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Denmark, officially the Kingdom of Denmark, is a Nordic country in Northern Europe. Denmark proper, which is the southernmost of the Scandinavian countries, consists of a peninsula, Jutland, and an archipelago of 443 named islands, with the largest being Zealand, Funen and the North Jutlandic Island.
Denmark has a developed mixed economy that is classed as a high-income economy by the World Bank. In 2017 it ranked 16th in the world in terms of gross national income (PPP) per capita and 10th in nominal GNI per capita. Denmark's economy stands out as one of the most free in the Index of Economic Freedom and the Economic Freedom of the World. It is the 10th most competitive economy in the world, and 6th in Europe, according to the World Economic Forum in its Global Competitiveness Report 2018.
Once a predominantly agricultural country on account of its arable landscape, since 1945 Denmark has greatly expanded its industrial base and service sector. By 2017 services contributed circa 75% of GDP, manufacturing about 15% and agriculture less than 2%. Major industries include wind turbines, pharmaceuticals, medical equipment, machinery and transportation equipment, food processing, and construction. Circa 60% of the total export value is due to export of goods, and the remaining 40% is from service exports, mainly sea transport. The country's main export goods are: wind turbines, pharmaceuticals, machinery and instruments, meat and meat products, dairy products, fish, furniture and design. Denmark is a net exporter of food and energy and has for a number of years had a balance of payments surplus which has transformed the country from a net debitor to a net creditor country. By 1 July 2018, the net international investment position (or net foreign assets) of Denmark was equal to 64.6% of GDP.
Ranked by turnover in Denmark, the largest Danish companies are: A.P. Møller-Mærsk (international shipping), Novo Nordisk (pharmaceuticals), ISS A/S (facility services), Vestas (wind turbines), Arla Foods (dairy), DSV (transport), Carlsberg Group (beer), Salling Group (retail), Ørsted A/S (power), Danske Bank.
Managing Director Scandinavia & Finland
Mobile: +46 8 59115175
Sales Director Scandinavia & Finland
Mobile: +46 31799 2805
Nicolaj MARIEGAARD |
Mobile: +45 5353 5898