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EINVLKFJDLKFJA centre-right coalition, headed by AnThe most important area Support for free trade is high ? in a xxxx poll 76% responded that globalisation is a good thing.[98] 70% of trade flows are inside the European Union. Denmark has the 9th highest export per capita in the world. Denmark's main exports are: industrial production/manufactured goods 73.3% (of which machinery and instruments were 21.4%, and fuels (oil, natural gas), chemicals, etc. 26%); agricultural products and others for consumption 18.7% (in xxxx meat and meat products were 5.5% of total export; fish and fish products 2.9%).[50] Denmark is a net exporter of food and energy and has for a number of years had a balance of payments surplus while battling an equivalent of approximately 39% of GNP foreign debt or more than 300 billion DDenmark has considerable sources of oil and natural gas in the North Sea and ranks as number 32 in the world among net exporters of crude oil[100] and was producing 259,980 barrels of crude oil a day in xxxx.[101] Most electricity is produced from coal, but 25?28% of electricity demand is supplied through wind turbines.[102] Denmark is a long-time leader in wind energy, and in May xxxx Denmark derived 3.1% of its gross domestic product from renewable (clean) energy technology and energy efficiency, or around ?6.5 billion ($9.4 billion).[103] Denmark is connected by electric transmission lines to other European countries. On 6 September xxxx, Denmark launched the biggest wind turbine in the world, The level of unemployment benefits is dependent on former employment (the maximum benefit is at 90% of the wage) and at times also on membership of an unemployment fund, which is almost always?but need not be?administered by a trade union, and the previous payment of contributions. However, the largest share of the financing is still carried by the central government and is financed by general taxation, and only to a minor degree from earmarked contributions. There is no taxation, however, on proceeds gained from selling one's home (provided there was any home equity (friværdi)), as the marginal tax rate on capital income from housing savings is around 0%.[123] In xxxx, 13.4% of Denmark's population was reported to live below the poverty line.[124] When adjusted for taxes and transfers, the poverty rate drops from 24% to 6%, one of the lowest of all OECD nations.[125][126]and will add four more over tCopenhagen has a small Metro system, the Copenhagen Metro, and the Greater Copenhagen area has an extensive electrified suburban railway network, the S-train. Denmark's national airline (together with Norway and Sweden) is Scandinavian Airlines (SAS), and Copenhagen Airport is the largest in Scandinavia. A ferry link to the Faroe Islands is maintained by Smyril Line. Other international ferry services are mainly operated by DFDS (to Norway and the UK), Scandlines (to Germany and Sweden), Stena Line (to Norway, Sweden and Poland), Color Line (to Norway), and FjordLiPrivate vehicles are increasingly used as a means of transport. Because of the high registration tax (180%), VAT (25%), and one of the world's highest income tax rates, new cars are very expensive. The purpose of the tax is to discourage car ownership. The car fleet has increased by 45% over the last 30 years. In xxxx an attempt was made by the government to favour environmentally friendly cars by slightly reducing taxes on high mileage vehicles. However, this has had little effect, and in xxxx Denmark experienced an increase in the import of fuel inefficient old cars[107] primarily from Germany, as the cost for older cars?including taxes?keeps them within the budget of many Danes. The average car age (year xxxx)Danish engineers are world-leading in providing diabetes care equipment and medication products from Novo Nordisk and, since xxxx, the Danish biotech company Novozymes, the world market leader in enzymes for first generation starch based bioethanol, has pioneered development of enzymes for converting waste to cellulosic ethanol.[112] Medicon Valley, spanning the Øresund Region between Zealand and Sweden, is one of Europe's largest life science clusters, containing a large number of life science companies and research institutions located within a very small geographical area. Danish software engineers have taken leading roles in some of the world's important programming languages: Anders Hejlsberg, (Turbo Pascal, Delphi, C#); Rasmus Lerdorf, (PHP); Bjarne Stroustrup, (C++); David Heinemeier Hansson, (Ruby on Rails); Lars Bak, a pioneer in virtual machines (V8, Java VM, Dart); Lene Vestergaard Hau (physicist), the first person to stop light, leading to advances in quantum computing, nanoscale engineerAfter deregulating the labour market in the xxxxs, Denmark has one of the most free labour markets in European countries. According to World Bank labour market rankings, the labour market flexibility is at the same lThe unemployment rate for December xxxx was 2.7%, for a total of 74,900 persons, a reduction by 112,800 persons?2,400 per month?or 60% since December xxxx.[115] The Eurostat unemployment number for August xxxx is 2.9%. Another measure of the situation on the labour market is the employment rate, that is the percentage of people aged 15 to 64 in employment out of the total number of people aged 15 to 64. The employment rate for Denmark in xxxx was 77.1% according to Eurostat. Of all countries in the world, only Switzerland with 78.% and Iceland with 85.1% had a higher employment rate. Of the employed more than 38% (800,000 people)[116] of the total workforce work inThe number of unemployed is forecast to be 65,000 in xxxx. The number of people in the working age group, less disability pensioners etc., will grow by 10,000 to 2,860,000, and jobs by 70,000 to 2,790,000;[117] part-time jobs are included.[118] Because of the present high demand and short supply of skilled labour, for instance for factory and service jobs, including hospital nurses and physicians, the annual average working hours have risen, especially compared with the recession xxxx?xxxx.[119] Increasingly, service workers of all kinds are in demand, i.e. in the postal services and as bus drivers, and academics.[120] In the fall of xxxx, more than 250,000 foreigners are working in the country, of which 23,000 still reside in Germany or Sweden.[121] According to a sampling survey of over 14,000 enterprises from December xxxx to April xxxx 39,000 jobs were not filled, a number much lower than earlier surveys, confirming a downturn in the economic cycle.[122] public sector jobs.evels as the United States. Around 80% of employees belong to unions and the unemployment funds that are attached to them. Labour market policies are mainly determined by negotiations between the workers' unions and employers' unions, and the government only interferes if labour strikes extend for too loDespite the success of the trade unions, a growing number of people make contracts individually rather than collectively, and many (four out of ten employees) are contemplating dropping especially unemployment fund but occasionally even union membership altogether. The average employee receives a benefit at 47% of their wage level if they have to claim benefits when unemployed. With low unemployment, very few expect to be claiming benefits at all. The only reason then to pay the earmarked money to the unemployment fund would be to retire early and receive early retirement pay (efterløn), which is possible from the age of 60 provided an additional earmarked contribution is paid to the unemployment fund.[114]ng.[citation needed]ing and linear optics. is 9.2 years.[108]ne (to Norway).he next four years.KK.[99]of responsibility for regions is the national health service. Unlike the former counties, the regions are not allowed to levy taxes, and the health service is primarily financed by a national health care contribution of eight per cent (Danish: sundhedsbidrag) combined with funds from both government and municipalities.[76] Municipalities and regions are led by directly elected councils, elected every four years. The last Danish local electThe Kingdom of Denmark is a unitary state, however the Faroe Islands and Greenland were granted home rule (political autonomy)[78] in xxxx and xxxx respectively, having previously had the status of counties.[79][80] Extensive powers have been devolved to the Faroe Islands and Greenland, which have their own governments and legislatures and are effectively self-governing in regards to domestic affairs.[80] However, the devolved legislatures are subordinate to the FolkDenmark has a modern, prosperous and developed mixed market economy, ranking 21st in the world in terms of GDP (PPP) per capita and 10th in nominal GDP per capita. A liberalisation of import tariffs in xxxx marked the end of mercantilism and further liberalisation in the 19th and the beginning of the 20th century established the Danish liberal tradition in international trade that was only to be broken by the xxxxs.[84][85] Property rights have enjoyed strong protection. Denmark's economy stands out as one of the most free in the Index of Economic Freedom[86] and the Economic Freedom of the World.[87] The economy has high levels of international trade and Denmark is known as a free trade advocate in the European Union. Denmark is one of the most competitive economies in the world according to World Economic Forum xxxx report, IMD and The EcoAs a result of its acclaimed "flexicurity" model, Denmark has the most free labour market in Europe, according to the World Bank. Employers can hire and fire whenever they want (flexibility), and between jobs, unemployment compensation is very high (security). The World Bank ranks Denmark as the easiest place in Europe to do business. Establishing a business can be done in a matter of hours and at very low costs.[89] Denmark has a competitive company tax rate of 25% and a special time-limited tax regime for expatriates.[90] The Danish taxation system is broad based, with a 25% VAT, in addition to excise taxes, income taxes and other fees. The overall tax burden (sum of all taxes, as a percentage of GDP) is estDenmark's currency, the krone, is pegged at approximately 7.46 kroner per euro through the ERM. Although a September xxxx referendum rejected adopting the euro,[96] the country in practice follows the policies set forth in the Economic and Monetary Union of the European Union and meets the economic convergence criteria needed to adopt the euro. The majority of the political parties in the parliament are for the euro, but as yet a new referendum has not been held, despite plans;[97] scepticism of the EU among Danish voters has historically been strong. Denmark is known for the Danish cooperative movement within among others farming, the food industry (Danish Crown), dairy production (Arla Foods), retailing (Brugsen), wind turbine cooperatives and co-housing associations.imated to be 46% in xxxx.[91]nomist.[88]eting where the two territories are represented by two seats each. High Commissioners (Danish: Rigsombudsmand) act as representatives of the Danish government in the Faroese Løgting and in the Parliament of Greenland, but they can not vote.[80] The Faroese government is defined to be an equal partner with the Danish governemt in the act of xxxx (Act on the Faroese authorities acquisition of affairs and fields)[81][82] and the Greenlandic people are defined as a separate people with the right to self-determination.[83]ions were held on 19 November xxxx.ders Fogh Rasmussen, came to power in xxxx promising tighter immigration controls. A third successive centre-right leader, Lars Løkke Rasmussen, was prime minister from xxxx to xxxx due to Anders Fogh Rasmussen resigning as Prime Minister of Denmark to become the Secretary General of NATO. The Rasmussen governments were dependent on the right-wing populist Danish People's Party throughout the xxxxs to push through legislation, during which time immigration and integration emerged as major issues of public debate. Helle Thorning-Schmidt from the Social Democrats became Denmark's first female prime minister in xxxx, endLocated in Northern Europe, Denmark consists of the peninsula of Jutland and 443 named islands (1,419 islands above 100 square metres (1,100 sq ft) in total).[48] Of these, 72 are inhabited,[49] with the largest being Zealand and Funen. The island of Bornholm is located east of the rest of the country, in the Baltic Sea. Many of the larger islands are connected by bridges; the Øresund Bridge connects Zealand with Sweden; the Great Belt Bridge connects Funen with Zealand; and the Little Belt Bridge connects Jutland with Funen. Ferries or small aircraft connect to the smaller islands. The largest cities with populations over 100,000 are the capital Copenhagen on Zealand; Aarhus and Aalborg in JuDenmark occupies an area of 43,094 square kilometres (16,638.69 sq mi).[10][50] The size of the land area of Denmark cannot be stated exactly since the ocean constantly erodes and adds material to the coastline, and because of human land reclamation projects (to counter erosion). It shares a border of 68 kilometres (42 mi) with Germany to the south and is otherwise surrounded by 7,314 km (4,545 mi) of tidal shoreline (including small bays and inlets).[51] No location in Denmark is further from the coast than 52 km (32 mi). On the south-west coast of Jutland, the tide is between 1 and 2 m (3.28 and 6.56 ft), and the tideline moves outward and inward on aDenmark's northernmost point is Skagen's point (the north beach of the Skaw) at 57° 45' 7" northern latitude; the southernmost is Gedser point (the southern tip of Falster) at 54° 33' 35" northern latitude; the westernmost point is Blåvandshuk at 8° 4' 22" eastern longitude; and the easternmost point is Østerskær at 15° 11' 55" eastern longitude. This is in the archipelago Ertholmene 18 kilometres (11 mi) north-east of Bornholm. The distance from east to west is 452 kilometres (281 mi), from north to southCopenhagen is the spearhead of the bright green environmental movement in Denmark.[57] Copenhagen's most important environment research institutions are the University of Copenhagen, Copenhagen Business School,[58] Risø DTU National Laboratory for Sustainable Energy and the Technical University of Denmark, which Risø is now part of. Leading up to the xxxx United Nations Climate Change Conference (Copenhagen Summit), the University of Copenhagen held the Climate Change: Global Risks, Challenges and Decisions conference where the need for comprehensive action to mitigate climate change was stressed by the international scientific community. Notable figures such as Rajendra K. Pachauri, Chairman of the IPCC, Professor Nicholas Stern, author of the Stern Report, and Professor Daniel Kammen all emphasised the good example set by Copenhagen and Denmark in capitalising on cleantech and achieving economic growth while stabilThe Folketing is the national Parliament, the supreme legislative body of the kingdom. In theory it has the ultimate legislative authority according to the doctrine of parliamentary sovereignty, it is able to legislate on any matter and not bound by decisions of its predecessors. However questions over sovereignty have been brought forward because of Denmark's entry into the European Union. Parliament consists of 175 members elected by proportional majority, plus two members each from Greenland and the Faroe Islands.[65] Parliamentary elections are held at least every four years, but it is within the powers of the Prime Minister to ask the monarch to call for an election before the term has elapsed. On a vote of no confidence, the Parliament may force a single Minister or the entirLars Løkke Rasmussen was the Prime minister from April xxxx until September xxxx. He headed a right-wing government coalition consisting of Venstre (a conservative liberal party) and the Conservative People's Party, with parliamentary support from the national-conservative Danish People's Party. Following the September xxxx election the right wing lost by a small margin to the opposing left-wing coalition, led by Helle Thorning-Schmidt, who on 3 October xxxx formed a new government consisting of the Social Democrats, the Danish Social Liberal Party anJudicial authority remains separate from the executive and legislature and lies with the courts of justice. The Kingdom of Denmark does not have a single unified judicial system ? Denmark proper has one system, Greenland another, and the Faroe Islands a third.[68] However, decisions by the highest courts in Greenland and the Faroe Islands may be appealed to the Danish High Courts. The Danish Supreme Court is the highest civil and criminal court responsible for the administration of justice in the kingdom.d the Socialist People's Party.e government to resign.[66]ising carbon emissions. 368 kilometres (229 mi). 10 km (6.2 mi) stretch.[52]tland; and Odense on Funen.ing a decade of centre-right ruWhat initially appeared to be a failed qualification, would however soon turn out, to become Denmark's finest hour in the international competitions. Due to international sanctions resulting from the Yugoslav wars, UEFA announced on 31 May xxxx ? only 10 days before the competition commenced ? that Yugoslavia were to be excluded from the competition and their place given to Denmark, who entered as the second-placed team in its qualifying group.[7]le.