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    Denmark Index 2006

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    Denmark Economy - 2006
    https://theodora.com/wfbcurrent/denmark/denmark_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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, a stable currency, and high dependence on foreign trade. Denmark is a net exporter of food and energy and enjoys a comfortable balance of payments surplus. Government objectives include streamlining the bureaucracy and further privatization of state assets. 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 Economic and Monetary Union (EMU), but Denmark has decided not to join 12 other EU members in the euro. Nonetheless, the Danish krone remains pegged to the euro. Economic growth gained momentum in 2004 and the upturn accelerated through 2005. Because of high GDP per capita, welfare benefits, a low Gini index, and political stability, the Danish people enjoy living standards topped by no other nation. A major long-term issue will be the sharp decline in the ratio of workers to retirees.

      GDP (purchasing power parity):
      $181.6 billion (2005 est.)

      GDP (official exchange rate):
      $249.1 billion (2005 est.)

      GDP - real growth rate:
      2.8% (2005 est.)

      GDP - per capita (PPP):
      $33,400 (2005 est.)

      GDP - composition by sector:
      agriculture: 2.2%
      industry: 24%
      services: 73.8% (2005 est.)

      Labor force:
      2.9 million (2005 est.)

      Labor force - by occupation:
      agriculture: 3%
      industry: 21%
      services: 76% (2004 est.)

      Unemployment rate:
      5.5% (2005 est.)

      Population below poverty line:
      NA%

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

      Distribution of family income - Gini index:
      23.2 (2002)

      Inflation rate (consumer prices):
      1.9% (2005 est.)

      Investment (gross fixed):
      19.5% of GDP (2005 est.)

      Budget:
      revenues: $144 billion
      expenditures: $135 billion; including capital expenditures of $4.6 billion (2005 est.)

      Public debt:
      35.7% of GDP (2005 est.)

      Agriculture - products:
      barley, wheat, potatoes, sugar beets; pork, dairy products; fish

      Industries:
      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

      Industrial production growth rate:
      4% (2005 est.)

      Electricity - production:
      43.32 billion kWh (2003)

      Electricity - consumption:
      31.68 billion kWh (2003)

      Electricity - exports:
      15.6 billion kWh (2003)

      Electricity - imports:
      7 billion kWh (2003)

      Oil - production:
      376,900 bbl/day (2003)

      Oil - consumption:
      188,300 bbl/day (2003 est.)

      Oil - exports:
      332,100 bbl/day (2001)

      Oil - imports:
      195,000 bbl/day (2001)

      Oil - proved reserves:
      1.23 billion bbl (1 January 2002)

      Natural gas - production:
      7.965 billion cu m (2003 est.)

      Natural gas - consumption:
      5.173 billion cu m (2003 est.)

      Natural gas - exports:
      3.1 billion cu m (2001 est.)

      Natural gas - imports:
      0 cu m (2001 est.)

      Natural gas - proved reserves:
      73.51 billion cu m (1 January 2002)

      Current account balance:
      $7.019 billion (2005 est.)

      Exports:
      $84.95 billion f.o.b. (2005 est.)

      Exports - commodities:
      machinery and instruments, meat and meat products, dairy products, fish, chemicals, furniture, ships, windmills

      Exports - partners:
      Germany 18%, Sweden 13.2%, UK 8.7%, US 5.8%, Netherlands 5.5%, Norway 5.4%, France 5% (2004)

      Imports:
      $74.69 billion f.o.b. (2005 est.)

      Imports - commodities:
      machinery and equipment, raw materials and semimanufactures for industry, chemicals, grain and foodstuffs, consumer goods

      Imports - partners:
      Germany 22.3%, Sweden 13.5%, Netherlands 6.8%, UK 6.1%, France 4.5%, Norway 4.5%, Italy 4.1%, China 4% (2004)

      Reserves of foreign exchange and gold:
      $40.05 billion (2004 est.)

      Debt - external:
      $352.9 billion (30 June 2005)

      Economic aid - donor:
      ODA, $2 billion (2004)

      Currency (code):
      Danish krone (DKK)

      Exchange rates:
      Danish kroner per US dollar - 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002), 8.3228 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Denmark on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Denmark Economy 2006 information contained here. All suggestions for corrections of any errors about Denmark Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/denmark/denmark_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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