jects it. Denmark is,
in fact, one of the few EU countries likely to fit into the EMU on
time. Denmark is weathering the current worldwide slump better than
many West European countries. After posting 4.5% real GDP growth in
1994, Copenhagen is predicting a continued strong showing in 1995,
with real GDP up by 3.2%. The government expects an upswing in
business investment in 1995 to drive economic growth. Although
unemployment is high, it remains stable compared to most European
countries.

National product: GDP - purchasing power parity - $103 billion (1994
est.)

National product real growth rate: 4.5% (1994 est.)

National product per capita: $19,860 (1994 est.)

Inflation rate (consumer prices): 2% (1994 est.)

Unemployment rate: 12.3% (1994 est.)

Budget:
revenues: $56.5 billion
expenditures: $64.4 billion, including capital expenditures of $NA
(1994 est.)

Exports: $42.9 billion (f.o.b., 1994)
commodities: meat and meat products, dairy products, transport
equipment (shipbuilding), fish, chemicals, industrial machinery
partners: EC 54.3% (Germany 23.6%, UK 10.1%, France 5.7%), Sweden
10.5%, Norway 5.8%, US 4.9%, Japan 3.6% (1992)

Imports: $37.1 billion (c.i.f., 1994 est.)
commodities: petroleum, machinery and equipment, chemicals, grain and
foodstuffs, textiles, paper
partners: EC 53.4% (Germany 23.1%, UK 8.2%, France 5.6%), Sweden
10.8%, Norway 5.4%, US 5.7%, Japan 4.1% (1992)

External debt: $40.9 billion (1994 est.)

Industrial production: growth rate -2.5% (1993 est.)

Electricity:
capacity: 10,030,000 kW
production: 32 billion kWh
consumption per capita: 5,835 kWh (1993)

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

Agriculture: accounts for 4% of GDP; principal products - meat, dairy,
grain, potatoes, rape, sugar beets, fish

Economic aid:
donor: ODA and OOF commitments (1970-89), $5.9 billion

Currency: 1 Danish krone (DKr) = 100 oere

Exchange rates: Danish kroner (DKr) per US$1 - 6.034 (January 1995),
6.361 (1994), 6.484 (1993), 6.036 (1992), 6.396 (1991), 6.189 (1990)

Fiscal year: calendar year

@Denmark:Transportation

Railroads:
total: 2,838 km (494 km privately owned and operated)
standard gauge: 2,838 km 1.435-m gauge (440 km electrified; 760 km
double track) (1994)

Highways:
total: 71,04