Diplomatic representation from the US:
chief of mission: Ambassador James P. CAIN
embassy: Dag Hammarskjolds Alle 24, 2100 Copenhagen
mailing address: PSC 73, APO AE 09716
telephone: [45] 33 41 71 00
FAX: [45] 35 43 02 23
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, and that
design element of the Dannebrog (Danish flag) was subsequently
adopted by the other Nordic countries of Finland, Iceland, Norway,
and Sweden
Economy Denmark
Economy - overview:
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. 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
accelerated through 2005. Because of high GDP per capita, welfare
benefits, a low Gini index, and political stability, the Danish
people enjoy living standards topped by no other nation. A major
long-term issue will be the sharp decline in the ratio of workers to
retirees.
GDP (purchasing power parity):
$189.3 billion (2005 est.)
GDP (official exchange rate):
$243.4 billion (2005 est.)
GDP - real growth rate:
3.2% (2005 est.)
GDP - per capita (PPP):
$34,800 (2005 est.)
GDP - composition by sector: agriculture: 1.8% industry: 24.6% services: 73.5% (2005 est.)
Labor force: 2.9 million (2005 est.)