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. On the other hand 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 2020 was between 80.1 billion and 159.3 billion USD. The hightest level within the past 22 years was reached in 2011. However, the liabilities in 2020 have been only 151 billion USD The budget deficit in the same year was 653.6 million USD.

Based on the number of inhabitants, this is in Denmark a debt of 25,818 USD per person. For comparison: The average debt per person in the same year in the European Union was 30,780 USD.

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Gross debt of the last 22 years in billion USD

YearDenmark totalDenmark per capitaEU per capita
1998105.61 bn USD19,911 USD12,387 USD
199999.75 bn USD18,744 USD12,342 USD
200085.97 bn USD16,101 USD9,877 USD
200180.12 bn USD14,952 USD9,894 USD
200288.11 bn USD16,389 USD10,773 USD
2003100.75 bn USD18,689 USD13,433 USD
2004111.20 bn USD20,575 USD15,459 USD
200598.95 bn USD18,258 USD16,095 USD
200689.38 bn USD16,438 USD16,570 USD
200787.38 bn USD15,999 USD18,334 USD
2008118.47 bn USD21,565 USD21,119 USD
2009129.70 bn USD23,483 USD22,222 USD
2010137.17 bn USD24,726 USD26,496 USD
2011159.32 bn USD28,600 USD29,231 USD
2012146.50 bn USD26,200 USD28,064 USD
2013151.33 bn USD26,951 USD29,836 USD
2014156.50 bn USD27,731 USD30,512 USD
2015120.42 bn USD21,187 USD25,813 USD
2016116.72 bn USD20,378 USD26,165 USD
2017119.44 bn USD20,718 USD26,931 USD
2018121.17 bn USD20,914 USD28,362 USD
2019116.59 bn USD20,051 USD27,095 USD
2020150.56 bn USD25,818 USD30,780 USD

Comparison of the gross debt per capita with the European Union in Euro

      Denmark       European Union

Budget deficit in Denmark

The 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 insurances, 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 - it is less, it is called deficit.

The budget balance in Denmark in the period between 1998 and 2020 varied between -11.42 bn Euro and +16.06 bn Euro. In 2020 was reached a balance of -653.57 m Euro.

In ratio to population, this equals a new indebtedness of 112 Euro per capita in Denmark only in 2020. For comparison, the average debt per capita in the European Union was in the same year at 2,353 Euro.

Budget deficit and surplus in the last 22 years

YearDenmark totalDenmark per capitaEU per capita
19980.09 bn USD16 USD-350 USD
19992.59 bn USD487 USD-180 USD
20003.63 bn USD680 USD98 USD
20012.39 bn USD446 USD-263 USD
20020.65 bn USD120 USD-496 USD
20030.21 bn USD38 USD-738 USD
20045.22 bn USD966 USD-808 USD
200513.12 bn USD2,421 USD-722 USD
200614.12 bn USD2,597 USD-499 USD
200716.06 bn USD2,940 USD-315 USD
200811.28 bn USD2,053 USD-951 USD
2009-9.03 bn USD-1,634 USD-1,771 USD
2010-8.74 bn USD-1,575 USD-1,970 USD
2011-7.09 bn USD-1,273 USD-1,462 USD
2012-11.42 bn USD-2,042 USD-1,196 USD
2013-4.25 bn USD-756 USD-1,012 USD
20144.04 bn USD716 USD-846 USD
2015-3.54 bn USD-622 USD-573 USD
20160.41 bn USD72 USD-423 USD
20175.95 bn USD1,032 USD-261 USD
20182.72 bn USD469 USD-136 USD
201914.13 bn USD2,429 USD-192 USD
2020-0.65 bn USD-112 USD-2,353 USD

(negative numbers = deficit)
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