household debts in Denmark

Gross debt in Denmark

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Denmark in the period from 1998 to 2022 was between 80.1 billion and 159.3 billion USD. The hightest level within the past 24 years was reached in 2011. However, the liabilities in 2022 have been only 119 billion USD In the same year, a budget surplus of around 13.2 billion USD was achieved.

Based on the number of inhabitants, this is a debt of 20,349 USD per person. For comparison, the average debt per person in the same year in the European Union was 31,253 USD.

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Gross debt of the last 24 years in billion USD

YearDenmark totalDenmark per capitaEU per capita
1998105.61 bn USD19,911 USD14,079 USD
199999.75 bn USD18,744 USD14,032 USD
200085.97 bn USD16,101 USD11,241 USD
200180.12 bn USD14,952 USD11,263 USD
200288.11 bn USD16,389 USD12,266 USD
2003100.75 bn USD18,689 USD15,295 USD
2004111.20 bn USD20,575 USD17,606 USD
200598.95 bn USD18,258 USD18,337 USD
200689.38 bn USD16,438 USD18,887 USD
200787.38 bn USD15,999 USD20,910 USD
2008118.47 bn USD21,565 USD24,100 USD
2009129.70 bn USD23,483 USD25,376 USD
2010137.17 bn USD24,726 USD26,515 USD
2011159.32 bn USD28,600 USD29,254 USD
2012146.50 bn USD26,200 USD28,198 USD
2013151.33 bn USD26,951 USD30,008 USD
2014156.50 bn USD27,731 USD30,677 USD
2015120.42 bn USD21,187 USD25,944 USD
2016116.72 bn USD20,378 USD26,287 USD
2017119.44 bn USD20,718 USD27,108 USD
2018121.17 bn USD20,914 USD28,543 USD
2019116.64 bn USD20,060 USD27,264 USD
2020150.64 bn USD25,832 USD30,919 USD
2021146.13 bn USD24,951 USD33,827 USD
2022119.18 bn USD20,349 USD31,253 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Denmark       European Union

Budget deficit in Denmark

household debts in DenmarkThe budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurance, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money than at at the beginning, it is a surplus. If it is less, it is called a deficit.

The budget balance in Denmark in the period between 1998 and 2022 varied between -11.42 billion euros and +16.06 billion euros. In 2022, Denmark reached a balance of 13.16 billion euros.

In ratio to population, this equals a surplus of 2,247 euros per capita in Denmark. For comparison, the average debt per capita in the European Union in the same year was 1,254 euros.

Budget deficit and surplus in the last 24 years

YearDenmark totalDenmark per capitaEU per capita
19980.09 bn USD16 USD-398 USD
19992.59 bn USD487 USD-204 USD
20003.63 bn USD680 USD112 USD
20012.39 bn USD446 USD-299 USD
20020.65 bn USD120 USD-565 USD
20030.21 bn USD38 USD-840 USD
20045.22 bn USD966 USD-920 USD
200513.12 bn USD2,421 USD-822 USD
200614.12 bn USD2,597 USD-568 USD
200716.06 bn USD2,940 USD-360 USD
200811.28 bn USD2,053 USD-1,085 USD
2009-9.03 bn USD-1,634 USD-2,021 USD
2010-8.74 bn USD-1,575 USD-1,970 USD
2011-7.09 bn USD-1,273 USD-1,463 USD
2012-11.42 bn USD-2,042 USD-1,220 USD
2013-4.25 bn USD-756 USD-1,027 USD
20144.04 bn USD716 USD-851 USD
2015-3.54 bn USD-622 USD-574 USD
20160.41 bn USD72 USD-421 USD
20175.95 bn USD1,032 USD-263 USD
20182.72 bn USD469 USD-134 USD
201914.32 bn USD2,462 USD-191 USD
20200.77 bn USD131 USD-2,317 USD
202114.47 bn USD2,471 USD-1,852 USD
202213.16 bn USD2,247 USD-1,254 USD

(negative numbers = deficit)
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