Greenland’s Tourism Boom: Trump Effect And New Airports Drive Growth

by THEFUTURE.TEAM

March 21, 2025

Greenland is witnessing a surge in tourism, fueled by renewed international attention following remarks by former U.S. President Donald Trump and a wave of new infrastructure projects. The opening of Nuuk’s new international airport has significantly improved access, with direct flights from New York set to begin in June.

Key Facts

14% rise in international arrivals: Statistics Greenland reported a sharp increase in January year-on-year.
Hotel stays surged: 355,000 nights recorded last year, up from 210,000 in 2014.
Nuuk Airport opened in November, streamlining travel and bypassing layovers in Copenhagen and Kangerlussuaq.
Ilulissat and Qaqortoq to get international airports, further boosting accessibility.
Three-quarters of tour operators saw increased bookings after Nuuk Airport’s opening.

The Bigger Picture

Greenland’s tourism momentum comes amid U.S. interest in the Arctic island’s rare earth minerals, critical for high-tech industries. While Trump’s idea of acquiring Greenland sparked controversy, it undeniably placed the region in the global spotlight. The country now aims to diversify its economy—currently 95% dependent on fishing—by leveraging tourism and mining.

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With breathtaking glaciers, deep fjords, and a rich Inuit cultural heritage, Greenland’s tourism industry is poised for unprecedented growth.

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Cyprus GDP Growth Accelerates To 3.3% In Q2 2026 As Employment Rises

by THEFUTURE.TEAM

September 9, 2026

Cyprus’ seasonally adjusted GDP grew 0.8% in the second quarter of 2026 from the previous quarter, while employment increased 0.5%, according to Eurostat data.

Compared with the second quarter of 2025, GDP rose 3.3% and employment increased 1.6%. Quarterly economic growth accelerated from 0.5% in the first quarter.

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Cyprus Growth Picks Up In Second Quarter

The 0.8% quarterly expansion followed growth of 1.2% in the fourth quarter of 2025 and 0.8% in the third quarter. Annual growth also accelerated to 3.3% from 3% in the first quarter, after reaching 4.2% in the fourth quarter and 3.5% in the third quarter of 2025.

Employment growth resumed after remaining unchanged in the first quarter. The 0.5% quarterly increase followed gains of 0.7% in the fourth quarter and 0.5% in the third quarter of 2025.

Annual employment growth slowed to 1.6% in the second quarter from 2% in both the first quarter of 2026 and the fourth quarter of 2025. Growth stood at 1.4% in the third quarter of 2025.

EU Growth Strengthens

Across the EU, GDP increased 0.7% in the second quarter from the previous quarter, while euro area output rose 0.6%. Both figures marked a sharp acceleration from the first quarter, when EU GDP grew 0.1% and euro area GDP was unchanged.

Year on year, GDP increased 1.4% in the EU and 1.2% in the euro area, up from 0.9% and 0.6%, respectively, in the previous quarter.

Ireland recorded the strongest quarterly growth at 10.2%, followed by Slovenia at 1.8% and Lithuania at 1.7%. Austria was the only member state to record a contraction, with GDP falling 0.1%.

Consumption And Trade Support Growth

Household consumption contributed 0.2 percentage points to quarterly growth in both the euro area and the EU. Net exports added 0.9 percentage points in the euro area and 0.8 points in the EU.

Inventory changes reduced growth by 0.5 percentage points in both regions. Gross fixed capital formation had little impact in the euro area and added 0.1 percentage points in the EU.

Employment increased 0.1% quarter on quarter in both the euro area and the EU. Annual employment growth reached 0.5% in the euro area and 0.4% in the EU, with 221.4 million people employed across the EU and 176.4 million in the euro area.

Hours worked increased 0.1% in both regions from the previous quarter. Compared with a year earlier, hours worked rose 0.7% in the euro area and 0.8% in the EU.

Employment Trends Vary Across Europe

Portugal recorded the strongest quarterly employment growth at 1%, followed by the Czech Republic and Malta at 0.9% each. Finland saw the largest decline, at 0.8%, followed by Greece at 0.4%.

In the United States, GDP increased 0.4% from the previous quarter and 2.1% year on year.

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