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. Moreover, close to 90 percent of the countries' population live in urban areas. Both the Faroe Islands and Greenland belong to Denmark, and Queen Margrethe II is the head of state of both territories. However, the two enjoy a high degree of autonomous rule. The Faroe Islands has its own currency, and Faroese is recognized as an official language next to Danish. Both territories have just above 50,000 inhabitants.
Quality of life
Denmark is considered to be one of the best countries in the world to live in, and ranks high on the United Nation's Human Development Index. Moreover, Denmark was ranked as the third happiest country in the world in 2020, only beaten by its Nordic neighbors Finland and Iceland. Over the last years, the Danish concept 'Hygge' has become popular around the world. It refers to situations where you create a special, cozy atmosphere with your family or friends, for instance when you enjoy a warm drink with someone in front of the fireplace.Economy
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, and after the outbreak of COVID-19 in 2020, the country has developed a highly-competitive service-based economy. Denmark has a high employment rate, a low inflation rate and a very stable social security system. For instance, all higher education is free of charge, and it has a public, tax-funded health care system available to all inhabitants. Denmark has also reported a trade surplus every year over the past decade. Germany is Denmark's most important trading partner, both in terms of imports and exports.
