1UpTravel


 

You are here >1uptravel > International > Europe > Denmark



ADVERTISEMENT

Country

 At a Glance

  Introduction

  Topography

  History & Culture

  Life

  Cuisine

  Holidays

  Festivals

  Embassies

  Administration

  Newstand


 Worth a Visit !!

  Cities

  Attractions

  Maps & Cities

  Shopping

  Eating Out

  Recreation

  Essentials

  Travel Links


 Country Facts

  Introduction

  Geography

  People

  Government

  Economy

  Communications

  Transportation

  Military

  Transnational issues


Related

  Denmark Guide
  Denmark Maps
  Denmark Hotels
  Denmark Flag
  More Denmark Flags
  Denmark Geography
  Denmark Travel Warning



Travel & Tourism . Tourist Guide to the Country

Denmark Economy




Denmark    Economy Top of Page
Economy - overview: This thoroughly modern market economy features high-tech agriculture, up-to-date small-scale and corporate industry, extensive government welfare measures, comfortable living standards, and high dependence on foreign trade. Denmark is a net exporter of food and energy and has a comfortable balance of payments surplus. The center-left coalition government has reduced the formerly high unemployment rate and attained a budget surplus as well as followed the previous government's policies of maintaining low inflation and a stable currency. The coalition has lowered marginal income tax rates and raised environmental taxes thus maintaining overall tax revenues. Problems of bottlenecks, and longer term demographic changes reducing the labor force, are being addressed through labor market reforms. The government has been successful in meeting, and even exceeding, the economic convergence criteria for participating in the third phase (a common European currency) of the European Monetary Union (EMU), but Denmark, in a September 2000 referendum, reconfirmed its decision not to join the 11 other EU members in the euro. Even so, the Danish currency remains pegged to the euro.
GDP: purchasing power parity - $136.2 billion (2000 est.)
GDP - real growth rate: 2.8% (2000 est.)
GDP - per capita: purchasing power parity - $25,500 (2000 est.)
GDP - composition by sector: agriculture:  3%

industry:  25%

services:  72% (2000 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  2%

highest 10%:  24% (2000 est.)
Inflation rate (consumer prices): 2.9% (2000 est.)
Labor force: 2.856 million (2000 est.)
Labor force - by occupation: services 79%, industry 17%, agriculture 4% (2000 est.)
Unemployment rate: 5.3% (2000)
Budget: revenues:  $52.9 billion

expenditures:  $51.3 billion, including capital expenditures of $500 million (2001 est.)
Industries: food processing, machinery and equipment, textiles and clothing, chemical products, electronics, construction, furniture, and other wood products, shipbuilding, windmills
Industrial production growth rate: 3% (2000 est.)
Electricity - production: 37.885 billion kWh (1999)
Electricity - production by source: fossil fuel:  88.4%

hydro:  0.07%

nuclear:  0%

other:  11.53% (1999)
Electricity - consumption: 32.916 billion kWh (1999)
Electricity - exports: 7.28 billion kWh (1999)
Electricity - imports: 4.963 billion kWh (1999)
Agriculture - products: grain, potatoes, rape, sugar beets; pork and beef, dairy products; fish
Exports: $50.8 billion (f.o.b., 2000)
Exports - commodities: machinery and instruments, meat and meat products, dairy products, fish, chemicals, furniture, ships, windmills
Exports - partners: EU 66.5% (Germany 20.1%, Sweden 11.7%, UK 9.6%, France 5.3%, Netherlands 4.7%), Norway 5.8%, US 5.4% (1999)
Imports: $43.6 billion (f.o.b., 2000)
Imports - commodities: machinery and equipment, raw materials and semimanufactures for industry, chemicals, grain and foodstuffs, consumer goods
Imports - partners: EU 72.1% (Germany 21.6%, Sweden 12.4%, UK 8.0%, Netherlands 8.0%, France 5.8%), Norway 4.2%, US 4.5% (1999)
Debt - external: $21.7 billion (2000)
Economic aid - donor: ODA, $1.63 billion (1999)
Currency: Danish krone (DKK)
Currency code: DKK
Exchange rates: Danish kroner per US dollar - 7.951 (January 2001), 8.083 (2000), 6.976 (1999), 6.701 (1998), 6.604 (1997), 5.799 (1996); note - the Danes rejected the Euro in a 28 September 2000 referendum
Fiscal year: calendar year

 

Countryfacts Information Courtesy: CIA Worldbook








Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


CHANNELS

Compare Country Info Hotel Directory Geography Flags World Maps Travel Warnings National Parks

DESTINATIONS

Asia Africa Caribbean Middle East North America South America Central America Oceania Pacific Europe Polar Regions

PHOTO SPECIAL

Destinations Monuments Ancient Wonders Modern Wonders Natural Wonders

UTILITIES

World Time ISD Codes Travel Links Link Exchange

 



Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright 1Up Travel All Rights Reserved.
Go Up

Privacy Policy