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B, Australia Group, BIS, CBSS, CE, CERN, EAPC, EBRD, EIB, ESA, EU, FAO, G- 9, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO, ITU, ITUC, MIGA, MINURSO, MONUC, NATO, NC, NEA, NIB, NSG, OAS (observer), OECD, OPCW, OSCE, Paris Club, PCA, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIL, UNMOGIP, UNOMIG, UNRWA, UNTSO, UPU, WCO, WEU (observer), WHO, WIPO, WMO, WTO, ZC Diplomatic representation in the US: chief of mission: Ambassador Friis Arne PETERSEN chancery: 3200 Whitehaven Street NW, Washington, DC 20008 telephone: [1] (202) 234-4300 FAX: [1] (202) 328-1470 consulate(s) general: Chicago, New York Diplomatic representation from the US: chief of mission: Ambassador James P. CAIN embassy: Dag Hammarskjolds Alle 24, 2100 Copenhagen mailing address: PSC 73, APO AE 09716 telephone: [45] 33 41 71 00 FAX: [45] 35 43 02 23 Flag description: red with a white cross that extends to the edges of the flag; the vertical part of the cross is shifted to the hoist side, and that design element of the Dannebrog (Danish flag) was subsequently adopted by the other Nordic countries of Finland, Iceland, Norway, and Sweden Economy Denmark Economy - overview: The Danish economy is undergoing strong expansion fueled by private consumption growth, low unemployment, rising real wages, and a strong increase in house prices. This thoroughly modern market economy features high-tech agriculture, up-to-date small-scale and corporate industry, extensive government welfare measures, comfortable living 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. Nonetheless, the Danish krone remains pegged to the euro. Economic growth gained momentum in 2004 and the upturn continued through 2006. Because of high GDP per capita, welfare benefits, a low Gini index, and politic
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