According open for innovations. The country wantAccording open for innovations. The country want

According to CEIC, a Euromoney Institutional investor Company
( ), GNP (Gross National Product) of Denmark was $85.480.78 million USD as of September 2017 and the GDP (Gross Domestic Product) of Denmark is nearly $53,573.8 billion USD in 2016 which is a 1.3%growth comparing to previous year. (
In November 2017, it was seen that the Danish consumer price was showing 1.3% increase but the housing & utilities, clothing, food and beverages showed a little decline. On an average, the harmonised inflation rate now is approximately 1.3% in 2017.
The unemployment rate was 4.3% in September 2017 and amongst the labor force, more unemployed people can be seen in the age group in 50 and above, whereas majority of the youth were employed.
As far as the taxation environment is concerned, it is based on progressive structure but very less is charged for retired ones. Wealth tax is levied only if a person owns a million, which means the taxation system of Denmark is such that it targets the rich, wealthy and comforts the lower income group. In this country, for those who want to set up a business or work, the country is very encouraging and open for innovations. The country want to expand their industry from dairy products to technological advancement mainly in value added production such as processing and finished products, moreover the tax paid by the employment groups as social security contributions are fair comparing to other European countries.
This nation has a mixed type of economic system; it has both capitalist and socialist type of features. There are many sectors and industries that government is trying to privatise or sell off its shares. Denmark has fertile vast land and is the major dairy producer in Europe by making use of the modern technology as well as subsidies in the form of support by the government. The role of the government has reduced from the time it became the member of the European Union.
Out of all the countries that Denmark trades with, the major trading partner is Germany as maximum percentage of both exports and imports takes place between them (nearly 15% of Denmark exports goes to Germany). Any kind of business or trade within the European Union is completely free of any restrictions, also; Denmark is the member of OECD, WTO and WCO (customs). The Canada –European Union Comprehensive Economic Trade Agreement (CETA) is a progressive Free Trade Agreement which eliminates most of its tariff lines for the Canadian goods. Denmark is Canada’s 13th largest EU market. Denmark is also the 11th largest economy in European Union.
Denmark is a small country with an open economy which is highly dependent on foreign trade, the FDI policy is very liberal in this country. As an EU member state, Denmark is bound by EU controls on free development of products, capital, people and certain administrations. Denmark invites foreign investment and does not distinguish between EU and other investors. There are no additional tariffs on foreign investors, nor bias against foreign companies from local or national authorities. However, Ownership restrictions are applied for Aviation, Defense materials, Hydrocarbon exploration, Maritime, Real estate, Securities trading.