Denmark

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 European Union's Maastricht Treaty, including the European Economic and Monetary Union (EMU), European defense cooperation, and issues concerning certain justice and home affairs.

Economical characteristics

• Currency: Danish krone (ISO code: DKK)
• Central bank discount rate: 1.2% (31 December 2009)
• Commercial banks lending rate: NA%
• Stock of money (M1): $155.6 billion (31 December 2009)
• Quasi money (with M1 makes M2): $95.82 billion (31 December 2008)

Statistics

Statistic / Year	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008
GDP (million USD)	173 945	160 083	160 476	173 881	212 622	244 726	257 672	273 857	310 046	341 255
Govt. debt (% of GDP)		50.081	48.106	48.282	46.930	42.868	35.187	29.142	24.066
Govt. revenue (% of GDP)	39.869	36.498	35.363	34.641	34.633	36.247	37.565	36.243	40.583
Govt. expenses (% of GDP)	37.336	35.321	35.112	34.987	35.540	34.917	33.234	32.382	36.491
Debt to revenue (years)		1.372	1.360	1.394	1.355	1.183	0.937	0.804	0.593

References

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

External links

• Denmark on Wikipedia
• Central bank of Denmark
• BBC country profile