Denmark

Country Summary

Introduction

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.

Geography

Area

total: 43,094 sq km
land: 42,434 sq km
water: 660 sq km

Climate

temperate; humid and overcast; mild, windy winters and cool summers

Natural resources

petroleum, natural gas, fish, arable land, salt, limestone, chalk, stone, gravel and sand

People and Society

Population

5,946,984 (2023 est.)

Ethnic groups

Danish (includes Greenlandic (who are predominantly Inuit) and Faroese) 85.6%, Turkish 1.1%, other 13.3% (largest groups are Polish, Syrian, Romanian, German, and Iraqi) (2022 est.)

Languages

Danish, Faroese, Greenlandic (an Inuit dialect), German (small minority); note - English is the predominant second language

Religions

Evangelical Lutheran (official) 74.7%, Muslim 5.5%, other/none/unspecified (denominations of less than 1% each in descending order of size include Roman Catholic, Jehovah's Witness, Serbian Orthodox Christian, Jewish, Baptist, Buddhist, Church of Jesus Christ, Pentecostal, and nondenominational Christian) 19.8% (2019 est.)

Population growth rate

0.44% (2023 est.)

Government

Government type

parliamentary constitutional monarchy

Capital

name: Copenhagen

Executive branch

chief of state: Queen MARGRETHE II (since 14 January 1972); Heir Apparent Crown Prince FREDERIK (elder son of the monarch, born on 26 May 1968)
head of government: Prime Minister Mette FREDERIKSEN (since 27 June 2019)

Legislative branch

description: unicameral People's Assembly or Folketing (179 seats, including 2 each representing Greenland and the Faroe Islands; members directly elected in multi-seat constituencies by party-list proportional representation vote; members serve 4-year terms unless the Folketing is dissolved earlier)

Economy

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

Real GDP (purchasing power parity)

$352.436 billion (2022 est.)
$339.472 billion (2021 est.)
$323.751 billion (2020 est.)

Real GDP per capita

$59,700 (2022 est.)
$58,000 (2021 est.)
$55,500 (2020 est.)

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

Remittances

0.37% of GDP (2021 est.)
0.42% of GDP (2020 est.)
0.42% of GDP (2019 est.)

Exports

$234.262 billion (2021 est.)
$195.729 billion (2020 est.)
$205.019 billion (2019 est.)

Exports - partners

Germany 14%, United States 10%, Sweden 10%, China 6%, Norway 5% (2021)

Exports - commodities

packaged medicines, pork, refined petroleum, electric generators, cheese (2021)

Imports

$208.121 billion (2021 est.)
$172.868 billion (2020 est.)
$179.356 billion (2019 est.)

Imports - partners

Germany 21%, Sweden 12%, China 9%, Netherlands 8%, Poland 4% (2021)

Imports - commodities

cars, packaged medicines, refined petroleum, crude petroleum, broadcasting equipment, computers (2021)

Exchange rates

Danish kroner (DKK) per US dollar -
Exchange rates:
6.287 (2021 est.)
6.542 (2020 est.)
6.669 (2019 est.)
6.315 (2018 est.)
6.603 (2017 est.)


Page last updated: Tuesday, December 19, 2023