Four fifths of the freight is carried in liner traffic. The mercantile fleet includes many special vessels, usually built in Denmark, ranging from arctic region freighters to environmental patrol vessels. Financial services and tourism T he financial sector and insurance industry were quick to adapt to the Single European Market and the freedom it gave to operate freely throughout Europe. Increased competition has made it necessary for many enterprises to merge and in some cases to reduce total staffing, and some companies have suffered considerable losses. But Denmark's financial sector has carried through the necessary adjustments with little state assistance, unlike many other countries.
Analysts expect it to advance to second place by the end of the century.
Denmark does not have the sunniest climate in the world, but the beaches are excellent, clean and rarely overcrowded. Considerable effort has gone into developing theme tourism, and Denmark's many museums are well visited. Cultural activities are another flourishing area. The public sector provides 22 per cent of gross national product. The typical Danish industrial concern begins with a single owner and is based on that person's idea and his or her savings.