Denmark economy overview
Traditionally Denmark was an agricultural country. The World War II period saw a rapid rise in importance of its manufacturing sector. Traditional sources of livelihood of Denmark include livestock, farming of cereals, root crops and fishing. Leading industries here include following.
Denmark possess scanty mineral resources. Its main trading partners are Great Britain, Germany, Sweden and other member nations of European Union. Danish economy is characterized by a high standard of living. However this economy faces a demand constraint due to small size of its domestic market. Since natural resources are limited, Denmark economy is dependent on international trade for import of raw materials and export of fished products. This makes the economy susceptible to international price fluctuations. Denmark has benefited from an improved terms of trade after joining EU. This country has experienced a sustained productivity rise in postwar period.
Denmark economy 2008