PRODUCTS / ECONOMICS / Denmark

Denmark

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Denmark has a diverse, mixed economy. It relies heavily on human resources, but not exclusively, as there are a few significant and valuable natural resources available, including mature oil and gas wells in the North Sea. Cooperatives form a large part of some sectors, be it in housing, agriculture or retail. Foundations play a large role as owners of private sector companies.

Denmark's nominal GDP was estimated to be $333,238 million, the 32nd largest in the world.
It has the world's lowest level of income inequality, according to the World Bank Gini (%), but no legally stipulated minimum wage.
As of January 2015 the unemployment rate is at 6.2%, which is below the Euro Area average of 11.2%.

As of 28 February 2014 Denmark is among the countries with the highest credit rating.
 
AGRICULTURE
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Denmark is world famous for its agriculture and food sector. Danish farmers produce an amount of food sufficient to supply 15 million people every year – three times the Danish population.
⅔ of the Danish agricultural production is exported to more than 100 countries all over the world.

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Located in the temperate climate zone, Danish farmers have a good starting point for producing crops. The main crops in Denmark are small grains, mainly wheat and barley. Fodder crops, mainly grass and maize for silage, amounts to 780,000 hectares, but Denmark is also an important producer of sales crops such as rapeseed, sugar beets and grass seeds of various types. Vegetables and potatoes cover 60,000 hectares.

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Pork production is the most significant factor in financial terms. The production has become highly specialized. In 1980, an average farm has about 150 pigs, but this figure is now as high as 2.900 pigs. denmark is one of the world’s largest exporters of pork.

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Milk production is economically the second largest type of agricultural production. Since the middle of the 1980s, the stock of dairy cows has fallen by one third, but a substantial increase in the average mild yield per dairy cow has implied that productions has remained constant at 5 billion kg. Of all milk, about 10 % come from organic farming.
 
TURISM
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Denmark is the most popular holiday destination in the Nordic Region among foreign tourists. We are a tourism nation, which is reflected with a high ranking within Europe, when comparing the number of tourists against the number of inhabitants. Tourism creates turnover close to 91.9 billion DKK and it creates 111.460 jobs.


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Every time a tourist takes a hotel room, eats an ice cream on the harbour, visits a museum or rents a bik - additional turnover is generated in Denmark. This creates new jobs, which by their nature cannot be moved abroad.

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2014 was a record year in Danish tourism. The goal will be to continue the positive development. The 23.2 million foreign bednights in Denmark is the highest number since 2003. And 2015 is expected to become even better.

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Tivoli opened on August 15, 1843 by Georg Carstensen. It is one of the oldest in the world. The oldest is also Danish and it is called “Bakken”. It is situated north of Copenhagen, while Tivoli is in the center of Copenhagen.

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A famous theme park is Legoland. The story of Legoland Billund begins with the toy bricks invented by Ole Kirk Christiansen, a carpenter from Billund. Christiansen first began producing toys under the name Lego in 1934. LEGO means PLAY WELL. Legoland opened in 1968, and has since then opened in Windsor (England), California, Florida, Germany and the latest in Malaysia.
 
INDUSTRY
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The industry is one of the large, traditional industrial sectors. Industry statistics provide answers to questions about what and how much the industry buys, produces and sells. It is determined how much the stocks change.

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Without the industries of global transport and energy, you would not have electronic devices, the shoes on your feet, or the petrol that powers your car. However, as the global economy develops, so too does the need for greater levels of trade and an even larger demand on energy sources. The Maersk Group operates within both of these industries striving to continuously push boundaries and provide innovative solutions that will help the overall industries.

Slide 2
Vestas is the only global energy company dedicated exclusively to wind energy. Founded in 1898 as a blacksmith shop in western Denmark, they started producing wind turbines in 1979, and have since gained a market-leading position with more than 71 GW of installed wind power and more than 49 GW under service globally.

Slide 3
Novo Nordisk is a global healthcare company that for more than 90 years has stood for innovation and leadership in diabetes care. This long term commitment has given us the experience and skills that today makes it possible to also help combat other serious chronic conditions: haemophilia, growth disorders and obesity.
Novo Nordisk, based in Denmark, employs around 40,300 employees in 75 countries and markets its products in more than 180 countries.
 
EXPORT

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Denmark is an exporting country with a lot of exports. The export exceeds our imports and it has done that the last 20 years. Denmark’s main export is food (especially pork), construction and building, medicine and windmills.


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80% of Danish exports go to Europe. The largest exports countries are Germany, Sweden and Great Britain. Together they are 30 % of our export. But we also export to North America, Asia, South America, Africa and Oceania…
Since 1987, Denmark has had a surplus on trade in goods...
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