Compare Denmark (2008) - Denmark (2007)

Compare Denmark (2008) z Denmark (2007)

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	Denmark (2008)	Denmark (2007)

Budget	revenues: $167.9 billion expenditures: $156.1 billion (2007 est.)	revenues: $152.2 billion expenditures: $140.6 billion (2006 est.)
Debt - external	$492.6 billion (30 June 2007)	$405 billion (30 June 2006)
Economy - overview	The Danish economy has in recent years undergone strong expansion fueled primarily by private consumption growth, but also supported by exports and investments. 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. Unemployment is low and capacity constraints are limiting growth potential. 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 so far Denmark has decided not to join 15 other EU members in the euro. Nonetheless, the Danish krone remains pegged to the euro. Economic growth gained momentum in 2004 and the upturn continued through 2007. The controversy over caricatures of the Prophet Muhammad printed in a Danish newspaper in September 2005 led to boycotts of some Danish exports to the Muslim world, especially exports of dairy products, but the boycotts did not have a significant impact on the overall Danish economy. Because of high GDP per capita, welfare benefits, a low Gini index, and political stability, the Danish living standards are among the highest in the world. A major long-term issue will be the sharp decline in the ratio of workers to retirees.	The Danish economy has in recent years undergone strong expansion fueled primarily by private consumption growth, but also supported by exports and investments. 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. Unemployment is low and capacity constraints are limiting growth potential. 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 continued through 2006. The controversy over caricatures of the Prophet Muhammad printed in a Danish newspaper in September 2005 led to boycotts of some Danish exports to the Muslim world, especially exports of dairy products, but the boycotts did not have a significant impact on the overall Danish economy. Because of high GDP per capita, welfare benefits, a low Gini index, and political stability, the Danish living standards are among the highest in the world. A major long-term issue will be the sharp decline in the ratio of workers to retirees.
Exchange rates	Danish kroner per US dollar - 5.4797 (2007), 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003)	Danish kroner per US dollar - 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 6.5877 (2003), 7.8947 (2002)
Exports - partners	Germany 17.3%, Sweden 14.1%, UK 8.7%, US 6.2%, Netherlands 5.4%, Norway 5.4%, France 4.9% (2006)	Germany 17.4%, Sweden 14.2%, UK 8.8%, US 6.2%, Norway 5.5%, Netherlands 5.2%, France 4.9% (2006)
Flag description	red with a white cross that extends to the edges of the flag; the vertical part of the cross is shifted to the hoist side; the banner is referred to as the Dannebrog (Danish flag) note: the shifted design element was subsequently adopted by the other Nordic countries of Finland, Iceland, Norway, and Sweden	red with a white cross that extends to the edges of the flag; the vertical part of the cross is shifted to the hoist side, and that design element of the Dannebrog (Danish flag) was subsequently adopted by the other Nordic countries of Finland, Iceland, Norway, and Sweden
GDP - composition by sector	agriculture: 1.6% industry: 26.3% services: 72.1% (2007 est.)	agriculture: 1.6% industry: 26.1% services: 72.2% (2006 est.)
GDP - real growth rate	1.7% (2007 est.)	3.5% (2006 est.)
Imports - partners	Germany 21.4%, Sweden 14.2%, Norway 6.5%, Netherlands 6.3%, UK 5.7%, China 5%, France 4.4% (2006)	Germany 21.4%, Sweden 14.1%, Norway 6.5%, Netherlands 6.3%, UK 5.5%, China 5%, France 4.4% (2006)
Industrial production growth rate	1.5% (2007 est.)	2.5% (2006 est.)
Inflation rate (consumer prices)	1.5% (2007 est.)	1.9% (2006 est.)
International organization participation	ADB (nonregional members), AfDB, Arctic Council, Australia Group, BIS, CBSS, CE, CERN, EAPC, EBRD, EIB, ESA, EU, FAO, G- 9, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NATO, NC, NEA, NIB, NSG, OAS (observer), OECD, OPCW, OSCE, Paris Club, PCA, Schengen Convention, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIL, UNMOGIP, UNOMIG, UNRWA, UNTSO, UPU, WCO, WEU (observer), WHO, WIPO, WMO, WTO, ZC	AfDB, Arctic Council, AsDB, Australia Group, BIS, CBSS, CE, CERN, EAPC, EBRD, EIB, ESA, EU, FAO, G- 9, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURSO, MONUC, NATO, NC, NEA, NIB, NSG, OAS (observer), OECD, OPCW, OSCE, Paris Club, PCA, Schengen Convention, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIL, UNMOGIP, UNOMIG, UNRWA, UNTSO, UPU, WCO, WEU (observer), WHO, WIPO, WMO, WTO, ZC
Labor force	2.9 million (2007 est.)	2.911 million (2006 est.)
Legislative branch	unicameral People's Assembly or Folketinget (179 seats, including 2 from Greenland and 2 from the Faroe Islands; members are elected by popular vote on the basis of proportional representation to serve four-year terms) elections: last held 13 November 2007 (next to be held in 2011) election results: percent of vote by party - Liberal Party 26.2%, Social Democrats 25.5%, Danish People's Party 13.9%, Socialist People's Party 13.0%, Conservative People's Party 10.4%, Social Liberal Party 5.1%, New Alliance 2.8%, Red-Green Alliance 2.2%, other 0.9%; seats by party - Liberal Party 46, Social Democrats 45, Danish People's Party 25, Socialist People's Party 23, Conservative People's Party 18, Social Liberal Party 9, New Alliance 5, Red-Green Alliance 4; note - does not include the two seats from Greenland and the two seats from the Faroe Islands	unicameral People's Assembly or Folketinget (179 seats, including 2 from Greenland and 2 from the Faroe Islands; members are elected by popular vote on the basis of proportional representation to serve four-year terms) elections: last held 13 November 2007 (next to be held in 2011) election results: percent of vote by party - Liberal Party 26.2%, Social Democrats 25.5%, Danish People's Party 13.9%, Socialist People's Party 13.0%, Conservative People's Party 10.4%, Social Liberal Party 5.1%, other 5.9%; seats by party - Liberal Party 46, Social Democrats 45, Danish People's Party 25, Socialist People's Party 23, Conservative People's Party 18, Social Liberal Party 9, other 9; note - does not include the two seats from Greenland and the two seats from the Faroe Islands
Pipelines	condensate 11 km; gas 4,073 km; oil 617 km; oil/gas/water 2 km (2007)	condensate 12 km; gas 3,931 km; oil 626 km; oil/gas/water 2 km (2006)
Political parties and leaders	Christian Democrats [Bodil KORNBEK] (was Christian People's Party); Conservative Party [Bendt BENDTSEN] (sometimes known as Conservative People's Party); Danish People's Party [Pia KJAERSGAARD]; Liberal Party [Anders Fogh RASMUSSEN]; New Alliance [Naser KHADER]; Red-Green Unity List (Alliance) [collective leadership] (bloc includes Left Socialist Party, Communist Party of Denmark, Socialist Workers' Party); Social Democratic Party [Helle THORNING-SCHMIDT]; Social Liberal Party [Margrethe VESTAGER]; Socialist People's Party [Villy SOEVNDAL]	Christian Democrats [Bodil KORNBEK] (was Christian People's Party); Conservative Party [Bendt BENDTSEN] (sometimes known as Conservative People's Party); Danish People's Party [Pia KJAERSGAARD]; Liberal Party [Anders Fogh RASMUSSEN]; New Alliance [Naser KHADER]; Red-Green Unity List [collective leadership] (bloc includes Left Socialist Party, Communist Party of Denmark, Socialist Workers' Party); Social Democratic Party [Helle THORNING-SCHMIDT]; Social Liberal Party [Margrethe VESTAGER]; Socialist People's Party [Villy SOEVNDAL]
Unemployment rate	3.5% (2007 est.)	3.8% (2006 est.)

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