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It is said in Denmark “few have too much and even fewer have too little.” Te country pays some of the world’s highest taxes (up to half their income) plus 25 per cent VAT on most items. In return, however, the country has a generous welfare system, free healthcare, subsidised childcare and no tuition fees for uni- versity students. Unemployment is low. Te number of unemployed in Denmark has dropped slowly since the post-pandemic levels of around 5.5 per cent unemployment rate to 2.5 per cent in early 2025. Te number of employed has risen by more than 250,000 (about 10 per cent growth) since 2021 in both the public and private sectors. GDP growth is around 1.6 per cent (Q4 2024) with a 1.5 per cent inflation rate. Te country has a history of cooperation between workers
and employers thanks to agreements with trade unions, dating back to the 19th century. Te country operates with a ‘flexicurity’ system enabling employers to benefit from flexibility when hiring and firing, whilst employees, although may not have job security, do have guaranteed income security. Tis attitude extends to other areas. Te Danish political
system is that of a multi-party structure where several parties can be represented in parliament at any one time. Since 1909 no single party has had the majority of parliamentary seats. Te Socialdemokratiet party is the current minority government
elected in 2019 headed by Mette Frederiksen. Te Social Democrat Party is historically the largest Danish political party and has led most Danish governments from the 1930s to the early 1980s. After a period of Liberal-Conservative leadership in the 2000s, the Social Democrats took over again in 2011. At the beginning of the year, Queen Margrethe II abdicated
after 52 years at the helm and handed over the throne to her son Frederik. Her reign was the longest in Danish history after taking on the role of Queen in 1972, aged 31, when her father died. Although tiny in size Denmark offers a huge range of tourist
attractions from Legoland to Tivoli to architecture, fishing villages and over 400 islands. Tere are no mountains in Denmark but there are historic cities, scenic landscapes, and a rich cultural heritage.
Denmark is made up of five regions and 98 municipalities
plus two special autonomous regions – Faroe Islands and Green- land. In 2024, the country saw 12 million visitors. Tis equates to 34 million overnight stays (international tourists) and 31 million (domestic). Germans are the biggest number of visitors followed by Norwegians, Dutch, and Swedish. Tourism accounts for 5.7 per cent of GDP and contributed some DKK74.7bn to the economy in 2023.
Denmark is made up of five regions and 98 municipalities plus two special autonomous
regions – Faroe Islands and Greenland. In 2024 the country saw 12 million visitors. Tis equates to 34 million overnight stays (international
tourists) and 31 million (domestic). Germans are the biggest number of visitors followed by Norwegians, Dutch, and Swedish.
THE GAMBLING MARKET
From a complete gambling prohibition dating back to the 18th century, the Danish market has seen a series of legislations in- troduced to enable the gambling market to develop and grow at a slow and steady pace. At one time Denmark operated under a gambling monopoly
via Danske Spil, which had the exclusive licence to offer betting, lotteries, and online gaming. Te company was founded in 1948 with its first game, 1x2 TOTO, established a year later. In June 2010 the new Gambling Act strolled into town and
came into force two years later and saw a partial liberalisation of the market enabling private operators to apply for licences for the online betting and casino market. As such, Denmark was one of the first countries in Europe to liberate the market for gambling, ending the monopoly situation under Danske Spil.
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