Approximately 90 percent of the production is exported. Since a local-government reform in 2007, the general government organization in Denmark is carried out on three administrative levels: central government, regions, and municipalities. Municipalities in principle independently levy income and property taxes, but the scope for total municipal taxation and expenditure is closely regulated by annual negotiations between the municipalities and the Danish fiscal policy is generally considered healthy. A growing awareness that future demographic changes, in particular increasing longevity, could threaten Average per capita income is high in an international context. The milk quota is 1,142 tonnes. The total number of cattle in 2011 was approximately 1.5 million.
Government net debt was close to zero at the end of 2017, amounting to DKK 27.3 billion, or 1.3% of GDP.Long-run annual fiscal projections from the Danish government as well as the independent Danish Economic Council, taking into account likely future fiscal developments caused by demographic developments etc. Regions administer mainly health care services, whereas municipalities administer primary education and social services.
In 2017 78.8% of all 15-64-year-old people were active on the labour market, the sixth-highest number among all OECD countries. Denmark has a very long tradition of adhering to a In an international context, a relatively large proportion of the population is part of the labour force, in particular because the female participation rate is very high. Inflation under 2% is in green.Denmark has fostered and is home to many multi-national companies. Of these, 20.9 million are slaughtered in Denmark. After World War II Denmark took part in the increasingly close international cooperation, joining During the 1970s Denmark was plunged into a crisis, initiated by the In the first decade of the 21st century new economic policy issues have emerged.
According to the CIA World Factbook, Denmark had the twentieth-lowest Gini coefficient (29.0) of 158 countries in 2016.The Danish labour market is characterized by a high degree of A relatively large proportion of the population is active on the labour market, not least because of a very high female participation rate. The most notable companies include: In most of recorded history Denmark has been an agricultural country with most of the population living on a Almost all of the land area of Denmark is arable. On the other hand, Denmark has had a logistic advantage through its long coastal line and the fact that no point on Danish land is more than 50 kilometers from the sea – an important fact for the whole period before the industrial revolution when sea transport was cheaper than land transport.At the end of the 18th century major agricultural reforms took place that entailed decisive structural changes.During the 20th century agriculture slowly dwindled in importance relative to industry, but agricultural employment was only during the 1950s surpassed by industrial employment.
The number of dairy farmers has reduced to about 3,800 with an average herd size of 150 cows. Municipalities in principle independently levy income and property taxes, but the scope for total municipal taxation and expenditure is closely regulated by annual negotiations between the municipalities and the In 2012, 100 million chickens were slaughtered. More than half of the cows live in new loose-housing systems. Statistikbanken.dk/10021:Befolkning og valg/(table)FOLK1AIn this context, "self-sufficient" means that the domestic energy production is equal to the energy consumption in terms of Regions administer mainly health care services, whereas municipalities administer primary education and social services. In 2017, the share was at 13.3%, accounting for a total of DKK 12.1 billion.Denmark has some sources of oil and natural gas in the Denmark houses a number of significant engineering and high-technology firms, within the sectors of industrial equipment, aerospace, robotics, pharmaceutical and electronics.
According to the In international comparisons, Denmark has a relatively equal income distribution. The yearly number of slaughtering of beef cattle is around 550,000. Many of the largest food producers are also engaged in biotechnology and research. Greenland left the The following table shows the main economic indicators in 1980–2017. The extent of the support depends on the ability to work, and people below 40 can not receive social pension unless they are deemed incapable of any kind of work.Agriculture was once the most important industry in Denmark. The goal is a full independence of Since 2000, Denmark has increased gross domestic product (GDP) and at the same time decreased energy consumption.Denmark is a long time leader in wind energy and a prominent exporter of In addition to Denmark proper, the Kingdom of Denmark comprises two Neither Greenland nor the Faroe Islands are members of the European Union. Unlike most of its neighbours, Denmark has not had extractable deposits of minerals or fossil fuels, except for the deposits of oil and natural gas in the North Sea, which started playing an economic role only during the 1980s. Notable companies dedicated to the pharmaceutical and biotechnology sector, includes:
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denmark debt to gdp 2019