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Denmark

Headline economic indicators for Denmark, with the most recent official readings.

Prices

Prices — Denmark
Indicator Value Change
Inflation rate · 1.9% +0.51 (+37.0%)
Consumer price index · 129.7 +2.41 (+1.9%)
Inflation rate (monthly) · 2.1% +0.10 (+5.0%)
Harmonised consumer price index · 124.5 +0.04 (+0.0%)
House price index (quarterly) · 177.7 +4.89 (+2.8%)
House price inflation, year on year (quarterly) · 8.3% +0.77 (+10.2%)
Real house price index (quarterly) · 136.8 +4.17 (+3.1%)
Real house price growth, year on year (quarterly) · 7.4% +1.96 (+36.3%)
Producer prices, year on year (monthly) · 10.5% +2.00 (+23.5%)
GDP deflator inflation · 1.7% +0.21 (+14.4%)

GDP

GDP — Denmark
Indicator Value Change
GDP growth rate · 2.9% -0.55 (-15.8%)
GDP per capita · 76,970.15 +5,944 (+8.4%)
GDP growth, quarter on quarter · 0.9% -0.80 (-47.1%)
GDP growth, year on year (quarterly) · 5.7% -0.70 (-10.9%)
Industrial production, year on year (monthly) · 8.3% +1.80 (+27.7%)
Retail sales volume, year on year (monthly) · 4.9% +0.80 (+19.5%)
Economic sentiment indicator (monthly) · 93.6 +0.10 (+0.1%)
Consumer confidence (monthly) · -11.6 -2.70 (-30.3%)
GDP per capita, long-run history · 50,690 +1,431 (+2.9%)
GDP · 462,526,660,468.39 +38,001,938,431 (+9.0%)
GDP, PPP · 500,071,455,652 +16,306,871,739 (+3.4%)
GDP per capita, PPP · 83,218 +2,280 (+2.8%)
GDP per capita growth · 2.4% -0.58 (-19.6%)
GNI per capita · 77,190 +4,650 (+6.4%)
Agriculture to GDP · 1.2% +0.24 (+26.0%)
Industry to GDP · 24.8% +0.70 (+2.9%)
Manufacturing to GDP · 18.7% +0.88 (+4.9%)
Services to GDP · 62.7% -0.89 (-1.4%)
Household consumption to GDP · 43.6% +0.06 (+0.1%)
Gross capital formation to GDP · 22.1% -1.08 (-4.7%)
Gross savings to GDP · 34.7% -0.75 (-2.1%)

Labour

Labour — Denmark
Indicator Value Change
Unemployment rate · 5.5% +0.17 (+3.2%)
Unemployment rate (monthly) · 6.8% +1.00 (+17.2%)
Labour force participation rate · 64.9% -0.11 (-0.2%)
Female labour force participation rate · 60.8% -0.11 (-0.2%)
Youth unemployment rate · 11.7% -0.05 (-0.4%)
Employment to population ratio · 61.3% -0.22 (-0.3%)
Employment in agriculture · 1.6% -0.05 (-2.8%)
Employment in industry · 18.8% -0.20 (-1.0%)
Employment in services · 79.6% +0.24 (+0.3%)

Money

Money — Denmark
Indicator Value Change
Central bank policy rate · 2.1% +0.25 (+13.5%)
Real effective exchange rate (monthly) · 95.9 -0.45 (-0.5%)
Nominal effective exchange rate (monthly) · 105.2 +0.03 (+0.0%)
Private sector credit to GDP (quarterly) · 219.1% -1.33 (-0.6%)
Credit-to-GDP gap (quarterly) · -20.56 pp +0.09 (+0.4%)
Debt service ratio, private sector (quarterly) · 23.1% -0.60 (-2.5%)
Debt service ratio, households (quarterly) · 11.9% +0.00 (+0.0%)
Debt service ratio, non-financial corporations (quarterly) · 42.1% -0.90 (-2.1%)
10-year government bond yield (monthly) · 3.3% +0.28 (+9.2%)
Broad money to GDP · 62.6% -2.18 (-3.4%)
Private sector credit to GDP · 144.1% -3.42 (-2.3%)
Stock market capitalization to GDP · 60.1% +4.37 (+7.9%)
Bank nonperforming loans · 1.5% -0.13 (-7.9%)
Official exchange rate · 6.62 -0.27 (-4.0%)

Trade

Trade — Denmark
Indicator Value Change
Current account to GDP · 12.6% +1.14 (+9.9%)
Exports to GDP · 70.1% -0.88 (-1.2%)
Imports to GDP · 59.1% -1.66 (-2.7%)
Trade to GDP · 129.2% -2.54 (-1.9%)
Exports of goods and services · 324,310,154,069.94 +22,889,054,874 (+7.6%)
Imports of goods and services · 273,377,454,737.71 +15,423,422,444 (+6.0%)
Trade balance, goods and services (annual) · 51,312,148,476.44 +9,689,143,124 (+23.3%)
Current account balance (annual) · 58,269,629,259.15 +9,618,136,315 (+19.8%)
Foreign direct investment to GDP · 3.7% -1.61 (-30.6%)
Remittances received to GDP · 0.4% -0.02 (-4.0%)
Total reserves, including gold · 127,756,364,612.3 +19,351,263,730 (+17.9%)
Reserves in months of imports · 4.9 +0.52 (+11.9%)

Government

Government — Denmark
Indicator Value Change
Government debt to GDP · 75.3% -2.95 (-3.8%)
Government debt to GDP (quarterly) · 27.1% +0.30 (+1.1%)
Government revenue to GDP · 38.3% +1.00 (+2.7%)
Government expense to GDP · 33.3% +1.17 (+3.6%)
Tax revenue to GDP · 33.4% +1.39 (+4.3%)
Government budget balance to GDP · 4.2% +0.93 (+28.4%)
Government consumption to GDP · 23.2% +0.25 (+1.1%)
Education spending to GDP · 6.4% -0.60 (-8.7%)
Health spending to GDP · 9.4% -0.17 (-1.8%)

Demography

Demography — Denmark
Indicator Value Change
Population · 6,009,169 +32,177 (+0.5%)
Population, long-run history · 5,907 +52.01 (+0.9%)
Population growth · 0.5% +0.03 (+6.6%)
Life expectancy · 82.3 +0.50 (+0.6%)
Fertility rate · 1.47 -0.03 (-2.0%)
Birth rate · 9.5 -0.20 (-2.1%)
Death rate · 9.5 -0.30 (-3.1%)
Urban population share · 88.8% +0.15 (+0.2%)
Population aged 65 and over · 21.1% +0.25 (+1.2%)
Under-five mortality rate · 4.0 +0.10 (+2.6%)
Population density · 149.4 +0.75 (+0.5%)
Net migration · 22,103 -3,536 (-13.8%)
Gini index · 29.9 +0.60 (+2.0%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Denmark; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.