Denmark Economy

Working abroad sounds like an adventure to many people. However, job search in Denmark requires more than just the obvious Denmark CV writing and translation, it requires thorough preparation. You will face problems that probably did not even come to your mind when you decided to get an overseas employment.

Do not take too lightly the influence a job in Denmark can have on the effect of your adventure! For instance, you will experience the different immigration rules and practices, strange job application procedures, unfamiliar job candidate selection criteria and out of the ordinary management culture.

art_warning Denmark EconomyMost visits to Denmark are trouble-free but you should be aware of the global risk of indiscriminate international terrorist attacks, which could be against civilian targets, including places frequented by foreigners.

Denmark economy - overview: The Denmark economy has in recent years undergone strong expansion fueled primarily by private consumption growth, but also supported by exports and investments. This thoroughly modern market economy features high-tech agriculture, up-to-date small-scale and corporate industry, extensive government welfare measures, comfortable living standards, a stable currency, and high dependence on foreign trade. Denmark is a member of the European Union (EU); Danish legislation and regulations conform to EU standards on almost all issues.

Denmark is a net exporter of food and energy and enjoys a comfortable balance of payments surplus. The controversy over caricatures of the Prophet Muhammad printed in a Denmark newspaper in September 2005 led to boycotts of some Denmark exports to the Muslim world, especially exports of dairy products, but the boycotts did not have a significant impact on the overall Denmark economy.

Denmark's economy began slowing in 2007 with the end of a housing boom. Denmark made a modest recovery in 2010 in part because of increased government spending; however, the country experienced a technical recession in late 2010-early 2011.

The Danish economy is characterized by extensive government welfare measures and an equitable distribution of income. The Denmark living standards and welfare benefits are among the highest in the world. A major long-term issue will be the sharp decline in the ratio of workers to retirees.

So far Denmark has decided not to join the European Economic and Monetary Union (EMU). Denmark held the EU presidency during the first half of 2012.

Labor force - by occupation: agriculture 3%, industry 21%, services 76% (2004 est.)

Unemployment rate: 2.8% (2007 est.), 6% (2011 est.)

Natural resources: petroleum, natural gas, fish, salt, limestone, stone, gravel and sand

Industries: food processing, machinery and equipment, textiles and clothing, chemical products, electronics, construction, furniture and other wood products, shipbuilding, windmills

DenmarkCurrency Denmark EconomyCurrency: Denmark Kroner (DKK; symbol kr) = 100 øre. Notes are in denominations of kr 1,000, 500, 200, 100 and 50. Coins are in denominations of kr20, 10, 5, 2 and 1, and 50 and 25 øre.

Credit/Debit Cards and ATMs: All major credit and debit cards are widely accepted. ATMs are widely available.

Traveler’s Cheques:Can be cashed by banks and hotels, and can be used at most restaurants and shops. To avoid additional exchange rate charges, travelers are advised to take traveler’s cheques in Euros, Pounds Sterling or US Dollars.

Exchange rates: Denmark kroner (DKK) per US dollar - 5.291 (2011 est.), 5.624 (2010 est.), 5.361 (2009), 5.0236 (2008), 5.4797 (2007), 5.9468 (2006), 5.9969 (2005), 5.9911 (2004), 7.89 (2002), 8.32 (2001), 8.08 (2000), 6.98 (1999), 6.7 (1998)

Inflation rate (consumer prices): 1.7% (2007 est.), 2.8% (2011 est.)

Other Denmark Economy Info

We hope that your Denmark job search has been successful and you will get Denmark visa too. So, if your Denmark cover letter and Denmark CV are ready, you may distribute them to your future employers and start preparing for a Denmark job interview.

In addition, on the international info, job search, visa, work permit, cover letter, CV & resume, job interview and dress code pages you will find many useful tips for overseas job seekers.

Good luck with the Denmark economy info!

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