Greenland Greenland as the 52nd U.S. State: Economic Potential and the Shrimp Industry

Greenland is one of the least populated regions in the world, yet it possesses vast natural resources. If the island were to become the 52nd state of the United States, it could undergo significant economic transformation. One of the most promising investment opportunities lies in the shrimp industry. Let’s explore how much Greenland could earn with U.S. investments amounting to $10 billion.​

Potential Revenue from the Shrimp Industry​

Currently, the fishing industry accounts for approximately 90% of Greenland’s exports, with a significant portion coming from shrimp harvesting. In 2023, Greenland’s shrimp exports totaled around $400 million.


With $10 billion in investments, the following improvements could be made:

• Increased harvesting and processing capacity – procurement of new fishing vessels and the construction of modern processing plants.
• Development of export infrastructure – upgrades to ports, logistics, and access to new international markets.
• Job creation – employment opportunities and workforce training for local residents.

Projected Growth in Production​

With efficient allocation of investments, shrimp production could increase by 3 to 4 times, leading to an increase in annual revenue from $400 million to $1.2–1.6 billion.

Profit Calculation Based on U.S. Technology

Modern U.S. seafood processing technology significantly reduces costs and improves efficiency. On average, American seafood processing companies achieve profit margins of 45-50% due to automation, advanced supply chains, and waste reduction.


Applying these efficiency levels to Greenland’s projected revenues:

• At a 45% profit margin, net profit would be $540–720 million per year.
• At a 50% profit margin, net profit would be $600–800 million per year.

Economic Impact on Greenland​

For a region with a GDP of approximately $3 billion, an increase in revenue of $1.2–1.6 billion would significantly improve economic conditions. This would allow Greenland to:

• Improve living standards for its population.
• Invest in infrastructure, education, and healthcare.
• Reduce dependency on external subsidies and financial aid.

If Greenland were to become part of the United States and receive $10 billion in investments into its shrimp industry, the island's economy could be substantially strengthened. Export revenues could increase by 3-4 times, and overall GDP growth could reach 40-55%. With the application of cutting-edge U.S. technologies and business models, annual net profits could reach $1,2–1,6 billion, making Greenland’s economy more self-sustaining and globally competitive.​