Denmark, Economy

Denmark has traditionally been an agrarian country. Since the end of World War II (1939-1945), however, manufacturing and services have gained in importance. The proportion of the labor force in agriculture declined from an estimated 14 percent in 1965 to 4 percent in 1998. Danish ships, which operate in foreign waters, contribute substantially to the economy. The country is also profitably involved in foreign investments, shipbuilding, and foreign construction. The national budget in 1999 included $66 billion in revenues and $64 billion in expenditures. Denmark’s gross domestic product (GDP) in 2000 was $162.3 billion.