Denmark

Names: conventional long form: Kingdom of Denmark conventional short form: Denmark local long form: Kongeriget Danmark local short form: Danmark

Capital City: Copenhagen

Population: 5,450,661 (July 2006 est.)

GDP Per Capita: $37,000 (2006 est.)

Currency: Danish krone (DKK)

Languages: Danish, Faroese, Greenlandic (an Inuit dialect), German (small minority) note: English is the predominant second language

Total Area: total: 43,094 sq km land: 42,394 sq km water: 700 sq km note: includes the island of Bornholm in the Baltic Sea and the rest of metropolitan Denmark (the Jutland Peninsula, and the major islands of Sjaelland and Fyn), but excludes the Faroe Islands and Greenland slightly less than twice the size of Massachusetts

Region: Europe

Industries: iron, steel, nonferrous metals, chemicals, food processing, machinery and transportation equipment, textiles and clothing, electronics, construction, furniture and other wood products, shipbuilding and refurbishment, windmills, pharmaceuticals, medical equipment

Agriculture: barley, wheat, potatoes, sugar beets; pork, dairy products; fish

Resources: petroleum, natural gas, fish, salt, limestone, chalk, stone, gravel and sand

Labor Force: 2.91 million (2006 est.)
agriculture: 3% industry: 21% services: 76% (2004 est.)

Exports: $93.93 billion f.o.b. (2006 est.)
machinery and instruments, meat and meat products, dairy products, fish, chemicals, furniture, ships, windmills

Imports: $89.32 billion f.o.b. (2006 est.)
machinery and equipment, raw materials and semimanufactures for industry, chemicals, grain and foodstuffs, consumer goods

Overview: The Danish economy is undergoing strong expansion fueled by private consumption growth, low unemployment, rising real wages, and a strong increase in house prices. 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 continued through 2006. 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.

CIA World Book

In 2007 Missouri exported $23,107,775 in goods to Denmark. This ranks Denmark 35th among the 223 international buyers of Missouri goods. Missouri exports to Denmark increased from the previous year by $7,657,311 a change of 49.56%. State exports to Denmark have increased over the last 5 years by $11,426,192 a change of 97.81%. Missouri exports account for .17%. of all 2007 US exports to Denmark.



NAICS Industry Annual
2002 2003 2004 2005 2006 2007
000 - Total All Industries MO 11,681,583 10,119,632 15,307,822 25,240,051 15,450,464 23,107,775
000 - Total All Industries US 1,496,172,982 1,548,392,301 2,146,915,450 1,913,307,220 2,268,315,987 2,927,239,264
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