Denmark has transformed into a prosperous and modern nation that actively participates in the general, political and the economic integration of Europe. Since its economy has been doing more than fine, this great European nation has become a promising location for international business investors.
Denmark also provides free basic health care and emergency hospitalization through their tax structure, which is one of the highest in the world. Danes are also offered college education for free.
Vital data points in Denmark
|GDP (billion USD)||350|
|GDP per capita (USD)||60,170|
|GDP per capita PPP (USD)||62,089|
|Purchasing power per dollar, compared to the USA||76%|
|Surface area (sq km)||42,933|
|% of population living in urban areas||87.99%|
|% of GDP added by agriculture – industry – services||1.41% – 20.92% – 64.85%|
|Ease of doing business index (1 = best, 180 = lowest)||4|
Business culture and index
According to the data from the World Bank in the year 2019, Denmark ranked number 4 out of 180 countries in the ease of doing business index. In other words, it is one of the best countries to do business in. It is also known to have the highest employment rate in all of Europe, which is about 75%.
Denmark’s most inviting business sectors
Metal, food processing, textile and clothing, electronics, construction, furniture, pharmaceuticals and medical equipment are some of the key industries in Denmark and worth exploring.
Denmark’s top export commodities
- Machinery and instruments
- Meat and meat products
- Dairy products
Denmark’s top export partners (percentage of top exports)
- Germany (13.7%)
- Sweden (9.9%)
- UK (5.5%)
- US (4.7%)
- Norway (5.8%)
- Netherlands (4.9%)
What is Denmark’s political make up?
Denmark is a Constitutional Monarchy in which the Monarchical Head receives a title via hereditary means. The Prime Minister on the other hand is elected via legislative elections as the leader of the majority party. The monarch officially appoints the Prime Minister.
The next elections are scheduled to be held in June 2019.
Denmark’s national holiday list 2016
The following is a list of national holidays for Denmark in 2016. Most offices, institutes and colleges are non-operational on these days
|January 1||New Year’s Day|
|February 7||Carnival Day|
|March 24||Maundy Thursday|
|March 25||Good Friday|
|March 28||Easter Monday|
|April 22||Great Prayer Day|
|May 5||Ascension Day|
|May 15||Whit Sunday|
|May 16||Whit Monday|
|December 25||Christmas Day|
|December 26||2nd Christmas Day|
Denmark is a progressive nation with an advanced economy. With a reputation of being modern and high tech, we can see signs of the nation’s futuristic outlook in sectors such as agriculture, renewable energy, and pharmaceuticals among others.Though Denmark is an active exporter, it relies heavily on raw materials from international locations for the purpose of manufacturing.
It plays host to many trade shows in the areas of agriculture, finance, energy, transport and more, making it a global business destination.
However it’s imperative that one undertakes extensive market research and studies important data about the country and industry one wishes to enter in Denmark.