Country Summary: Denmark (Kingdom of Denmark)
Country Name: Denmark (Kingdom of Denmark)
Capital: Copenhagen
Government Type: parliamentary constitutional monarchy
Background: Once the seat of Viking raiders and later a major north European power, Denmark has evolved into a modern, prosperous nation that is participating in the general political and economic integration of Europe. It joined NATO in 1949 and the EEC (now the EU) in 1973. However, the country has opted out of certain elements of the EU's Maastricht Treaty, including the European Economic and Monetary Union, and justice and home affairs issues.
Continent: Europe
Population: 5,946,984 (2023 est.)
Ethnic Groups: Danish (includes Greenlandic (who are predominantly Inuit) and Faroese) 84.2%, Turkish 1.1%, other 14.7% (largest groups are Polish, Romanian, Syrian, Ukrainian, German, and Iraqi) (2023 est.)
Languages: Danish, Faroese, Greenlandic (an Inuit dialect), German (small minority); note - English is the predominant second language
Religions: Evangelical Lutheran (official) 71.4%, Muslim 4.3%, other/none/unspecified (denominations include Roman Catholic, Jehovah's Witness, Serbian Orthodox Christian, Jewish, Baptist, Buddhist, Church of Jesus Christ, Pentecostal, and nondenominational Christian) 24.3% (2024 est.)
Economic Overview: diversified EU trade-based economy; environmental regulatory innovator; dominant services sector; increased government spending but retaining budget surpluses; currently high inflation; unique "flexicurity" labor market
Currency: Danish Krone (DKK)
Reserves of Foreign Exchange & Gold: $96.073 billion (2022 est.) note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Real GDP (Purchasing Power Parity): $353.799 billion (2022 est.) note: data in 2017 dollars
Real GDP Growth Rate: 2.73% (2022 est.) note: annual GDP % growth based on constant local currency
Real GDP per Capita: $59,900 (2022 est.) note: data in 2017 dollars
Exports:
$279.939 billion (2022 est.) note: balance of payments - exports of goods and services in current dollars
Comparison Ranking: 34
Export Commodities: packaged medicines, pork, refined petroleum, electric generators, cheese (2021)
Export Partners: Germany 14%, United States 10%, Sweden 10%, China 6%, Norway 5% (2021)
Imports:
$235.68 billion (2022 est.) note: balance of payments - imports of goods and services in current dollars
Comparison Ranking: 33
Import Commodities: cars, packaged medicines, refined petroleum, crude petroleum, broadcasting equipment, computers (2021)
Import Partners: Germany 21%, Sweden 12%, China 9%, Netherlands 8%, Poland 4% (2021)
Natural Resources: petroleum, natural gas, fish, arable land, salt, limestone, chalk, stone, gravel and sand
Agricultural Products: milk, wheat, barley, potatoes, sugar beets, pork, rye, rapeseed, oats, poultry
Industries: wind turbines, pharmaceuticals, medical equipment, shipbuilding and refurbishment, iron, steel, nonferrous metals, chemicals, food processing, machinery and transportation equipment, textiles and clothing, electronics, construction, furniture and other wood products
Industrial Production Growth Rate:
6.98% (2022 est.) note: annual % change in industrial value added based on constant local currency
Comparison Ranking: 39
Labor Force: 3.141 million (2022 est.)
Unemployment Rate: 4.43% (2022 est.) note: % of labor force seeking employment
Natural Hazards: Geography:
Total: 43,094 sq km
Land: 42,434 sq km
Water: 660 sq km
(Country Summary, The World Factbook, CIA.gov)
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