About Denmark

The Kingdom of Denmark consists of Denmark, Greenland and the Faroe Islands.

 

Area

Denmark: 43,094 sq. km. The Faroe Islands: 1,393 sq. km. Greenland: 2,166,086 sq. km.

 

Geography

Denmark is situated in Northern Europe between the North Sea and the Baltic Sea, between continental Europe and the Scandinavian Peninsula. Denmark consists of the Jutland peninsula, two major islands (Funen and Zealand) and 404 other islands, connected by numerous bridges and ferries.

The capital is Copenhagen on the island of Zealand.

No Dane lives more than 52 km. from the sea.

The total length of the coastline is 7,314 km.

The Jutland peninsula is connected to continental Europe, bordering on Germany to the South. The length of the border is 68 km.

To the east, the international waterway of Oresund provides the border to Sweden.

The climate is temperate, generally with mild winters and cool summers.

 

Parliament and Government

Denmark is a constitutional monarchy. The monarch is Queen Margrethe II (since 14 January 1972)

 

Parliament

The Folketing has 179 seats, including 2 from Greenland and 2 from the Faroe Islands. Eight political parties are represented in the parliament.

The current government coalition consists of the Social Democrats (Socialdemokratiet) and the Social Liberal Party (De Radikale Venstre).

 

Prime Minister Helle Thorning Schmidt (Social Democrats) - since October 3rd 2011.

 

Minister of Foreign Affairs is Martin Lidegaard (Social Liberal Party).

 

Population

Denmark: 5,569,077 (2014 est.) The Faroe Islands: 49.947 (2014 est.) Greenland: 57.728 (2014 est.)

 

Ethnic groups

Scandinavian, Inuit, Faroese, German, Turkish, Iranian, Somali

 

Religions

Evangelical Lutheran 80%, Muslim 4%, other (includes Roman Catholic, Jewish, Buddhist, Baptist, Serbian Orthodox Christian and Jehovas Witness) 16%

 

Languages

Danish, Faroese, Greenlandic (an Inuit dialect), German (small minority). English is the predominant second language.

 

Flag description

Dannebrog (Danish flag) and is one of the oldest national flags in the world.

The best known legend about the origin of the flag design is, that the banner fell from the sky during an early-13th century battle; caught up by the Danish king before it ever touched the earth, this heavenly talisman inspired the royal army to victory.

 

Economy

This thoroughly modern market economy features a high-tech agricultural sector, state-of-the-art industry with world-leading firms in pharmaceuticals, maritime shipping and renewable energy, and a high dependence on foreign trade.

The Danish economy is also characterized by extensive government welfare measures, an equitable distribution of income, and comfortable living standards.

Denmark is a net exporter of food and energy and enjoys a comfortable balance of payments surplus, but depends on imports of raw materials for the manufacturing sector.

After a long consumption-driven upswing, Denmark's economy began slowing in 2007 with the end of a housing boom. Housing prices dropped markedly in 2008-09 and, following a short respite in 2010, have since continued to decline.

The global financial crisis has exacerbated this cyclical slowdown through increased borrowing costs and lower export demand, consumer confidence, and investment. Denmark made a modest recovery in 2010, in part because of increased government spending; however, the country experienced a technical recession in late 2010-early 2011 and has been slow to emerge from it in 2012-14. Historically low levels of unemployment rose sharply with the recession and have remained at about 6% in 2010-13, based on the national measure, about two-thirds average EU unemployment.

Denmark maintained a healthy budget surplus for many years up to 2008, but the budget balance swung into deficit in 2009, where it remains. In spite of the deficits, the new coalition government delivered a modest stimulus to the economy in 2012.

Nonetheless, Denmark's fiscal position remains among the strongest in the EU.

 

Despite previously meeting the criteria to join the European Economic and Monetary Union (EMU), so far Denmark has decided not to join.

 

GDP (purchasing power parity) $248.7 billion (2014 est.)

GDP (official exchange rate) $347.2 billion (2014 est.)

GDP - real growth rate 1.5% (2014 est.) 0.4% (2013 est.) -0.4% (2012 est.)

GDP - per capita (PPP) $44,300 (2014 est.) $43,800 (2013 est.) $43,700 (2012 est.)

note: data are in 2013 US dollars

GDP - composition by sector

agriculture: 1.3% industry: 21.2% services: 77.5% (2014 est.)

Unemployment rate 5.2% (2014 est.) 5.7% (2013 est.)

 

Agriculture

Products barley, wheat, potatoes, sugar beets, pork, dairy products; fish

 

Natural resources

Petroleum, natural gas, fish, salt, limestone, chalk, stone, gravel and sand

 

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

 

Exports – Commodities

Machinery and instruments, meat and meat products, dairy products, fish, pharmaceuticals, furniture, windmills

 

Exports - main partners

Germany 17.8%, Sweden 14.5%, UK 8.1%, Norway 5.7%, US 5.4%, Netherlands 4.8%, France 4.7% (2008)

 

Imports - commodities

Machinery and equipment, raw materials and semi-manufactures for industry, chemicals, grain and foodstuffs, consumer goods

 

Imports - main partners

Germany 17.3%, Sweden 12.4%, UK 8.9%, USA 6.3%, Norway 6.2%, Netherlands 4.7% (2013)

 

Exchange rates

Danish kroner (DKK) per US dollar - 5.587 (2014)

 

Transportation

Airports with international scheduled airline services:

Copenhagen, Billund, Aalborg, Aarhus, Esbjerg

 

Ports and terminals:

Aalborg, Aarhus, Copenhagen, Esbjerg, Fredericia, Kalundborg

 

 

Source: CIA World Factbook, 2015