And Now....
DENMARK
Data Page
In 2003, the World Economic Forum ranked Denmark 4th among world nations for its ability to compete globally. Current statistics prove the point. Even though unemployment (a big problem for other Europeans) is 6%, inflation remains below 3%. And the ratio of the government's debt to the nation's GDP is under control, at 45%. True: About 25% of Danish jobs are government-related. But the government aims to reduce that ratio. And Danish industry is focusing on high-tech products (wind-power turbines, e.g.) that build demand for Danish exports.
Here’s a profile of Denmark today:
| Area | 16,602 sq mi |
| Population | 5,413,000 (July 2004) |
| Urban Population | 85% — with 25% of them in and around Copenhagen |
| Religion of Majority | Evangelical Lutheran Church (84%) |
| Government | Constitutional monarchy: Head of state, Queen Margrethe II; Head of government, Prime Minister Anders Fogh Rasmussen |
| Gross Domestic Product | $167.7 billion* |
| Basis of GDP | Farming 3%, Industry 26%, Services 71% (2002) |
| Exports | $64.2 billion |
| Export Commodities | Machinery and instruments; meat; meat, dairy, and fish products; chemicals; furniture; ships; windmills |
| Imports | $54.5 billion |
| Import Commodities | Machinery and equipment, raw materials and manufacturing parts, chemicals, foodstuffs |
| Key Trading Partners | EU (Germany, Sweden, UK, Norway, others), USA |
Source: CIA World Factbook 2004. Data are for 2003, unless otherwise noted.
* Denmark's GDP earnings are reported here in terms of their purchasing-power parity (ppp). That's the dollar value of the "universal basket" of goods and services those earnings could buy within Denmark (at Danish prices). On the other hand, the official exchange rate between the Danish Krone and the U.S. dollar puts Denmark's GDP earnings for 2003 at $212 billion.
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© Learning Enrichment, Inc. Content last updated: August 2004. Page last reviewed: August 2004.