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Economy of Denmark


Submitted 44 day(s) ago by Interesting13

 

Denmark is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Denmark is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Denmark exports around $106 billion and imports roughly $98.45 billion. 5.2% of population in the country are unemployed. The total number of unemployed people in Denmark is 299,227. In Denmark, 13.4% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Denmark is low, indicating that it has a stable economy. Investors should consider Denmark to be a safe location for investments and other financial ventures. Government expenditure on education is 7.8% of GDP. The Gini Index of the country is 24.8. Denmark is experiencing high equality. Differences in income among citizens are only mildly significant. Denmark has a Human Development Index (HDI) of 0.9. Denmark has a very high HDI score. This indicates that nearly all citizens are able to attain a desirable life because of social and economic support; citizens with a low standard of living receive aid and support and have the opportunity to advance in society. The Global Peace Index (GPI) for Denmark is 1.15. Due to strong law enforcement presence and high social responsibility, Denmark is very safe by international standards. The strength of legal rights index for Denmark is 8. Overall, it is considered to be rather adequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available.

Currency

The currency of Denmark is Danish krone. The plural form of the word Danish krone is kroner. The symbol used for this currency is kr, and it is abbreviated as DKK. The Danish krone is divided into Ore; there are 100 in one krone.

Credit rating

The depth of credit information index for Denmark is 6, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Denmark has a credit rating score of AAA, and the prospects of this rating are stable. According to the Fitch credit-rating agency, Denmark has a credit rating score of AAA, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Denmark has a credit rating score of Aaa, and the prospects of this rating are stable.

Central bank

The prime lending rate of Denmark's commercial banks is 3.9. In Denmark, the institution that manages the state's currency, money supply, and interest rates is called National Bank of Denmark. Locally, the central bank of Denmark is called Danmarks Nationalbank. The average deposit interest rate offered by local banks in Denmark is 0.5%.

Public debt

Denmark has a government debt of 0% of the country's Gross Domestic Product (GDP).

Tax information

The corporate tax in Denmark is set at 22%. Personal income tax ranges from 29.68% to 47.794%, depending on your specific situation and income level. VAT in Denmark is 25%.

Finances

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Denmark is $250676 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Denmark was last recorded at $44 million. PPP in Denmark is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Denmark is 336,701 billion. Based on this statistic, Denmark is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Denmark. The Gross Domestic Product (GDP) per capita in Denmark was last recorded at $59 million. 

Economy of Brazil


Submitted 51 day(s) ago by Interesting13

 

Brazil is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Brazil may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Brazil exports around $244.8 billion and imports roughly $241.4 billion. 13.1% of population in the country are unemployed. The total number of unemployed people in Brazil is 27,623,702. In Brazil, 0.4% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Brazil is low, indicating that it has a stable economy. Investors should consider Brazil to be a safe location for investments and other financial ventures. Government expenditure on education is 5.1% of GDP. The Gini Index of the country is 51.9. Brazil is experiencing inequality. The gap between the richest and poorest citizens in this country is significant and obvious, resulting in a drastically different standard of living for rich and poor citizens. Brazil has a Human Development Index (HDI) of 0.744. Brazil has an upper medium HDI score. This indicates that the majority of citizens will be able to attain a desirable life, though some citizens will not be able to achieve high living standards. The Global Peace Index (GPI) for Brazil is 2.122. The strength of legal rights index for Brazil is 2. Overall, it is considered to be rather weak - bankrupcy and collateral laws are unable to protect the rights of borrowers and lenders in case of credit-related complications; credit information, if any at all, is scarce and hardly accessible.

Currency

The currency of Brazil is Brazilian real. The plural form of the word Brazilian real is reais. The symbol used for this currency is R$, and it is abbreviated as BRL. The Brazilian real is divided into Centavo; there are 100 in one real.

Credit rating

The depth of credit information index for Brazil is 7, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Brazil has a credit rating score of BB+, and the prospects of this rating are negative. According to the Fitch credit-rating agency, Brazil has a credit rating score of BBB-, and the prospects of this rating are negative. According to the Moody's credit-rating agency, Brazil has a credit rating score of Baa3, and the prospects of this rating are stable.

Central bank

The prime lending rate of Brazil's commercial banks is 33. In Brazil, the institution that manages the state's currency, money supply, and interest rates is called Central Bank of Brazil. Locally, the central bank of Brazil is called Banco Central do Brasil. The average deposit interest rate offered by local banks in Brazil is 10%.

Public debt

Brazil has a government debt of 86.4% of the country's Gross Domestic Product (GDP), as assessed in 2014.

Tax information

The corporate tax in Brazil is set at 34%. Personal income tax ranges from 0% to 27.5%, depending on your specific situation and income level. VAT in Brazil is 25%.

Finances

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Brazil is $3275799 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Brazil was last recorded at $16 million. PPP in Brazil is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Brazil is 2,243,854 billion. Based on this statistic, Brazil is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Brazil. 

Alibaba antitrust probe: not a sign winter is coming but a new start for tech industry, Chinese official media says | South China Morning Post

www.scmp.com
Submitted 71 day(s) ago by system

The investigation into e-commerce giant Alibaba’s alleged monopolistic practices is necessary to ensure the healthy development of the industry, Chinese Communist Party mouthpiece People’s Daily says.

EU-UK trade talks floundering over fish as cutoff day nears

apnews.com
Submitted 76 day(s) ago by system

BRUSSELS (AP) — Deep into a crucial weekend of negotiations, a breakthrough on fishing rights remained elusive for the European Union and Britain, leaving both without a trade agreement that would...

RCEP: China signs huge Asia Pacific trade deal with 14 countries - CNN

edition.cnn.com
Submitted 110 day(s) ago by system

China has just joined forces with more than a dozen countries across the Asia Pacific region to sign a huge free trade deal nearly a decade in the making.

Oxford vaccine prompts immune response in elderly: AstraZeneca | United Kingdom | Al Jazeera

www.aljazeera.com
Submitted 131 day(s) ago by system

Experimental COVID-19 vaccine also triggers lower adverse responses among older people, British drug maker says.

Coronavirus unemployment: State begins pause for jobless claims

www.mercurynews.com
Submitted 156 day(s) ago by system

California is partway through a deliberate pause in processing an avalanche of unemployment claims that poured into the embattled state labor agency amid coronavirus-linked business shutdowns -- and state officials disclosed on Thursday a backlog of jobless claims that is still about 1.6 million.

US jobless claims drop sharply as government changes counting method | Business | The Guardian

www.theguardian.com
Submitted 184 day(s) ago by system

Claims down to 881,000 from 1m the previous week, after labor department said it was changing its statistical model to better reflect impact of Covid

China fires 'aircraft-carrier killer' missile in warning to US | News | Al Jazeera

www.aljazeera.com
Submitted 192 day(s) ago by system

Ballistic missiles launched in response to US aerial activities in a 'no-fly zone' area during a Chinese naval drill.

U.S. retail sales slow in July; obstacles mount for nascent economic recovery - Reuters

www.reuters.com
Submitted 204 day(s) ago by system

U.S. retail sales increased less than expected in July as consumers cut back on purchases of motor vehicles, and could slow further in the months ahead amid spiraling new COVID-19 infections and a reduction in unemployment benefit checks.

Uber Calls for a New Deal for Gig Workers | Technology News

gadgets.ndtv.com
Submitted 205 day(s) ago by system

Uber outlined proposals for a new type of relationship with gig workers, including its own drivers, that would keep them as independent contractors but with some guaranteed benefits.

China's economic recovery underwhelms as consumer comeback stays elusive - Reuters

www.reuters.com
Submitted 205 day(s) ago by system

China's retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world's second-largest economy failed to shake off wariness about the coronavirus, while the factory sector's recovery struggled to pick up pace.

Trump embraces jobs report signaling slowdown | TheHill

thehill.com
Submitted 211 day(s) ago by system

The White House is trying to capitalize on the latest jobs numbers, arguing they point to a strong economic recovery under President Trump even as millions remain out of work and states grapple with increases in cor

Economy suffers record-breaking GDP fall due to COVID-19 - YouTube

www.youtube.com
Submitted 219 day(s) ago by system

ABC News’ Rebecca Jarvis explains the significance of the U.S. economy’s 32.9% drop last quarter. ABC News Live Prime, Weekdays at 7EST & 9EST WATCH the ABC ...

VIDEO: Insurance agent fired after mask meltdown at Costco | KUTV

kutv.com
Submitted 241 day(s) ago by system

A Florida man has been fired from his job as an insurance agent after his videotaped tirade when asked to wear a face mask at a Costco Wholesale store drew a massive audience on social media. The video posted Monday on Twitter shows a man wearing flip-flops and a red T-shirt emblazoned with "Running the world since 1776" shouting in the store after reportedly being asked why he was not wearing a face covering, as required at all Costco locations.

Fed suspends share buybacks and limits dividends for big banks after stress test results | Markets Insider

markets.businessinsider.com
Submitted 254 day(s) ago by system

The Federal Reserve on Thursday imposed new restrictions on the US banking system after its annual stress test showed that some banks may approa...

Coronavirus: Chinese firm says its vaccine candidate passes phase two clinical trials | South China Morning Post

www.scmp.com
Submitted 263 day(s) ago by system

China National Biotec Group (CNBG) says tests show its vaccine is safe, and now looks to clinical trials overseas; China has five vaccines under clinical study, with Sinovac Biotech’s candidate also completing a phase two trial.

YouTube

www.youtube.com
Submitted 269 day(s) ago by system

Federal Reserve Chairman Jerome Powell said he believes millions of people will not ‘get to go back to their old job’ and ‘there may not be a job in that ind...

Hedge funds in Hong Kong are considering pulling out over fears that China's new security law could ruin their operations | Markets Insider

markets.businessinsider.com
Submitted 270 day(s) ago by system

Hedge funds in Hong Kong are exploring exit strategies from Asia's financial hub as Beijing's new security law threatens data privacy and capita...

Watch live: NY Gov. Andrew Cuomo holds a press conference on the coronavirus and George Floyd protests

www.cnbc.com
Submitted 275 day(s) ago by system

"I know a lot of the protesters are so annoyed they don't want to hear about Covid anymore," Cuomo said on Tuesday. "Covid is yesterday's news.' No, Covid is still a problem. Covid still kills also, so be mindful and respectful of that."

U.S. manufacturing activity crawls off 11-year low - Reuters

www.reuters.com
Submitted 278 day(s) ago by system

U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.

China's May factory activity cools as weak demand curbs output - Reuters

www.reuters.com
Submitted 280 day(s) ago by system

China's factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened, pointing to an uneven recovery in the world's second-largest economy as businesses emerge from coronavirus-led shutdowns.

U.S. consumer spending tanks; savings hit record high - Reuters

www.reuters.com
Submitted 281 day(s) ago by system

U.S. consumers cut spending by the most on record for the second straight month in April while boosting savings to an all-time high, and the growing frugality reinforced expectations the economy could take years to recover from the COVID-19 pandemic.

Coronavirus crisis: govt borrowing hits record level - BBC News - YouTube

www.youtube.com
Submitted 288 day(s) ago by system

Government borrowing has surged to its highest level on record, underlining the scale of the economic damage caused by the coronavirus pandemic. The deficit, the difference between government spending and tax receipts, soared to more than £62 billion in April, due to the level of financial support provided by the Treasury, to help businesses and employees through the crisis. The hole in the government finances wasn't helped by a big drop in retail sales. They plummeted by a record amount in April, as many high street stores closed in the coronavirus lockdown. Clothing sales were hit hardest, down more than 50 per cent, although online spending online rose. The company which owns the coach firm Shearings has gone into administration. The Specialist Leisure Group, which is based in Wigan and employs more than 2,500 people also runs the brands UK Breakaways, Caledonian Travel and Country Living Hotels. Clive Myrie presents BBC News at Ten reports from Economics Editor Faisal Islam, Business Correspondent Emma Simpson and Judith Moritz in Wigan. Please subscribe HERE http://bit.ly/1rbfUog

Businesses 'will have to pay a fifth of furloughed workers' wages'

www.telegraph.co.uk
Submitted 288 day(s) ago by system

Chancellor is expected to start asking companies to share the cost of the scheme which will run until October

China will not set an economic growth target amid 'great uncertainty' - CNN

edition.cnn.com
Submitted 289 day(s) ago by system

China will not set a specific target for economic growth this year — a sign of how much uncertainty the coronavirus pandemic has caused the world's second largest economy.

UK farming and car industry to be protected in post-Brexit trade regime | Business | The Guardian

www.theguardian.com
Submitted 292 day(s) ago by system

Government sets out plan to cut tariffs, with many import duties to be reduced to zero

White House economic adviser Kevin Hassett expects unemployment rate to climb past 20% - CBS News

www.cbsnews.com
Submitted 299 day(s) ago by system

Kevin Hassett predicted that the unemployment rate will likely reach its peak in May or June.

Nine in ten Brits 'don't want UK lockdown lifted' amid coronavirus fears - Mirror Online

www.mirror.co.uk
Submitted 301 day(s) ago by system

An overwhelming majority of Brits are scared of a second wave of coronavirus and do not want Boris Johnson to lift the lockdown yet - despite concern for their jobs - a Deltapoll survey has found

Great Depression-like U.S. job losses, unemployment rate expected in April - Reuters

www.reuters.com
Submitted 303 day(s) ago by system

The U.S. economy likely lost a staggering 22 million jobs in April, in what would be the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.

Strict social distancing measures 'to be in place for a year' after lockdown is lifted - Mirror Online

www.mirror.co.uk
Submitted 306 day(s) ago by system

An industry insider has revealed Government guidelines to allow safe return to work for seven key sectors could be in place for a year due to fears the virus is seasonal

Citing 'vein of toxicity' and firing of whistleblowers, Amazon VP resigns in disgust - GOOD

www.good.is
Submitted 306 day(s) ago by system

"This is a really big deal. This kind of courage is what we need right now, in every workplace and walk of life."

Global markets recoil as Trump threatens US-China trade war | Business | The Guardian

www.theguardian.com
Submitted 309 day(s) ago by system

US president escalates attack on Beijing’s handling of coronavirus pandemic

Several states ease coronavirus mitigation despite warnings - YouTube

www.youtube.com
Submitted 313 day(s) ago by system

A rising number of states will start to reopen this week, despite the risk people will get sick from the coronavirus. In California, people crowded beaches over the weekend, even though a stay-at-home order is still in place. In Georgia, some businesses are now open to customers, after a controversial decision by the state's governor. Mark Strassmann reports on the state of lockdowns across the country.

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