Denmark's Homegrown Companies Fuel Rise to Top 3 Richest in Europe, But High Taxes Raise Concerns

Denmark's GDP per capita is now the 3rd highest in Europe, behind only Luxembourg and Ireland, thanks to homegrown companies like Novo Nordisk, Maersk, Vestas, and Lego.

Danish companies like Novo Nordisk, Vestas, and Maersk built upon the country's agricultural and natural resources like wind and water.

Denmark has high taxes but also free education and healthcare, contributing to a skilled workforce that companies benefit from.

There are questions whether Denmark's high taxes are limiting how well the economy could perform.

German banks have significant exposure to commercial real estate, risking property crashes that could impact smaller lenders.