The Danish economy has in recent years undergone strong expansion fueled primarily by private consumption growth, but also supported by exports and investments. 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. Unemployment is low and capacity constraints are limiting growth potential. 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. The controversy over caricatures of the Prophet Muhammad printed in a Danish newspaper in September 2005 led to boycotts of some Danish exports to the Muslim world, especially exports of dairy products, but the boycotts did not have a significant impact on the overall Danish economy. Because of high GDP per capita, welfare benefits, a low Gini index, and political stability, the Danish living standards are among the highest in the world. A major long-term issue will be the sharp decline in the ratio of workers to retirees.
More finance information from Denmark:
General Economic Links:
| Chase.com |
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| DealBook |
| The New York Times online daily digest of finance news and analysis is constantly updated during the market day.
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| Financial Times |
| This venerable international business newspaper reports extensively on business and stock markets.
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| Financial-portal.com |
Portal presents comprehensive financial resources, articles, news, stats, indexes, financial institutions etc:
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| Finweb.com - the independent financial portal |
| "Financial security. Everyone wants it; few have it. Many do not realize that true financial security requires strength in every area of one’s financial affairs. It requires a systematic approach, a strategic plan implemented over time, in order to obtain it. But it can be obtained. With the proper educational training and discipline, financial stability and security is within anyone’s grasp. That’s why we’re here: to provide you with a solid foundation of valuable financial knowledge from which to proceed..."
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| Fitch Ratings |
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| Forbes.com |
| Extensive coverage of business and financial news, Forbes is one of the premier sites covering the world of business.
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| Google Finance |
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| Kiplinger |
| Personal finance site that offers calculators, business news, quotes and much more personal finance information
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| MarketWatch |
| This Dow Jones operated site provides personal finance news, advice and stock market data and analysis
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| MSN Money |
| The MSN (Microsoft Network) provides a finance portal including latest finance news, market updates and resources.
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| Yahoo Finance |
| The Yahoo search engine provides a finance portal with breaking news, market summaries and editor articles.
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