Overview: This modern 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. Growth in output, however, has been sluggish in 1987-89, and unemployment in early 1989 stood at 9.6% of the labor force. The government is trying to revitalize growth in preparation for the economic integration of Europe in 1992.

GDP: $73.7 billion, per capita $14,300; real growth rate 1.4% (1989 est.)

Inflation rate (consumer prices): 4.25% (1989 est.)

Unemployment rate: 9.6% (1989)

Budget: revenues $34 billion; expenditures $34 billion, including capital expenditures of $19 billion (1988)

Exports: $27.7 billion (f.o.b., 1989 est.); commodities--meat and meat products, dairy products, transport equipment, fish, chemicals, industrial machinery; partners--US 6.0%, FRG, Norway, Sweden, UK, other EC, Japan

Imports: $26.4 billion (c.i.f., 1989 est.); commodities--petroleum, machinery and equipment, chemicals, grain and foodstuffs, textiles, paper; partners--US 7.0%, FRG, Netherlands, Sweden, UK, other EC

External debt: $41.1 billion (1989 est.)

Industrial production: growth rate 0.9% (1988)

Electricity: 11,215,000 kW capacity; 30,910 million kWh produced, 6,030 kWh per capita (1989)

Industries: food processing, machinery and equipment, textiles and clothing, chemical products, electronics, construction, furniture, and other wood products

Agriculture: accounts for 7% of GNP and employs 1.8% of labor force (includes fishing); farm products account for nearly 16% of export revenues; principal products--meat, dairy, grain, potatoes, rape, sugar beets, fish; self-sufficient in food production

Aid: donor--ODA and OOF commitments (1970-87) $4.8 billion

Currency: Danish krone (plural--kroner); 1 Danish krone (DKr) = 100 ore

Exchange rates: Danish kroner (DKr) per US$1--6.560 (January 1990), 7.310 (1989), 6.732 (1988), 6.840 (1987), 8.091 (1986), 10.596 (1985)

Fiscal year: calendar year

NOTE: The information regarding Denmark on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Denmark Economy 1990 information contained here. All suggestions for corrections of any errors about Denmark Economy 1990 should be addressed to the CIA.