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reservations

      Suffrage:

      18 years of age; universal

      Executive branch:

      chief of state: Queen MARGRETHE II (since 14 January 1972); Heir Apparent Crown Prince FREDERIK, elder son of the monarch (born 26 May 1968) head of government: Prime Minister Anders Fogh RASMUSSEN (since 27 November 2001) cabinet: Council of State appointed by the monarch elections: the monarch is hereditary; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed prime minister by the monarch

      Legislative branch:

      unicameral People's Assembly or Folketinget (179 seats, including 2 from Greenland and 2 from the Faroe Islands; members are elected by popular vote on the basis of proportional representation to serve four-year terms unless the Folketinget is dissolved earlier) elections: last held 13 November 2007 (next to be held in 2011) election results: percent of vote by party - Liberal Party 26.2%, Social Democrats 25.5%, Danish People's Party 13.9%, Socialist People's Party 13.0%, Conservative People's Party 10.4%, Social Liberal Party 5.1%, New Alliance 2.8%, Red-Green Alliance 2.2%, other 0.9%; seats by party - Liberal Party 46, Social Democrats 45, Danish People's Party 25, Socialist People's Party 23, Conservative People's Party 18, Social Liberal Party 9, New Alliance 5, Red-Green Alliance 4; note - does not include the two seats from Greenland and the two seats from the Faroe Islands

      Judicial branch:

      Supreme Court (judges are appointed by the monarch for life)

      Political parties and leaders:

      Christian Democrats [Bjarne Hartung KIRKEGAARD] (was Christian

       People's Party); Conservative Party [Bendt BENDTSEN] (sometimes

       known as Conservative People's Party); Danish People's Party [Pia

       KJAERSGAARD]; Liberal Party [Anders Fogh RASMUSSEN]; New Alliance

       [Naser KHADER]; Red-Green Unity List (Alliance) [collective

       leadership] (bloc includes Left Socialist Party, Communist Party of

       Denmark, Socialist Workers' Party); Social Democratic Party [Helle

       THORNING-SCHMIDT]; Social Liberal Party [Margrethe VESTAGER];

       Socialist People's Party [Villy SOEVNDAL]

      Political pressure groups and leaders:

      Danish Free Press Society (freedom of speech); Danish National Socialist Movement or DNSB [Jonni HANSEN] (neo-Nazi organization) other: human rights groups

      International organization participation:

      ADB (nonregional members), AfDB (nonregional members), Arctic

       Council, 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, IMSO, Interpol, IOC, IOM, IPU,

       ISO, ITSO, ITU, ITUC, MIGA, MONUC, NATO, NC, NEA, NIB, NSG, OAS

       (observer), OECD, OPCW, OSCE, Paris Club, PCA, Schengen Convention,

       UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIL, UNMIS, UNMOGIP, UNOMIG,

       UNRWA, UNTSO, UPU, WCO, WEU (observer), WFTU, 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; the banner is referred to as the Dannebrog (Danish flag) note: the shifted design element was subsequently adopted by the other Nordic countries of Finland, Iceland, Norway, and Sweden

      Economy

       Denmark

      Economy - overview:

      The Danish economy has in recent years undergone strong expansion fueled primarily by private consumption growth, but also supported by exports and investments. 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. Unemployment is low and capacity constraints are limiting growth potential. 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 so far Denmark has decided not to join 15 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 2007. The controversy over caricatures of the Prophet Muhammad printed in a Danish newspaper in September 2005 led to boycotts of some Danish exports to the Muslim world, especially exports of dairy products, but the boycotts did not have a significant impact on the overall Danish economy. Because of high GDP per capita, welfare benefits, a low Gini index, and political stability, the Danish living standards are among the highest in the world. A major long-term issue will be the sharp decline in the ratio of workers to retirees.

      GDP (purchasing power parity):

      $203.3 billion (2007 est.)

      GDP (official exchange rate):

      $311.9 billion (2007 est.)

      GDP - real growth rate:

      1.7% (2007 est.)

      GDP - per capita (PPP):

      $37,200 (2007 est.)

      GDP - composition by sector:

      agriculture: 1.3% industry: 25.7% services: 73% (2007 est.)

      Labor force:

      2.86 million (2007 est.)

      Labor force - by occupation:

      agriculture: 3% industry: 21% services: 76% (2004 est.)

      Unemployment rate:

      2.8% (2007 est.)

      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 (2005)

      Investment (gross fixed):

      22.9% of GDP (2007 est.)

      Budget:

      revenues: $170.6 billion expenditures: $156.8 billion (2007 est.)

      Fiscal year:

      calendar year

      Public debt:

      26% of GDP (2007 est.)

      Inflation rate (consumer prices):

      1.7% (2007 est.)

      Central bank discount rate:

      4% (31 December 2007)

      Commercial bank prime lending rate:

      NA

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