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Denmark

AP Macroeconomics
by

Riya Patel

on 15 January 2015

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Transcript of Denmark

Government Type
Constitutional
Monarchy
Political Leaders
Economic growth analysis
Climate
temperate
humid and overcast
mild and windy winters
cool summers
Denmark's Economy
History
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.
Denmark
Natural Resources
petroleum
natural gas
fish
salt
limestone
stone
gravel
sand
wind energy
bio-energy
Denmark
Compared to:
3 Bordering Nations?
3 Similarly-Populated Nations?
World Averages?
Average annual RGDP growth rate over the last 5 years: It has declined 0.4
By: Riya, Jankhna & Priti
Location
Population
Racial/Ethnic Distribution
Religious Distribution
Languages
Age
College Education
Surroundings
Smallest of the Scandinavian countries
Denmark occupies the Jutland peninsula
Several islands in the Baltic Sea


Works Cited
http://www.infoplease.com/country/denmark.html
http://denmark.dk/en/society/history/
http://www.weatheronline.co.uk/reports/climate/Denmark.htm
http://www.factmonster.com/country/denmark.html
http://www.nationmaster.com/country-info/profiles/Denmark/People
http://asumag.com/top-10/nations-highest-percentage-college-graduates
http://www.bbc.co.uk/languages/european_languages/countries/denmark.shtml
http://www.bbc.com/news/world-europe-17929661
http://databank.worldbank.org/data/views/reports/chart.aspx#
http://www.intelligenteconomist.com/factors-leading-to-economic-growth/?hvid=30dnPK
5.65 million
Evangelical Lutheran 95%
other Protestant and Roman Catholic 3%
Muslim 2%
Capital
Copenhagen
Legal System
Economic growth analysis Cont.
Scandinavian
Inuit
Faroese
German
Turkish
Iranian
Somali
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
27%
98% speak Danish
German 0.4%
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
Exchange Rate:
1 US Dollar = 6.28 Danish Krones
2013 RGDP:
265.14B US Dollars
1664.26B Danish Krones
2013 RGDP per Capita:
58,894 US Dollars
369,671 Danish Krones
Labor Force:
2,892,273 people
Unemployment Rate:
7%
Agricultural Industries
62% of lands = farms

Products:
milk
pigs
broilers
mink furs
various dairy products
Total Value: 12.5B
Manufacturing Industries
dairy products
pharmaceuticals
wind mills
toys
Exports
packaged medicament
refined petroleum
crude petroleum
pig meat
human/animal blood
Total Value: $97.9B
Sweden, Germany, US,
UK, Norway
Imports
refined petroleum
cars
crude petroleum
computers
Denmark
Population: 5,540,241
GDP: 314.24B
RGDP per Capita: 37,300
Unemployment Rate: 6%
Sweden
GDP: 525.74B
RGDP per Capita: 40,300
Unemployment Rate: 8%
Norway
GDP: 499.67B
RGDP per Capita: 54,00
Unemployment Rate: 3.2%
Germany
GDP: 3.40T
RGDP per Capita: 38,700
Unemployment Rate: 5.5%
Kyrgyzstan
Population: 5,550,000
GDP: 6.47T
RGDP per Capita: 2,400
Unemployment Rate: 8.6%
Slovakia
Population: 5,426,645
GDP: 45.28B
RGDP per Capita: 24,100
Unemployment Rate: 13.6
Finland
Population: 5,366,100
GDP: 250.02B
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.
Helle Thorning-Schmidt
Lars Løkke Rasmussen
Margrethe Vestager
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.
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