This thoroughly modern market 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. Denmark is a net exporter of
food. The center-left coalition government is concentrating on
reducing the unemployment rate and the budget deficit as well as
following the previous government's policies of maintaining low
inflation and a current account surplus. The coalition also vows to
maintain a stable currency. The coalition has lowered marginal income
tax rates while maintaining overall tax revenues; boosted industrial
competitiveness through labor market and tax reforms; increased
research and development funds; and improved welfare services for the
neediest while cutting paperwork and delays. Denmark chose not to join
the 11 other EU members who launched the euro on 1 January 1999.

purchasing power parity - $127.7 billion (1999 est.)

1.3% (1999 est.)

purchasing power parity - $23,800 (1999 est.)

agriculture: 4%
industry: 27%
services: 69% (1997)

NA%

lowest 10%: 3.6%
highest 10%: 20.5% (1992)

2.5% (1999 est.)

2.896 million

services 71%, industry 25%, agriculture
4% (1997 est.)

5.7% (1999 est.)

revenues: $59.7 billion
expenditures: $57.6 billion, including capital expenditures of $NA
(1997 est.)

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

1.5% (1999 est.)

40.277 billion kWh (1998)

fossil fuel: 90.8%
hydro: 0.07%
nuclear: 0%
other: 9.13% (1998)

33.037 billion kWh (1998)

7.1 billion kWh (1998)

2.68 billion kWh (1998)

grain, potatoes, rape, sugar beets; beef,
dairy products; fish

$49.5 billion (f.o.b., 1999)

machinery and instruments, meat and meat
products, fuels, dairy products, ships, fish, chemicals

EU 66.6% (Germany 21.4%, Sweden 11.2%, UK 9.2%,
France 5.3%, Netherlands 4.5%), Norway 6.0%, US 4.7% (1998)

$43.9 billion (f.o.b., 1999)

machinery and equipment, petroleum, chemicals,
grain and foodstuffs, textiles, paper

EU 72.5% (Germany 22.5%, Sweden 12.9%, UK 7.9%,
France 5.9%), Norway 4.6%, US 4.1% (1998)

$44 billion (1996 est.)

ODA, $1.6 billion (1997)

1 Danish krone (DKr) = 100 oere

Danish kroner (DKr) per US$1 - 7.336 (January 2000),
6.976 (1999), 6.701 (1998), 6.604 (1997), 5.799 (1996), 5.602 (1995)

calendar year