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Population:
5.41 million.
Government:
Coalition between Venstre (Denmark’s Liberal Party) and Det Konservative Folkeparti (The Conservative People’s Party).
GDP per capita (purchasing power parity):
US$ 32,300 (OECD: 27,800).
Economic key figures:
Annual GDP growth: 1.7 % (OECD: 3.5 %); inflation: 1.2 % (OECD: 2.7 %); unemployment rate (harmonised): 5.4 % (OECD: 7.1 %); general government budget balance: 1.7 % of GDP (OECD: -1.1 %).
Labour Market:
Employment rate: 75.7 % of working-age population (OECD: 66.7 %).
Education:
Percentage of population with at least upper secondary education (2003): 81.8 % (OECD: 68.7 %); percentage of population with a higher education (2003): 31.5 % (OECD: 24 %).
Information technology:
No. 1 in Economic Intelligence Unit’s e-readiness ranking (2006) – score 9.0 out of 10 (OECD. 7.6).
Research and development expenditures (2003):
Public sector: 0.8 % of GDP (OECD: 0.7 % of GDP), private sector: 1.8 % of GDP (OECD: 1.5 % of GDP).
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Entrepreneurship:
New companies constitute almost 10 % of the total number of companies in Denmark. This is on a level with the best performing entrepreneurial countries.
Good governance (World Bank, index; scale = 0-100):
Voice and accountability: 100 (OECD: 87.9), political stability and absence of violence: 89.8 (OECD: 77.5), government effectiveness: 98.6 (OECD: 87), control of corruption: 98 (OECD: 85.2).
Foreign policy and development aid:
Member of the UN Security Council 2005-2006; among the world’s largest donors with an aid level of 0.8 % of GDP.
Attitude towards globalisation (Eurobarometer 2006):
77 % of the Danes see globalisation first and foremost as a good opportunity for companies thanks to the opening-up of markets (EU: 37 %).
Active international partner:
Membership of the European Union, NATO, WTO, United Nations, OSCE, Council of Europe, Nordic Council, OECD, ASEM, the World Bank, IMF etc.
The ranking of Denmark in four international surveys
No. 1 Economist Intelligence Unit’s Global Business Environment Ranking 2006 No. 5 World Competitiveness Yearbook 2006 (IMD) No. 4 Growth Competitiveness Index 2005 (World Economic Forum) No. 7 Foreign Policy’s Globalisation Index 2005
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