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)

LEGAL, FINANCIAL, & TAX ADVICE DISCLAIMER: The information on SportsLifeMoney’s™ (“SLM”) websites, podcast network, videos, social media accounts, and other platforms (collectively, “SLM Platforms”) is strictly and solely provided for educational and informational purposes only. All of the information and materials on the aforementioned SLM Platforms do not constitute and are not intended to provide legal, financial, accounting, or tax advice, and should not be relied on in that respect. SLM recommends that you consult with an attorney, certified financial advisor, or licensed accountant to answer any legal, financial, or tax questions you may have. SLM also recommends that you consult with an attorney, certified financial advisor, or licensed accountant before making any legal, financial, or tax-related decisions based on content and/or subject matter included and/or discussed on any of the SLM Platforms. Before you act or rely on any information you have heard, read, viewed, and/or listened to on any of the SLM Platforms or communication mediums, SLM recommends that you confirm any and all facts that are important to your decision and that you subsequently consult with an appropriate professional (e.g., attorney, certified financial advisor, certified accountant, etc.) and have them review these facts and also confirm their validity. CAUTION: IF YOU RELY ON ANY INFORMATION, CONTENT, PRODUCT, OR SERVICE FROM ANY OF THE SLM PLATFORMS, YOU DO SO AT YOUR OWN RISK. YOU UNDERSTAND THAT YOU ARE SOLELY RESPONSIBLE FOR ANY AND ALL DAMAGES OR LOSS THAT YOU MAY INCUR THAT RESULTS FROM YOUR USE AND/OR RELIANCE OF ANY OF THE SLM PLATFORMS OR ANY OF THE CONTENT OR MATERIAL OTHERWISE PROVIDED ON ANY OF THESE SLM PLATFORMS. SLM AND ANY AND ALL OF ITS AFFILIATES MAKE NO IMPLIED OR EXPRESS REPRESENTATIONS OR IMPLIED OR EXPRESS WARRANTIES OF ANY KIND REGARDING ANY AND ALL INFORMATION ON ANY OF THE SLM PLATFORMS OR SLM’S AFFILIATE PLATFORMS. SLM AND ITS AFFILIATES WILL NOT BE HELD LIABLE FOR ANY DAMAGES. By continuing to use any of the SLM Platforms, you acknowledge and agree to the aforementioned terms and conditions of this disclaimer and any and all other legally binding terms and conditions set forth in SLM’s Privacy Policy, Terms & Conditions, and other legally binding agreements.