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    Denmark Economy 1997
    https://photius.com/wfb1997/denmark/denmark_economy.html
    SOURCE: 1997 CIA WORLD FACTBOOK

      Economy - overview This thoroughly modern market economy features high-tech agriculture,up-to-date small-scale and corporate industry, extensive government welfaremeasures, comfortable living standards, and high dependence on foreign trade.Denmark is a net exporter of food. The center-left coalition government willconcentrate on reducing the persistently high unemployment rate and the budgetdeficit as well as following the previous government's policies of maintaininglow inflation and a current account surplus. The coalition also vows to maintaina stable currency. The coalition has lowered marginal income taxes while maintainingoverall tax revenues; boosted industrial competitiveness through labor marketand tax reforms and increased research and development funds; and improvedwelfare services for the neediest while cutting paperwork and delays. PrimeMinister RASMUSSEN's reforms focus on adapting Denmark to the criteria forEuropean integration by 1999; Copenhagen has won from the European Union (EU)the right to opt out of the European Monetary Union (EMU). Denmark is, infact, one of the few EU countries likely to fit into the EMU on time.

      GDP purchasing power parity - $118.2 billion (1996 est.)

      GDP - real growth rate 2% (1996 est.)

      GDP - per capita purchasing power parity - $22,700 (1996 est.)

      GDP - composition by sector
      agriculture: 4%
      industry: 27%
      services: 69% (1995)

      Inflation rate - consumer price index 2.1% (1996 est.)

      Labor force
      total: 2,895,950
      by occupation: private services 40%, government services 30%, manufacturing and mining19%, construction 6%, agriculture, forestry, and fishing 5% (1995)

      Unemployment rate 8.2% (November 1996)

      Budget
      revenues: $62.1 billion
      expenditures: $66.4 billion, including capital expenditures of $NA (1996 est.)

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

      Industrial production growth rate 3.4% (1996)

      Electricity - capacity 9.458 million kW 000 kW

      Electricity - production 34.6 billion kWh

      Electricity - consumption per capita 6,411 kWh (1995)

      Agriculture - products grain, potatoes, rape, sugar beets; meat, dairy products; fish

      Exports
      total value: $47.6 billion (f.o.b., 1996 est.)
      commodities: machinery and instruments 25%, meat and meat products, fuels, dairyproducts, ships, fish, chemicals
      partners : Germany 22.5%, Sweden 9.7%, UK 7.9%, Norway 5.9%, France 5.4%, Netherlands4.4%, US 4.0% (1995)

      Imports
      total value: $42.4 billion (c.i.f., 1996 est.)
      commodities: machinery and equipment, petroleum 25%, chemicals, grain and foodstuffs,textiles, paper
      partners : Germany 21.7%, Sweden 11.7%, Netherlands 7.0%, UK 6.6%, France 5.2%,Norway 4.9%, US 4.7%, Japan 3.5%, FSU 1.7% (1995)

      Debt - external $44 billion (1996 est.)

      Economic aid
      donor: ODA, $1.34 billion (1993)

      Currency 1 Danish krone (DKr) = 100 oere

      Exchange rates Danish kroner (DKr) per US$1 - 6.117 (January 1997), 5.799 (1996), 5.602(1995), 6.361 (1994), 6.484 (1993), 6.036 (1992)

      Fiscal year calendar year

      NOTE: The information regarding Denmark on this page is re-published from the 1997 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Denmark Economy 1997 information contained here. All suggestions for corrections of any errors about Denmark Economy 1997 should be addressed to the CIA.

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    https://photius.com/wfb1997/denmark/denmark_economy.html

    Revised 06-Mar-02
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    ctr03/06/02