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All facts about Economy of Denmark - Economy overview.

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Facts about Economy of Denmark

All facts about Economy of Denmark. – Denmark is a net exporter of food and energy and can easily enjoy with comfortable balance of payments surplus.

Danish government objectives include streamlining the bureaucracy and further privatization of state assets. The Danish government has been successful in meeting, and even exceeding, the economic convergence criteria for participating in the third phase ( Common European Currency ) of the European Economic and Monetary Union (EMU ), but Denmark has decided not join
to 12 other EU members into euro.
Anyway Danish currency ( the Danish krone ) stay connected with Euro.
Denmark has modern market economy with high-tech agriculture up-to-date small-scale and corporate industry, extensive government welfare measures, comfortable living standards, a stable currency and high dependence on foreign trade.Economical features of Denmark
Below is listed all facts about Ecomomy of denmark

  • GDP ( Purchasing power parity ): 189,3 billion USD

  • GDP per capita 34800 USD ( 2005 )
                            47390 USD ( 2006 ).

  • GDP real growth rate : 3,4%

  • GDP composition by sectors:
                  Services = 74%,
                  Industry = 23%,
                  Agriculture = 3%,

  • Labor force: 2,9 million people.

  • Labor force occupation:
                  Services = 76%,
                  Industry = 21%,
                  Agriculture = 3%,

    • more facts about economy of denmark below

  • Unemployment rate: 5,9% ( One of lowest in the world )

  • Information about Population under poverty line is not available .

  • Budget revenue: 144 billion USD.
  • Budget expenditures: 135 billion USD, including capital expenditures of 4,6 billion USD

  • Public debt: 36% of GDP

  • Household income or consumption by percentage share:
                  lowest 10%: 2%
                  highest 10%: 24% ( 2000 est.)

    • more facts about economy of Denmark below

  • Distribution of family income - Gini index: 23,2 (2002 est.)

  • Investment ( Gross fixed ): 20,8% of GDP ( 2005 est ).

  • Industries: iron, steel, chemicals, food processing, machinery and transportation equipment, nonferrous metals, textiles and clothing, electronics, construction, furniture and other products from wood, shipbuilding and refurbishment, windmills, pharmaceuticals, medical equipment etc…

  • Agriculture Major products: Pork, Dairy products, Barley, Wheat, Potatoes, Sugar beets, Fish.

  • Industrial production growth rate: 1,6% ( 2005 est )

    • more facts about economy of Denmark below

  • Electricity production: 43,30 billion k Wh

  • Electricity consumption: 31,70 k Wh

  • Electricity exports: 15,6 billion k Wh

  • Electricity imports: 7 billion k Wh

  • Oil production: 377000 bbl per day

  • Oil consumption: 188300 bbl per day

  • Oil exports: 332100 bbl per day

  • Oil imports: 195000 bbl per day

  • Oil proved reserves: 1,23 billon bbl

  • Natural gas production: 7,965 billion cu m

  • Natural gas consumption: 5,173 billion cu m

  • Natural gas exports: 3,1 billion cu m

  • Natural gas imports: 0 cu m

  • Natural gas proved reserves: 73,5 billion cu m

  • Current account balance: 7,756 billion USD ( 2005 )

  • Exports: 84,94 billion USD ( 2005 )

  • Exports partners: Germany 17,6%, Sweden 13,2%, United Kingdom 8,8%, United States 6,4%, France 5,5%, 5,3%, Norway 5,1% ( 2005 )

    • below is listed more facts about economy of Denmark

  • Exports commodities: Machinery and instruments, dairy products, fish, meat and meat products, chemicals, furniture, ships, windmills.

  • Imports: 74,70 billion USD ( 2005 )

  • Imports partners: Germany 20,5%, Sweden 13,7%, Norway 7,1%, Netherlands 6,6%, United Kingdom 6%, China 4,7%, France 4,2%, Italy 4% ( 2005 )

  • Imports commodities: machinery and equipment, raw materials and semi manufactures for industry, grain and foodstuffs, chemicals, consumer goods

  • Reserves of foreign exchange and gold: 34,03 billion USD ( 2005 )

  • Debt external: 352,9 billion USD

  • Economic aid donor: ODA, 2 billion USD ( 2005 )

    • more facts about economy of Denmark listed below

  • Currency code: Danish krone ( DKK )
  • Exchange rates: Danish kroner per USD
                      5,93 ( 2006 )
                      5,99 ( 2005 )
                      5,99 ( 2004 )
                      6,59 ( 2003 )
                      7,88 ( 2002 )
                      8,32 ( 2001 )

  • Fiscal year: equal to calendar year.

    • This is the end of all facts about Ecomomy of Denmark

    Go back to all official facts about Denmark

     


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