It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
It is stipulated in the Danish Constitution, the monarch is not answerable for their actions, and their person is sacrosanct. The monarch formally appoints and dismisses the prime minister and other ministers. The prime minister is customarily chosen through negotiation between the parliament party leaders.
Denmark's mixed economy features above average European living standards and high amount of free trade. Denmark ranks 16th in the world in terms of GDP (PPP) per capita and ranks 5th in nominal GDP per capita.
According to World Bank Group, Denmark has the most flexible labour market in Europe; the policy is called flexicurity. It is easy to hire, fire, and find a job. Denmark has a labour force of about 2.9 million. Denmark has the fourth highest ratio of tertiary degree holders in the world. GDP per hour worked was the 10th highest in 2007. Denmark has the world's lowest level of income inequality, according to the UN, and the world's highest minimum wage, according to the IMF. As of June 2009 the unemployment rate is at 6.3%, which is below the EU average of 8.9%.
Denmark is one of the most competitive economies in the world according to World Economic Forum 2008 report, IMD, and The Economist. According to rankings by OECD, Denmark has the most free financial markets in EU-15 and also one of the most free product markets.
Denmark has a company tax rate of 25% and a special time limited tax regime for expatriates. The Danish taxation system is both broad based (25% VAT, not including excise, duty and tax) and has the world's highest income tax.
Some things in this stats makes absolute no sense.
My Country - Switzerland is on Place 2 of the happiest Countrys. But we have also the 2nd most suicide rate on this planet. How can this fit together?