Reports DENMARK


The country is mostly flat with an average height above sea level of just 31 metres. The highest natural point is Mollehoj at 170.68m.


Denmark has long controlled the approach to the Baltic Sea as over water this can only take place via one of three channels which are known as the Danish Straits.


Natural resources include petroleum, natural gas, fish, salt, limestone, chalk, stone, gravel and sand. Flooding is a threat in some parts of the country especially along the southern coast of the island and a system of dykes protect the land from the sea.


Since a reform in 2007 Denmark has been divided up into five regions (Hovedstaden, Midtjylland, Nordjylland, Sjaelland and Syddanmark) which replaced the country’s traditional 13 counties. At the same time the number of municipalities was reduced from 270 to 98 municipalities. Most of the new municipalities have a population of at least 20,000 people.


Main cities include capital Copenhagen (on Zealand) which has a population of 1.7 million, Aarhus, Aalborg and Esbjerg (on Jutland) and Odense (on Funen).


Copenhagen was founded in 1167 and has been the capital since 1417 and is located in the Oresund region which has a total population of 3.6 million.


Germany is a close partner with the country in terms of imports with almost 21 per cent of imported goods coming from here. Other partners include Sweden, Netherlands, Norway, China and the UK.


With few natural resources Denmark’s economy relies almost entirely on human resources and the service sector makes up the vast amount of the employment and economy.


Denmark has a mixed market capitalist economy and is said to have the worlds highest level of income equality with the highest minimum wage and is ranked 16th in the world in terms of GDP.


It is said to have the best business climate in the world and has a thoroughly modern market economy. It has comfortable living standards, a stable political system and a stable currency.


It has the most flexible labour market in Europe with a policy called ‘flexicurity’ which means it is easy to hire and fire and


Taxes on individuals inDenmark are


among the highest in Europewith, up until recently, income tax ranging from42 per cent up to 63 per


cent for income over €40,000


approximately. Capital income is


taxed up to 59 per cent and share


income is taxed at


between 28 per cent and 45 per cent for income over €15,000.


Denmark is often called Welfare State Denmark and has a well developed welfare safety net which works on the basis of using taxes to provide an equalisation of income. The Danish Model means a third of tax is paid back to the citizens as transfer income.


Taxes on individuals in Denmark are among the highest in Europe with, up until recently, income tax ranging from 42 per cent up to 63 per cent for income over €40,000 approximately. Capital income is taxed up to 59 per cent and share income is taxed at between 28 per cent and 45 per cent for income over €15,000.


In 2009 the country passed the Danish Tax


find a job whilst also offering ample state benefits. This mixture seems to have served Denmark well and it has shown a good economy whilst unemployment is usually as low as 1.8 per cent although in this current climate has risen to 3.7 per cent. The public sector accounts for around 30 per cent of all employees.


However recently there has been reports of a lack of labour as many workers are moving overseas to avoid the high taxation rates which Denmark is renowned for.


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