|Budget: Income .............. $62.1 Billion
Expenditure ... $66.4 Billion
Main Crops: Grain, potatoes, rape, sugar beets; beef, dairy products; fish
Natural Resources: Petroleum, natural gas, fish, salt, limestone, stone, gravel and sand .
Major Industries: Food processing, machinery and equipment, textiles and clothing, chemical products, electronics, construction, furniture, and other wood products, shipbuilding
GDP (2002): $172 billion.
Annual growth rate (real terms): 1.6%.
Per capita income: $32,079.
Agriculture and fisheries (2.4% of GDP at gross value added): Products--meat, milk, grains, seeds, hides, fur skin, fish and shellfish.
Industry (21.0% of GDP at gross value added): Types--industrial and construction equipment, food processing, electronics, chemicals, pharmaceuticals, furniture, textiles, windmills, and ships.
Natural resources: North Sea--oil and gas, fish. Greenland--fish and shrimp, potential for hydrocarbons and minerals, including zinc, lead, molybdenum, uranium, gold, platinum. The Faroe Islands--fish, potential for hydrocarbons.
Trade (2002): Exports--$56.1 billion: manufactured goods 80% (of which machinery and instruments 37%); agricultural products 10% (of which pork and pork products cover 48%), fuels 2%, fish and fish products 3%, other 4%. Imports--$48.8 billion: raw materials and semi-manufactures 43%, consumer goods 28%, capital equipment 15%, transport equipment 8%, fuels 4%, other 2%. Partners (% of total trade in goods)--Germany 21%, Sweden 12%, U.K. 9%, U.S. 5%, Norway 5%, Japan 2%, east European countries 5%.
Official exchange rate: (2001 avg.): 8.32 kroner=U.S. $1; (2002 avg.): 7.88 kroner=U.S. $1