The mixed economy of Denmark has provided living standards above the average for the rest of Europe, and a high level of trade. Denmark is ranked 16 in terms of GDP per capita and ranked No. 5 worldwide in GDP (nominal) per capita. The Danish economy is one of the world's most competitive economies according to the annual report World Economic Forum 2008, IMD and The Economist. According to World Bank Group, Denmark has more flexible labor market in Europe. The policy is called flexicurity allows very easy to hire, fire and find a job. Denmark has a workforce of 2.9 million people. Denmark is also the fourth-largest proportion of population with higher education in the world. The per capita GDP per hour worked is at No. 13 (2009). Denmark has the lowest level in terms of wage inequality, and the highest minimum wage in the world. In June 2010, unemployment averages 6.6%, 9.6% below the average of the European Union. The modern economy of Denmark allows that there is a high-tech agriculture, high levels of welfare, a stable currency and a high dependence on foreign markets. Denmark is a net exporter of food and energy and have a positive balance of payments.