The Kingdom of Denmark is a sovereign state in Northern Europe. It is the southernmost of the Nordic countries and shares borders only with Germany to the South. Together with Sweden and Norway, Denmark forms part of the cultural region known as Scandinavia. Despite its large size, Denmark has a population of just over 5.7 million people. However, the population figures are estimated to grow by about two hundred thousand inhabitants until 2020, one reason being the increase in overall life expectancy; between 2005 and 2015, life expectancy at birth in Denmark increased by almost 4 years.
Over 20 percent of Denmark’s population live in the nation’s capital and largest city, Copenhagen. Denmark has been a member of the European Union since 1973, and it is among the founding members of NATO, the Nordic Council and the United Nations.
As for the country’s economic situation, Denmark has proved quite stable and competitive: Despite an economic slump following the global economic crash in 2008 and 2009, the country has developed a highly-competitive service-based economy. Denmark has a high employment rate, an extremely low inflation rate and very stable social security system. In 2015 and 2016, the inflation rate in Denmark was below 0.5 percent. In 2017, Denmark’s unemployment rate was at only 5.7 percent, making it significantly lower than that of the whole European Union and thus one of the lowest rates among all member states.
Denmark has also reported a trade surplus every year over the past decade.
All in all, things seem to be anything but rotten in the state of Denmark, and the country surely is one of the few among the European Union member states to be able to look forward to a bright and economically stable future.
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