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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 2021 was at about 12.259 USD per capita. GDP in Denmark, on the other hand, reached USD 67.803 per capita, or 397.10 billion USD 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 12.
Inflation in Denmark was in 2021 at around 1.85%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 19.9% 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

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 5.6 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 - 2021

Economic performance 2021

 Denmark
Total
Denmark
per capita
EU
Total
EU
per capita
GDP397.10 bn USD67,803.05 USD17.09 tn USD33,228.68 USD
Gross national product398.88 bn USD68,106.62 USD16.78 tn USD32,621.03 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. 11 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 2022:
Rank 161: Møller-Maersk (Copenhagen)
Rank 285: Novo Nordisk (Bagsværd)
Rank 371: Danske Bank (Copenhagen)
Rank 479: DSV Panalpina (Hedehusene)
Rank 521: Orsted (Fredericia)
Rank 933: Vestas Wind Systems (Aarhus)
Rank 936: Carlsberg (Copenhagen)
Rank 1395: Coloplast (Humlebaek)
Rank 1669: Jyske Bank (Silkeborg)
Rank 1844: Chr. Hansen Holding (Hørsholm)

Development of the Gross domestic product in billion US Dollar 1970 - 2021


Household debt and deficits 2021


 Denmark
Total
Denmark
per capita
EU
Total
EU
per capita
Gross debt145.89 bn USD24,909.24 USD15.07 tn USD29,300.11 USD
Budget deficit-9.33 bn USD-1,593.09 USD799.24 bn USD1,554.11 USD

Please note: A negative budget deficit equivalents to a surplus


Im- and Exports 2021

 Denmark
Total
Denmark
per capita
EU
Total
EU
per capita
Imports207.12 bn USD35,365.15 USD8,916.24 bn USD17,337.55 USD
Exports233.80 bn USD39,920.25 USD9,554.34 bn USD18,578.33 USD

Development of imports and exports in billions of USD 1975 - 2021
Exports
Imports

Denmark: AirportsLargest airports and airlines in DenmarkThe 10 biggest airports and 3 airlines in Denmark with further information and data
Denmark: Public HolidaysPublic holidays in Denmark 2022-2026Statutory and inofficial holidays in Denmark for 2022 to 2026
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