 billion—a figure that, while enormous for Greenland, is comparable to what large economies spend on infrastructure projects or financial aid packages.
As of January 1, 2024, Greenland's population was estimated at 56,699, reflecting a slight increase of 0.2% compared to the previous year.
Population Distribution by Municipality (as of January 1, 2024):
Note: "Other Areas" includes residents living outside the five municipalities, such as those in the unincorporated Northeast Greenland National Park.
Age Structure of the Population:
These figures indicate a relatively young population, with over 21% under the age of 15.
A Feasible Budget - At Least for the U.S.
For comparison, this idea would be entirely possible for a country like the United States. The total budget required? $56.7 billion.
If each of Greenland’s 56,700 citizens were granted $1 million, the total cost would be:
56,700×1,000,000=56,700,000,00056,700 \times 1,000,000 = 56,700,000,000
That’s $56.7 billion—a figure that, while enormous for Greenland, is comparable to what large economies spend on infrastructure projects or financial aid packages.
As of January 1, 2024, Greenland's population was estimated at 56,699, reflecting a slight increase of 0.2% compared to the previous year.
Population Distribution by Municipality (as of January 1, 2024):
| Municipality | Population | Percentage of Total | Annual Change |
|---|---|---|---|
| Kommuneqarfik Sermersooq | 24,382 | 43.00% | +1.0% |
| Avannaata Kommunia | 10,846 | 19.13% | -0.7% |
| Qeqqata Kommunia | 9,204 | 16.23% | +0.1% |
| Kommune Kujalleq | 6,145 | 10.84% | -1.0% |
| Kommune Qeqertalik | 6,058 | 10.68% | -0.4% |
| Other Areas | 64 | 0.11% | N/A |
Age Structure of the Population:
| Age Group | Percentage of Total Population |
|---|---|
| 0–14 | 21.47% |
| 15–64 | 71.06% |
| 65+ | 7.47% |
These figures indicate a relatively young population, with over 21% under the age of 15.