Nordic Companies Hurting Despite Aid
Despite the $30 billion in crisis support packages being provided by governments to help keep businesses viable and protect manufacturing output, COVID-19 has left leading top Nordic corporations hurting.
Denmark GDP and Economic Data
Includes Denmark real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Denmark economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Denmark best banks and safest banks are also available.
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Central bank
National Bank of Denmark (Danmarks Nationalbank)
International Reserves
USD 70.9 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product - GDP
USD 350.9 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 301.3 billion (2018, estimate)
Real GDP growth
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 0.9% | -0.5% | -4.9% | 1.9% | 1.3% | 0.2% | 0.9% |
| 2014 | 2015 | 2016 | 2017 | 2018* | ||
| 1.6% | 2.3% | 2.4% | 2.3% | 1.2% |
*Estimate
GDP per capita - current prices
USD 60,692.4 (2018, estimate)
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2019* |
| 0.46% | 0.41% | 0.36% | 0.26% | 0.22% |
*Estimate
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GDP - composition by sector
- agriculture: 0.9%
- industry: 20.7%
- services: 65.1%
(2018 estimate)
Gross domestic expenditure on R&D; (% of GDP)
3.1% (2017)
OECD, data retrieved October 2019
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 0.2% | 0% | 1.1% | 0.7% | 1.3% |
*Estimate
Unemployment rate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 6.2% | 6.2% | 5.7% | 5% | 5% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 39.8% | 37.2% | 35.5% | 34.3% | 33% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -1.3% | -0.1% | 1.5% | 0.5% | 0.2% |
*Estimate
Government bond ratings
Standard & Poor's: AAA
Moody': Aaa
Standard & Poor's / Moody's
Source
Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| N/A | N/A | NA |
Largest companies
Møller-Maersk, Danske Bank, Novo Nordisk, Orsted, Carlsberg, Vestas Wind Systems, DSV, Coloplast, Jyske Bank, Novozymes, H Lundbeck, ISS, Drilling Company of 1972
Source
Source
Current account balance by percentage of GDP
6.6% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
5.7 % (2018 estimate)
Shares in world total merchandising export
0.56% (2018)
Shares in world total commercial services export
1.20% (2018)
Export commodities
Wind turbines, pharmaceuticals, machinery and instruments, meat and meat products, dairy products, fish, furniture and design
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Import commodities
Machinery and equipment, raw materials and semimanufactures for industry, chemicals, grain and foodstuffs, consumer goods
Exports - major partners
Germany 15.5%, Sweden 11.6%, UK 8.2%, US 7.5%, Norway 6%, China 4.4%, Netherlands 4.4% (2017)
Imports - major partners
Germany 21.3%, Sweden 11.9%, Netherlands 7.8%, China 7.1%, Norway 6.3%, Poland 4% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD 38 million | USD 3,447 million | USD 1,789 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 9,881 million | USD 8,896 million | USD -3,690 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| USD 1,838 million | USD 1,330 million | USD 5,001 million | USD 2,427 million |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
4 out of 190 countries
Subcategories:
Starting a Business: 45 out of 190 countries
Dealing with Construction Permits: 4 out of 190 countries
Getting Electricity: 21 out of 190 countries
Registering Property: 11 out of 190 countries
Getting Credit: 48 out of 190 countries
Protecting Minority Investors: 28 out of 190 countries
Paying Taxes: 8 out of 190 countries
Trading across Borders: 1 out of 190 countries
Enforcing Contracts: 14 out of 190 countries
Resolving Insolvency: 6 out of 190 countries
Source
Global competitiveness ranking
10 out of 141 countries
(2019)
Index of Economic Freedom
Ranking: 14 / Score: 76.7 (Mostly free)
(100=totally free 0=totally repressed)
Source
Source
Languages
Danish, Faroese, Greenlandic (an Inuit dialect), German (small minority)
Religions
Evangelical Lutheran (official) 74.7%, Muslim 5.5%, other/none/unspecified (denominations of less than 1% each in descending order of size include Roman Catholic, Jehovah's Witness, Serbian Orthodox Christian, Jewish, Baptist, Buddhist, Mormon, Pentecosta
Total population
| 1990 | 2000 | 2010 | 2015 | 2020* |
| 5.14 million | 5.33 million | 5.54 million | 5.66 million | 5.84 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 73.7% | 83.7% | 85.1% | 87.9% |
% of population living on less than $3.10 a day
0.2% (last available estimate, 2015)
Inequality of wealth distribution (Gini index)
28.2 (last available estimate, 2015)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 19.7%
Mobile: 125.1%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)