iving standards,
a stable currency, and high dependence on foreign trade. Denmark is
a net exporter of food and energy and enjoys a comfortable balance
of payments surplus. Government objectives include streamlining the
bureaucracy and further privatization of state assets. The
government has been successful in meeting, and even exceeding, the
economic convergence criteria for participating in the third phase
(a common European currency) of the European Economic and Monetary
Union (EMU), but Denmark has decided not to join 12 other EU members
in the euro; even so, the Danish Krone remains pegged to the euro.
Given the sluggish state of the European economy, growth in 2003 was
a mere 0.3%.

GDP:
purchasing power parity - $167.2 billion (2003 est.)

GDP - real growth rate:
0% (2003 est.)

GDP - per capita:
purchasing power parity - $31,100 (2003 est.)

GDP - composition by sector:
agriculture: 2%
industry: 22.1%
services: 75.9% (2003 est.)

Investment (gross fixed):
19.9% of GDP (2003)

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: 2%
highest 10%: 24% (2000 est.)

Distribution of family income - Gini index:
24.7 (1992)

Inflation rate (consumer prices):
2.1% (2003 est.)

Labor force:
2.863 million (2003 est.)

Labor force - by occupation:
agriculture 4%, industry 17%, services 79% (2002 est.)

Unemployment rate:
6.1% (2003)

Budget:
revenues: $118.5 billion
expenditures: $116 billion, including capital expenditures of $500
million (2003 est.)

Public debt:
45% of GDP (2003)

Agriculture - products:
barley, wheat, potatoes, sugar beets; pork, dairy products; fish

Industries:
food processing, machinery and equipment, textiles and clothing,
chemical products, electronics, construction, furniture and other
wood products, shipbuilding, windmills

Industrial production growth rate:
0.3% (2003 est.)

Electricity - production:
35.47 billion kWh (2001)

Electricity - consumption:
32.41 billion kWh (2001)

Electricity - exports:
8.775 billion kWh (2001)

Electricity - imports:
8.199 billion kWh (2001)

Oil - production:
346,200 bbl/day (2001 est.)

Oil - consumption:
218,000 bbl/day (2001 est.)

Oil - exports:
332,100 bbl/day (2001)

Oil - imports:
195,000 bbl/day (2001)

Oil - proved reserves:
1.23 billion bbl (1 January 2002)

Na