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The Danish Economy: A Comprehensive Overview

A Thriving Mixed Economy

The Danish economy is a modern, well-developed economy that is characterized by high-income levels and a mixed economy model. The service sector dominates the economy, accounting for approximately 80% of total employment.

Economic Indicators

To gain a comprehensive understanding of the Danish economy, it is helpful to examine key economic indicators, including:

• Nominal GDP: USD 400 billion in 2022
• GDP per capita: USD 68,122, significantly higher than the global average of USD 10,589
• Average real GDP growth: 2%

Recent Economic Developments

The Danish economy has experienced ongoing growth in recent years. Despite the global economic slowdown caused by the COVID-19 pandemic, the economy has shown signs of recovery. GDP growth is projected to rise in the coming years, albeit at a slower pace than pre-pandemic levels.

International Integration

Denmark has a strong international presence and has been a member of the European Union since 1973. This membership has facilitated economic cooperation and integration with other European countries.