The standard of living is generally high in Denmark, with annual
GDP per capita of US$30,000. Denmark retains a large and important
agricultural sector, two-thirds of whose produce is exported. Danish
manufacturing depends on imports of the raw materials and components.
Iron, steel and the production of other metals
are the most important industries, followed by electronics,
chemicals and biotechnology, paper
and printing, textiles, furniture
and cement. Food processing and drinks also make
a significant contribution.
Since the discovery of offshore oil and gas reserves in the 1980s,
production has increased to the point where the country can meet
all its domestic energy needs. Most of Denmark’s trade is
conducted within the EU, of which it is a member,
although it has proved reluctant to adopt measures which are perceived
as threatening to its sovereignty. Denmark so far has refused to
join the single European currency zone. Recent economic performance
has been steady with inflation at 2 per cent and unemployment 6
per cent are near the EU average, in 2004, annual growth remained
at 0 per cent. Germany is substantially the largest trading partner
followed by Sweden and the UK, outside the EU, Norway and the USA
are important trading partners. Denmark is a member of the Nordic
Union. Denmark's links with Scandinavia will be further
enhanced by the new road and rail system linking it to Sweden across
the Øresund Strait this being one of Europe’s
largest engineering infrastructure projects.
English is widely used for all aspects of business in Denmark. Local
businesspeople expect visitors to be on time and the approach to
business is often direct and quite straightforward. Avoid business
visits from mid-June to mid-August, as this is prime holiday periods.
Office hours: Monday-Friday 0800/0900-1600/1700
hrs (some offices close earlier Friday).
The following organisations can offer advice:
(Danish Chamber of Commerce),
DK-1217 Copenhagen K
Telephone number: 7013 1200
Fax number: 3332 5216
For information and brochures regarding conference facilities,
contact Wonderful Copenhagen Convention & Visitors Bureau
or the Danish Tourist Board (see Contact