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Transcript of Denmark
Economic growth analysis
humid and overcast
mild and windy winters
The word ‘Denmark’ dates back to the Viking age.
Between the 13th and 17th centuries, Denmark was a superpower
Today, the current size and influence of Denmark is the result of 400 years of forced relinquishments of land, surrenders and lost battles.
For a small country though, its advanced in different areas including design, architecture, farming, green technology and pharmaceuticals.
3 Bordering Nations?
3 Similarly-Populated Nations?
Average annual RGDP growth rate over the last 5 years: It has declined 0.4
By: Riya, Jankhna & Priti
Smallest of the Scandinavian countries
Denmark occupies the Jutland peninsula
Several islands in the Baltic Sea
Evangelical Lutheran 95%
other Protestant and Roman Catholic 3%
Economic growth analysis Cont.
Age structure > 65 years and over 18%
Age distribution > Median age 45.26 years
Median age > Total 41.4 years
highest percentage of population aged 25-64 with a 4-year degree, 2010
98% speak Danish
Greenlandic, an Inuit language, is spoken by 0.1%
English is the second language
Official name is Kingdom of Denmark
a form of government in which the a king or queen acts as head of state. The ability to make and pass legislation resides with an elected Parliament, not with the Monarch.
Currency: Danish Krone
1 US Dollar = 6.28 Danish Krones
265.14B US Dollars
1664.26B Danish Krones
2013 RGDP per Capita:
58,894 US Dollars
369,671 Danish Krones
62% of lands = farms
various dairy products
Total Value: 12.5B
Total Value: $97.9B
Sweden, Germany, US,
RGDP per Capita: 37,300
Unemployment Rate: 6%
RGDP per Capita: 40,300
Unemployment Rate: 8%
RGDP per Capita: 54,00
Unemployment Rate: 3.2%
RGDP per Capita: 38,700
Unemployment Rate: 5.5%
RGDP per Capita: 2,400
Unemployment Rate: 8.6%
RGDP per Capita: 24,100
Unemployment Rate: 13.6
RGDP per Capita: 35,800
Unemployment Rate: 7.8%
Freedom Score: 76.1
(10th Freest Country in the World)
World Average: 60.3
Prime Minister of Denmark
Deputy Prime Minister
Former Prime Minister of Denmark
the judicial court system of Denmark has 3 systems. One in Denmark, another in Greenland, and the last one in Faroe Islands.
Lars Løkke Rasmussen
Average annual RGDP growth rate over the last 20 years: It has fluctuated up and down but has stayed between the 0 to 2.5 %
There is growth, from 2012 to 2013 the RGDP growth rate went up 1%.
factors that encourage economic growth:
1. Growth in the labor force
2. Discovery of more natural resources
3. Increased investment in physical capital
1. Last year's World Happiness Report from the United Nations ranked Denmark the happiest nation on Earth, with an average life satisfaction score of 7.69 out of 10, consumer confidence
2.The exchange rate peg to the euro has kept inflation low without deflation, a pegged exchange rate fixes one country's currency to another country’s currency. It is also known as a fixed exchange rate.
To improve Denmark's long-run growth outlook it should
factors that account for the growth Denmark is experiencing
Invest in research and development, the government can promote technological progress by having government agencies support and participate in R&D.
Invest in human capital, the government can improve access to quality education.