About half of the production from the Danish manufacturing industry is exported. Furthermore, nearly 80 per cent of the export revenue stems from exports of manu-factured products. The still more rapid progress of technological development entails that the production machinery in the manufacturing industry is outdated quickly, implying that companies continuously are forced to hold large investments in new equipment. Labour Market Relations Labour force participation in Denmark is among the highest in the world. This comes about, as the female participation rate in Denmark is one of the highest in the world, only exceeded by the female participation rate in Sweden.
Labour costs are relatively high in Denmark - but so is productivity.
The basis for this high productivity is a highly educated labour force. External Trade Denmark is a small open economy, where foreign trade accounts for a significant part of the economic activity. The EU is the most important market for Danish exports.