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Denmark is a free-market capitalist economy with a strong social welfare safety net for its citizens. It is rated among the world’s best locations for doing business due to its talent pool, flexible labor market, reliable supplies of electricity and water, and well-developed financial system. The country has consistently ranked 3rd in the World Bank’s Ease of Doing Business.
The basic principle of the Danish welfare system, often referred to as the Scandinavian welfare model, is that all citizens have equal rights to social security.
Historically, Denmark is an agricultural country, but for many years now the production structure has been changing. Denmark relies on a highly developed service sector and large export-oriented industry. Altogether, the service sector employs 66 % of the Danish workforce.
