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Once the seat of Viking raiders and later a major north European power, Denmark has evolved into a modern, prosperous nation that is participating in the general political and economic integration of Europe. It joined NATO in 1949 and the EEC (now the EU) in 1973. However, the country has opted out of certain elements of the European Union’s Maastricht Treaty, including the European Economic and Monetary Union (EMU), European defense cooperation, and issues concerning certain justice and home affairs.
15-64 years: 65.3% (male 1,811,198/female 1,798,507)
65 years and over: 17.1% (male 417,957/female 527,132) (2011 est.)
male: 40.3 years
female: 42.1 years (2012 est.)
conventional short form: Denmark
local long form: Kongeriget Danmark
local short form: Danmark
geographic coordinates: 55 40 N, 12 35 E
time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time)
daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
over 3,047 m: 2
2,438 to 3,047 m: 7
1,524 to 2,437 m: 4
914 to 1,523 m: 12
under 914 m: 3 (2012)
The Danish economy has in recent year’s undergone strong expansion fuelled 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.
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