Denmark, with a mixed market capitalist economy and a large welfare state,ranks as having the world's highest level of income equality. Denmark has the best business climate in the world, according to the U.S. business magazine Forbes.
Denmark shares a border of 68 kilometres with Germany to the south and is otherwise surrounded by 7,314 kilometres of coastline. It occupies 43,094 square kilometres. Since 2000 Denmark has been connected by the Øresund Bridge to southern Sweden.
Because of Denmark's northern location, the length of the day with sunlight varies greatly. There are short days during the winter with sunrise coming around 9:00 a.m. and sunset 4:30 p.m., as well as long summer days with sunrise at 4:00 a.m. and sunset at 10 p.m. The shortest and longest days of the year have traditionally been celebrated. The celebration for the shortest day corresponds roughly with Christmas (Danish: jul), and modern celebrations concentrate on Christmas Eve, 24 December.
Denmark is ranked 10th for the greenest countries to live in the world.
Denmark has historically taken a progressive stance on environmental preservation; in 1971 Denmark established a Ministry of Environment and was the first country in the world to implement an environmental law in 1973.
Denmark's mixed economy features efficient markets, above average European living standards. and high amount of free trade. Denmark rank 16th in the world in terms of GDP (PPP) per capita and rank 5th in nominal GDP per capita.
According to World Bank Group, Denmark has the most flexible labor market in Europe; the policy is called flexicurity. It is easy to hire, fire, and find a job. Denmark has a labor 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.
Significant investment has been made in recent decades in building road and rail links between Copenhagen and Malmö, Sweden (the Øresund Bridge), and between Zealand and Funen (the Great Belt Fixed Link). The Copenhagen Malmö Port was also formed between the two cities as the common port for the cities of both nations.
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