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Indicators of economy in Denmark

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.906 US Dollar per capita. In contrast, the GDP in Denmark reached 61.063 US dollars per inhabitant, or 356.08 bn US Dollar in the whole country. Denmark is therefore currently ranked 34 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Denmark is in the list of the world's richest countries in place 13.

Inflation in Denmark was in 2020 at around 0.42%. For the the EU, the average of the same was year at 0.50%. In the United States, it was most recently 1.23%.

Compared with the USA, prices for daily consumer goods are around 17.3% higher.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Denmark

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Denmark in 2020 increased from 347.56 billion US Dollar to 356.08 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 2.5 percent increase has been rather unusual this year. While most countries have suffered significant losses, Denmark has certainly held its own. The unemployment rate rose from 5.0 to 5.7 percent. The country's gross debt increased by 29.1%. The inflation rate has fallen from 0.8 percent previously to 0.4 percent by the end of 2020.

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Denmark
Total
Denmark
per capita
EU
Total
EU
per capita
GDP356.08 bn USD61,063.32 USD15,292.10 tn USD29,692.44 USD
Gross national product367.41 bn USD63,006.09 USD15,330.18 tn USD29,766.38 USD


Denmark ranked 6th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 12 of the 2000 largest listed companies in the world originate from Denmark. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country were in 2021:

Rank 214: Møller-Maersk (Copenhagen)
Rank 260: Novo Nordisk (Bagsværd)
Rank 411: Danske Bank (Copenhagen)
Rank 524: Vestas Wind Systems (Aarhus)
Rank 544: Orsted (Fredericia)
Rank 626: DSV Panalpina (Hedehusene)
Rank 735: Carlsberg (Copenhagen)
Rank 1223: Coloplast (Humlebaek)
Rank 1300: Genmab (Copenhagen)
Rank 1658: Jyske Bank (Silkeborg)

Development of the Gross domestic product in billion US Dollar 1979 - 2020


Household debt and deficits 2020


 Denmark
Total
Denmark
per capita
EU
Total
EU
per capita
Gross debt150.56 bn USD25,818.20 USD13,783.28 tn USD26,762.78 USD
Budget deficit653.57 m USD112.08 USD1,053.73 bn USD2,046.02 USD


Im- and Exports 2020

 Denmark
Total
Denmark
per capita
EU
Total
EU
per capita
Imports170.33 bn USD29,209.04 USD7,314.16 bn USD14,201.79 USD
Exports191.53 bn USD32,845.17 USD7,834.94 bn USD15,212.97 USD


Development of imports and exports in billion US dollars 1979 - 2020

Exports
Imports



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