The Denmark has a modern mixed economy with comfortable living standards, a high level of government services and transfers, and a high dependence on foreign trade. Nominal gross national income per capita was the seventh-highest in the world at $58,439 in 2020. Denmark generally advocates a liberal trade policy, and its exports as well as imports make up circa 50% of GDP.
The economy of Italy is the third-largest national economy in the European Union, the eighth-largest by nominal GDP in the world. It is the tenth-largest exporter in the world, with $632 billion exported in 2019. Its closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade.
As a highly developed mixed economy, Australia was the 13th-largest national economy by nominal GDP, 18th-largest by PPP-adjusted GDP, and was the 25th-largest goods exporter and 20th-largest goods importer, @2020. It has the tenth -highest total estimated value of natural resources, valued at US$19.9 trillion in 2019.
With low tax-rates and the second-highest per-capita GDP in the world in terms of purchasing power parity (PPP), Singapore is a highly-developed free-market economy. Ranked by the World Economic Forum as the most open in the world, Singapore is the 3rd-least corrupt, and the most pro-business. And the headquarter of Asia-Pacific Economic Cooperation (APEC) is in Singapore.