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The Conversation
The Conversation
Susan Stone, Credit Union SA Chair of Economics, University of South Australia

If Greenland were for sale, what would it be worth? How to put a ‘price tag’ on a territory

Greenland Donald Trump United States GDP Harry Truman Denmark the Kingdom of Denmark

It’s unlikely you’ve missed the story. In recent weeks, US President-elect Donald Trump has again repeatedly voiced his desire for the United States to take “ownership and control” of Greenland – an autonomous territory of the Kingdom of Denmark.

Trump first floated the idea of the US buying Greenland back in 2019. At the time, he argued, quite correctly, that he was not the first US president to come up with the idea.

Modern-day territory sales are rare. Whether Trump will revive them remains to be seen. But the question is intriguing – how would one decide what to offer for an entire state, territory or nation?

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