US—Ambassador Keith L. BROWN; Embassy at Dag Hammarskjolds Alle 24, 2100 Copenhagen O (mailing address is APO New York 09170); telephone [45] (31) 42 31 44
_#_Flag: 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
_*Economy #_Overview: This modern economy features high-tech agriculture, up-to-date small-scale and corporate industry, extensive government welfare measures, comfortable living standards, and high dependence on foreign trade. The Danish economy is likely to maintain its slow but steady improvement in 1991. GDP grew by 1.3% in 1990 and probably will grow by about 1.25% in 1991; unemployment is running close to 10%. In 1990 Denmark had the lowest inflation rate in the EC, a record trade surplus, and the first balance-of-payments surplus in 26 years. As the government prepares for the economic integration of Europe during 1992, growth, investment, and competitiveness are expected to improve, reducing unemployment, inflation, and debt.
_#_GDP: $78.0 billion, per capita $15,200; real growth rate 1.3% (1990)
_#_Inflation rate (consumer prices): 2.7% (1990)
_#_Unemployment rate: 9.5% (1990)
_#_Budget: revenues $62.5 billion; expenditures $60 billion, including capital expenditures of $NA billion (1989)
_#_Exports: $34.8 billion (f.o.b., 1990);
commodities—meat and meat products, dairy products, transport equipment, fish, chemicals, industrial machinery;
partners—EC 52.2% (Germany 19.5%, UK 10.9%, France 6.1%), Sweden 12.5%, Norway 5.8%, US 5.0%, Japan 4.3% (1990)