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Country Commercial Guides
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X. APPENDICES A - D
Appendix A: Country Data
Population (End 1997): Denmark Proper: 5.3 million Faroe Islands: 44,290 Greenland: 55,917 (Jan.`1997) Population Growth Rate: 0.4 percent Religion: Lutheran (97 percent) Government System: Constitutional Monarchy Head of State: Queen Margrethe II Head of Government: Prime Minister Poul Nyrup Rasmussen (Social Democrat) Language: Danish (most business people speak English) Work Week: 37 hours, Monday through Friday APPENDIX B: DOMESTIC ECONOMY In millions of U.S. dollars unless otherwise stated, converted from Danish Kroner (DKK) using the 1997 average exchange rate of DKK 6.60 = $1.00. P = Projected. 1997 1998P 1999P GDP at current prices 169,833 176,500 185,000 GDP Growth Rate (Real 3.4% 2.5% 1.9% Per Capita GDP, current prices($) 32,140 33,270 34,730 Government Spending (Percent/GDP) 56.9% 55.6% 54.2% Inflation (percent) 2.2% 2.0% 2.7% Unemployment Rate (Pct./Labor Force) 7.7% 6.6% 6.2% Foreign Exchange Reserves, Yr End 19,430 20,000 20,000 Average Dollar Exchange Rate(DKK): 6.60 6.90 6.90 Total Foreign Debt (Percent/GDP) 25.8% 24.1% 21.9% Debt Service Ratio 1/ 5.9% 5.6% 5.3% 1/ This figure covers net interest payments on the foreign debt as a percentage of total goods and services export income. APPENDIX C; TRADE In millions of U.S. dollars based on the 1997 average exchange rate of DKK 6.6=$1.00. 1997 1998P 1999P Total Commodity Exports (fob) 48,805 51,500 55,000 Exports to U.S.A. 2,234 2,350 2,500 U.S. Share 4.6% 4.6% 4.6% Total Commodity Imports (cif) 44,500 47,000 49,500 Imports from the U.S.A. 2,244 2,400 2,500 U.S. Share 5.0% 5.1% 5.1% Imports of Manufactured Goods in 1997 (SITC 5-9 less Gold) Total (From World) 32,000 From the U.S.A. 1,915 U.S. Share of Manufactured Imports 6.0% Manufactured Goods Balance with U.S.A. -42 Projected Average Annual Growth Rate Through 1999 From World 5.0% From the U.S.A. 5.0% Imports of Agricultural Goods in 1996 (SITC 0-1-21-22-24-29-4) From World 5,900 From the U.S.A. 276 U.S. Share of Agricultural Imports 4.7% Agricultural Goods Balance with U.S.A. 81 Trade Balance with Three Leading Partners (1997) Germany 801 Sweden 17 United Kingdom 1,330 Top-Five U.S. Exports to Denmark in 1997 HS 88.02 (Aircraft) 214 HS 84.71 (Computers) 173 HS 99.10 (Military equipment) 140 HS 84.73 (Computer parts) 107 HS 35.07 (Enzymes) 80 Top-Five Imports from Denmark in 1997 3/ HS 94.03 (Furniture) 100 HS 02.03 (Pork meat) 100 HS 89.05 (Oil platform) 100 HS 16.02 (Canned pork) 68 HS 29.30 (Organic Sulfur Compounds) 58 3/ Danish statistics treat figures on exports to the United States of plastic toy blocks (HS 95.03 made by Lego) and insulin (HS 30.04 made by Novo) as "business confidential". These exports are estimated at about $120 million in 1997. Source : Danish Bureau of Statistics and U.S. Trade Statistics. APPENDIX D. INVESTMENT STATISTICS: (See VII. Investment Climate)
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[end of document] Note* International Copyright, United States Government, 1998 (or other year of first publication). All rights under foreign copyright laws are reserved. All portions of this publication are protected against any type or form of reproduction, communications to the public and the preparation of adaptations, arrangement and alterations outside the United States. U. S. copyright is not asserted under the U.S. Copyright Law, Title17, United States Code.
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