Denmark is a developed western industrialized country. It has a well-developed agriculture, fisheries and food processing industry, and is known as the European cheese market. It has advanced production technology and experience in many industrial fields. The government adheres to a moderately tight fiscal policy, and takes active measures to stabilize the financial market and the exchange rate. 28 September 2000, Denmark's referendum rejected joining the eurozone, still adhere to the "exchange rate peg" and "interest rates follow" as the main feature of the "quasi-euro policy". "In 2004, the Danish government continued to implement the zero-growth tax policy, support the development of high-tech and biotechnology industries, stimulate market investment and consumption, GDP and foreign trade continued to rise, the balance of payments and the public **** fiscal surplus continued to expand, and the inflation rate remained stable. Denmark was ranked fourth in the World Economic Forum (WEF) 2005-2006 Global Competitiveness Ranking.
Denmark is the world's most advanced country in wind power generation, has the world's largest shipping group Maersk, brand-name audio manufacturer B& O, toy manufacturers such as Lego enterprises. Denmark is a major exporter of food as well as energy. Although the Danish economy is well above the standards set by the European Monetary Union, a referendum held in September 2000 decided that Denmark would not participate in the euro, the unified currency used by the other 11 European Union countries.
In 2012, Denmark's main economic indicators were as follows:
Gross Domestic Product (GDP): approximately $312.8 billion.
GDP per capita: about $56,000
Economic growth rate: -0.6%.
Currency name: Danish krone (Krone), 1 krone = 100 euros (?re)
Exchange rate: 1 U.S. dollar = 5.79 Danish krone; 1 euro = 7.45 Danish krone.
Inflation: 2.4 percent.
Unemployment: 5.8 percent.
(Source: Statistics Denmark) The services sector is well developed, accounting for about 76% of GDP. They mainly include commerce, telecommunications, finance, insurance, tourism and technical services. Tourism is an important industry in the Danish service sector, in 2009 tourism revenue of 38.56 billion kroner, the average annual foreign tourists about 2 million people. 2011 *** there are 599 hotels, guest beds 129,000, foreign tourists stayed 43.6 million nights. The main tourist attractions are Copenhagen, Odense, the hometown of Hans Christian Andersen, Lego City, the west coast of the Jutland Peninsula and Sk?ne, the northernmost corner of the peninsula.
Transportation
Sea, land and air transportation is well developed. Merchant ships are mainly engaged in international transportation.
Railways: In 2011, the total length of railroads was 2,667 kilometers, of which 514 kilometers were privately owned. 2010 passenger traffic was 230 million, and freight traffic was 8.12 million tons.
Roads: the total length of roads in 2011 was about 74,000 kilometers, of which 1,130 kilometers were expressways.*** There were about 3.07 million vehicles of all kinds, including 2.12 million small cars, 495,000 trucks, and 15,000 public ****cars.****The volume of freight transported on roads in 2011 was 169 million tons.
Water transport: In 2010, the total length of waterways was 400 kilometers, with 520,000 ships docked at ports, the total amount of water freight was 870 million tons, and passenger traffic was 41.65 million. There are 137 ports in the country, with the ports of Aarhus and Fidelisia leading the way in terms of cargo volume.
Air transportation: In 2011*** there are 23 airports and more than a thousand civil aircraft of all types. Scandinavian Airlines is owned by Sweden, Denmark and Norway***, with Denmark holding a 2/7 share. Copenhagen Kastrup Airport is the largest air port in Denmark, but also an important aviation hub in the north of Europe. 26.63 million air passengers in 2011, 1.51 million tons of cargo. Railroads: In 2010, the total length of railroads was 2,667 kilometers, of which 514 kilometers were privately owned. 6,163 million passenger-kilometers and 6,163 million tonne-kilometers of freight were carried in 2009.
Tourism
The tourism industry earned 35.16 billion kroons in 2003, or 2.5 percent of GDP that year. With 71,000 people employed, tourism is the number one service industry in Denmark. The average annual number of foreign tourists is about 2 million. *** There are 557 hotels with more than 106,000 guest
beds. The main tourist attractions are Copenhagen, Hans Christian Andersen's hometown - Odense, Lego Block City and the west coast of the Jutland Peninsula and the northernmost corner of Sk?ne. (Source: Danish Tourist Board)
Finance
The two largest banks are Danmarksbank and Nordea.In 2000, the former second largest bank, Union Bank, merged with Melita Nordbank, a joint venture between Sweden and Finland, to create Nordea.In 2001, BG Bank, the former third-largest bank, joined the Danish banking group.In April 2007, BG Bank was BG Bank was merged by Danmarksbank, a member of the Danish Banking Group. A.P. Moeller Group: Established in 1904. Mainly engaged in shipbuilding and marine transportation, oil and gas exploration and development, air transportation, and merchandise retailing. There are 70 subsidiaries in 100 countries with more than 60,000 employees. The two main subsidiaries are Svendborg Steamship Company and Maersk Shipping Company.
Novo Group: Formerly known as Novo Nordisk, established in 1923. The world's leading pharmaceutical and biochemical products group of companies, the production of insulin and enzyme preparations accounted for more than 50% and 40% of the world market share. In 68 countries and regions with subsidiaries or offices, *** has 16,000 employees. 2000 November formally divided into two companies, responsible for the pharmaceutical business company to follow the original name, responsible for the enzyme business company renamed Novozymes (Novozymes). 1995 the group invested about 200 million U.S. dollars to set up factories in Tianjin, Denmark's largest enterprises in China.
Danfoss Group (Danfoss): Denmark's largest industrial enterprises, mainly produces heating, cooling and transmission and speed control temperature control components. There are subsidiaries in many countries in the world, *** there are 17,000 employees. 1995 in tianjin to establish danfoss (tianjin) co.,ltd, mainly produces radiator thermostatic control valve, thermal expansion valve, water valve, condensing unit and related products.
Lego: a Danish toy company, also refers to the company's building block toys, which are made up of colorful plastic blocks, gears, minifigs, and a variety of different other parts that make up a variety of things. Outward foreign direct investment in 2008 was 137 billion kroner, and foreign direct investment in Denmark was 51 billion kroner. Foreign Aid In 2008, Danish foreign aid totaled 11.47 billion kroner, or 0.82% of GDP for the year. The focus of assistance is on refugees, health care, rural development and environmental protection. The main recipients are Tanzania, Mozambique, Uganda and Cameroon. The production of insulin and enzyme preparations accounted for more than 50% and 40% of the world market share respectively.
Foreign trade is the lifeblood of Dan's economy. The main raw materials rely on imports, product sales rely on the international market. The government has formulated preferential policies to encourage the export of products. With more than 100 countries and regions have trade transactions, since 1987 has been to maintain a large surplus. The main imports are transportation equipment, telecommunication products, paper, crude oil, coal, iron and steel, machinery and feed. The main export products are dairy products, meat, fish, furniture, medicine, electronic products, instruments, ships, textiles and clothing.
The world-famous clothing Jack Jones, a European apparel name brand, is located in Denmark. Danish krone, exchange rate (October 08, 2013): 1 Danish krone = 1.1123 yuan, 1 Danish krone = 0.1818 U.S. dollars, 1 Danish krone = 0.1131 pounds.