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conventional long form: Kingdom of
Denmark
conventional short form: Denmark
local long form: Kongeriget Danmark
local short form: Danmark
Copenhagen. Population: 1.2 million, metropolitan area (2007).
Northern Europe, bordering the Baltic Sea and
the North Sea, on a peninsula north of Germany (Jutland); also includes
two major islands (Sjaelland and Fyn)
43,098 sq
km (16,640 sq miles).
5.5 million (official estimate 2007).
language:
The official language is Danish. Many Danes also speak English, German
or French.
Climate:
Summer extends from June to August. Winter is from
December to March, wet with long periods of frost. February is the
coldest month. Spring and autumn are generally mild.
Economy - overview:
The standard of living is generally high. Compared
to most industrialised countries, Denmark retains a large and
important agricultural sector, two-thirds of whose produce is
exported.
Danish manufacturing depends on imports of raw materials and
components. Iron, steel and the production of other metals are the
most important industries, followed by electronics, chemicals and
biotechnology, paper and printing, textiles, furniture and cement.
Since the discovery of offshore oil and gas reserves in the 1980s,
production has gradually increased to the point where the country can
meet all its domestic energy needs.
Most of Denmark's trade is conducted within the EU, of which it is a
member, although it has proved reluctant to adopt measures that are
perceived as threatening to its sovereignty. It has thus so far
refused to join the single European currency zone.
Recent economic performance has been steady: inflation (below 2%) and
unemployment (3.8%) are better than the EU averages; in 2006, annual
growth was estimated at 3.5%.
Denmark is a member of the Nordic Union. Its links with Scandinavia
were further enhanced by the Øresund road and rail bridge linking it
to Sweden, which opened in 2000. The Malmö/Copenhagen region is now
increasingly integrated economically.
Economy:
The standard of living is generally high. Compared
to most industrialised countries, Denmark retains a large and
important agricultural sector, two-thirds of whose produce is
exported.
Danish manufacturing depends on imports of raw materials and
components. Iron, steel and the production of other metals are the
most important industries, followed by electronics, chemicals and
biotechnology, paper and printing, textiles, furniture and cement.
Since the discovery of offshore oil and gas reserves in the 1980s,
production has gradually increased to the point where the country can
meet all its domestic energy needs.
Most of Denmark's trade is conducted within the EU, of which it is a
member, although it has proved reluctant to adopt measures that are
perceived as threatening to its sovereignty. It has thus so far
refused to join the single European currency zone.
Recent economic performance has been steady: inflation (below 2%) and
unemployment (3.8%) are better than the EU averages; in 2006, annual
growth was estimated at 3.5%.
Denmark is a member of the Nordic Union. Its links with Scandinavia
were further enhanced by the Øresund road and rail bridge linking it
to Sweden, which opened in 2000. The Malmö/Copenhagen region is now
increasingly integrated economically.
food processing, machinery and
equipment, textiles and clothing, chemical products, electronics,
construction, furniture and other wood products, shipbuilding,
windmills
Exports:
Machinery, food, chemicals, wind turbines and furniture.
Imports:
Consumer goods, chemicals, food, petroleum and raw materials.
• Main trade partners: UK, USA, Sweden, Norway and Germany.
Exchange rates:
Danish Krone (DKK; symbol kr) = 100 øre. Notes are in denominations of
kr1,000, 500, 200, 100 and 50. Coins are in denominations of kr20, 10,
5, 2 and 1 and 50 øre.
The 25 øre coin was removed from circulation in October 2008 but will
be accepted by banks until 1 October 2011.
http://www.worldtravelguide.net/country/74/money/Europe/Denmark.html
GDP :
US$257.3 billion
(2006).
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