 Macroeconomic Perspectives on the Danish Economy: Problems, Policies and ProspectsTorben M Andersen, Svend E Hougaard Jensen and Ole Risager Chapter 1 in Macroeconomic Perspectives on the Danish Economy, 1999, pp 1-39 from Palgrave Macmillan Abstract: Abstract Countries are often ranked according to their GDP per capita, properly adjusted for differences in price levels. Based on the purchasing power parity (PPP) adjusted GDP statistics, Denmark is one of the most affluent societies in the world. Compared to the EU average and the OECD average, Denmark was, respectively, 12 and 9 per cent ahead in 1995, and only a few countries B including Luxembourg, Norway, Switzerland and the United States – had a higher GDP per capita (The Economist, 1997). The level of real GDP was in 1997 about three times as large as in 1950 and, from the perspective of economic welfare, it is also important to note that over the same time period the average annual working hours have fallen by about a third. However, Denmark’s GDP growth rate has been slightly lower than in a number of other countries. Figure 1.1 shows real GDP for Denmark, (the average of) 15 EU countries and the United States; in all three cases real GDP is indexed to 100 in 1960. Keywords: Labour Market; Interest Rate; Current Account; Public Debt; Nominal Interest Rate (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50103-4_1 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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