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Denmark

Denmark is a Scandinavian sovereign state in Northern Europe, with two additional overseas constituent countries also forming integral parts of the kingdom: Greenland and the Faroe Islands in the North Atlantic. Continental Denmark is the southernmost of the Nordic countries, located southwest of Sweden, with which it is connected by the Oresund Bridge and south of Norway, and bordered to the south by Germany. The country consists of a large peninsula, Jutland, and many islands, most notably Zealand, Funen, Lolland, Falster and Bornholm, as well as hundreds of minor islands often referred to as the Danish Archipelago.

Denmark has a modern, prosperous and developed mixed market economy, ranking 21st in the world in terms of GDP (PPP) per capita and 10th in nominal GDP per capita. Denmark’s economy stands out as one of the most free in the Index of Economic Freedom and the Economic Freedom of the World. The economy has high levels of international trade and Denmark is known as a free trade advocate in the European Union. Denmark is one of the most competitive economies in the world according to World Economic Forum 2008 report, IMD and The Economist.

Support for free trade is high – in a 2007 poll 76% responded that globalisation is a good thing. 70% of trade flows are inside the European Union. Denmark has the 9th highest export per capita in the world. Denmark’s main exports are: industrial production/manufactured goods 73.3% (of which machinery and instruments were 21.4%, and fuels, chemicals, etc. 26%); agricultural products and others for consumption 18.7% (in 2009 meat and meat products were 5.5% of total export; fish and fish products 2.9%).Denmark is a net exporter of food and energy and has for a number of years had a balance of payments surplus while battling an equivalent of approximately 39% of GNP foreign debtor more than 300 billion DKK.

Denmark is considered as the World’s happiest country. What’s more, the Net wages rate offered in Denmark are much higher than other European countries and unemployment is at a low 3.5%. While Danish is the official Language, a majority of the people speak English.

The country offers free education for children & has low housing cost as well as a low crime rate.

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