National Bank (central bank) of Denmark.
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Country | Denmark |
Width | 150 |
Caption | National Bank (central bank) of Denmark. |
Currency | Danish krone (DKK, kr) |
Year | calendar year |
Organs | EU, OSCE, WTO, OECD and others |
Rank | 46 |
Gdp | $313.825 billion (2010 forecast) |
Growth | -4.9% (2009) |
Per Capita | $56,790 (2010 forecast) (nominal; 5th)
$36,336 (2010 forecast) (PPP; 17th) |
Sectors | agriculture: 4.6%; industry: 30.7%; services: 64.7% (2009 est.) |
Inflation | 1.3% (2009) |
Poverty | N/A |
Edbr | 6th |
Gini | 24.7 (List of countries) |
Labor | 2.92 million (2009) |
Occupations | agriculture: 2.5%; industry: 20.2%; services: 77.3% (2005 est.) |
Unemployment | 4.1% (February 2011) |
Average Gross Salary | 4,047 - / 5,464 $, monthly (2006) |
Average Net Salary | 2,390 - / 3,226 $, monthly (2006) |
Industries | petroleum and gas, iron, steel, nonferrous metals, chemicals, food processing, machinery and transportation equipment, textiles and clothing, electronics, construction, furniture and other wood products, shipbuilding and refurbishment, windmills, pharmaceuticals, medical equipment |
Exports | $91.49 billion (2009 est.) 33rd |
Export-goods | machinery and instruments, meat and meat products, dairy products, fish, pharmaceuticals, fashion apparel, furniture, windmills, Christmas trees, potted plants, mink and fox skin, salt, various specialty niche products |
Export-partners | Germany 17.8%, Sweden 14.5%, United Kingdom 8.1%, Norway 5.7%, United States 5.4%, Netherlands 4.8%, France 4.7% (2008) |
Imports | $84.74 billion (2009 est.) |
Import-goods | machinery and equipment, raw materials and semimanufactures for industry, chemicals, grain and foodstuffs, consumer goods |
Import-partners | Germany 21.6%, Sweden 14.4%, Netherlands 7.1%, Norway 6.0%, China 5.4%, United Kingdom 5.3%, France 4.8%, Italy 4.1% (European Union total: 72.6%) (2008 est.) |
Debt | 11% of GDP (2008) |
Gross External Debt | $607.4 billion (30 June 2009) |
Revenue | $175.4 billion (2009 est.) |
Expenses | $175.6 billion (2009 est.) |
Reserves | US$86.560 billion (March 2011) |
Credit | AAA (Domestic) AAA (Foreign) AAA (T&C Assessment) (Standard & Poor's) |
Aid | ODA, $2.13 billion (2005) |
Cianame | da |
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With very few natural resources, the neoliberal economy of Denmark relies almost entirely on human resources. The service sector makes up the vast amount of the employment and economy. Its industrialised market economy depends on imported raw materials and foreign trade. Within the European Union, Denmark advocates a liberal trade policy. Its standard of living is average among the Western European countries - and for many years the most equally distributed as shown by the Gini coefficient - in the world, and the Danes devote 0.8% of Gross National Income (GNI) to foreign aid. It is a society based on consensus (dialogue and compromise) with the Danish Confederation of Trade Unions and the Confederation of Danish Employers in 1899 in Septemberforliget (The September Settlement) recognising each others right to organise, thus, negotiate. The employer's right to hire and fire their employees whenever they find it necessary is recognised.
Denmark produces oil, natural gas, wind- and bio-energy. Its principal exports are machinery, instruments and food products. The US is Denmark's largest non-European trading partner, accounting for around 5% of total Danish merchandise trade. Aircraft, computers, machinery, and instruments are among the major US exports to Denmark. There are several hundred US-owned companies in Denmark, some of them just registered for tax purposes, which is beneficial for holding companies. Among major Danish exports to the U.S. are industrial machinery, chemical products, furniture, pharmaceuticals, lego and canned ham and pork.
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