Denmark is a country of rich and diverse history. From the early Saxons who were capable of traversing the dangerous North Sea, to the supermodel Helena Christensen who boldly conquers the catwalk, Denmark captivates the imagination and constantly evolves.
Denmark is the least corrupt country in the world
We are proud that Denmark is the world leader in tackling corruption, and for the second time in 3 years has been recognised as the world’s least corrupt country in 2012.
Below is the top twenty least corrupt countries as presented in the 2012 Corruption Perception Index for countries. The full results are available here, from Transparency International.
|Country Rank||Country / Territory||CPI 2012 Score||Surveys Used||Standard Error||90% Confidence interval||Scores range|
Denmark is one of the stable economies in Europe. Denmark decided against joining the Euro, but has pegged it’s currency, the Krone, to the Euro. The economy took a dip during the recession and GDP was negative for 2008 and 2009. However, that has since returned to a positive growth and Denmark has traversed the recession without as many problems as some of our European counterparts.
The GDP of Denmark is the 52nd largest in the world, at over US$200bn. It is testament to the good financial management and skill of the Danish Government that Denmark has avoided some of the bigger problems facing other European countries. This is why we are confident in establishing Qudos Insurance A/S within such a well-regulated framework.
Denmark performance charts
Denmark has demonstrated a stable and strong economy over the last five years, as can be demonstrated by the charts below, comparing Denmark’s performance to other European economies.
All figures are taken from the Office for Economic Co-operation and Development (OECD) website, which is available here, on October 26th, 2011.
All figures in USDx1,000 – current price, current PPP
The financial intermediation services indirectly measured (FISIM) are allocated to industries and institutional sectors.
Original chain constant price estimates are referenced to 2000.
Long term interest rate comparison
The [Financial Indicators (MEI)] dataset itself contains financial statistics on five separate subjects: Monetary Aggregates, Interest Rates, Exchange Rates, Reserve Assets, and Share Prices. The data series presented within these subjects have been chosen as the most relevant financial statistics in the MEI database for which comparable data across countries is available. In all cases a lot of effort has been made to ensure that the data are internationally comparable across all countries presented and that all the subjects have good historical time-series’ data to aid with analysis. All data are available monthly, and are presented as either an index (where the year 2005 is the base year) or as a level depending on which measure is seen as the most appropriate and/or useful in the economic analysis context.
Central Government Debt as a Percentage of GDP
As another sign of Denmark’s continued economic stability and success, Denmark has also continued to donate to the Financial Intermediary Fund; and despite the fund itself seeing a drop in funds held for 2010, Denmark actually contributed their largest donation.
Contributions to Financial Intermediary Funds for Denmark
As of 08/19/2011
The innovative financing and governance arrangements of Financial Intermediary Funds (FIFs) enable funds to be raised from multiple sources, including from sovereign and private sources. FIFs can receive contributions in the form of concessional loans and capital contribution in addition to traditional grant funds. In addition, FIFs can receive funds from innovative sources, such as proceeds from CER sales. This chart shows contributions to all FIFs provided by a country during a certain calendar year.