Denmark

Denmark has a developed mixed economy that is classed as a high-income economy by the World Bank. In 2017, it ranked 16th in the world in terms of gross national income (PPP) per capita and 10th in nominal GNI per capita. Denmark's economy stands out as one of the most free in the Index of Economic Freedom and the Economic Freedom of the World. It is the 10th most competitive economy in the world, and 6th in Europe, according to the World Economic Forum in its Global Competitiveness Report 2018. Lego was also created in Denmark. Like other Nordic countries, Denmark has adopted the Nordic Model, which combines free market capitalism with a comprehensive welfare state and strong worker protection. As a result of its acclaimed "flexicurity" model, Denmark has the freest labour market in Europe, according to the World Bank. Denmark has considerably large deposits of oil and natural gas in the North Sea and ranks as number 32 in the world among net exporters of crude oil and was producing 259,980 barrels of crude oil a day in 2009. Denmark is a long-time leader in wind power: In 2015 wind turbines provided 42.1% of the total electricity consumption. In May 2011 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). Denmark is connected by electric transmission lines to other European countries. Denmark has a long tradition of scientific and technological invention and engagement, and has been involved internationally from the very start of the scientific revolution. In current times, Denmark is participating in many high-profile international science and technology projects, including CERN, ITER, ESA, ISS and E-ELT. Denmark was ranked 9th in the Global Innovation Index in 2021, down from 6th in 2020 and from 7th in 2019.

Significant investment has been made in building road and rail links between regions in Denmark, most notably the Great Belt Fixed Link, which connects Zealand and Funen. It is now possible to drive from Frederikshavn in northern Jutland to Copenhagen on eastern Zealand without leaving the motorway. The main railway operator is DSB for passenger services and DB Cargo for freight trains. The railway tracks are maintained by Banedanmark. The North Sea and the Baltic Sea are intertwined by various, international ferry links. Construction of the Fehmarn Belt Fixed Link, connecting Denmark and Germany with a second link, will start in 2015.