21, Nov 2009, CST. Welcome to the Denmark economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Denmark › Change country
National or Regional Currency: Danish Krone, DKK
Year of data: 2008 › Change year
Number of Indicators Listed: 25
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 5,500,510 (July 2009 est.)
Area: total: 43,094 sq km land: 42,394 sq km water: 700 sq km note: includes the island of Bornholm in the Baltic Sea and the rest of metropolitan Denmark (the Jutland Peninsula, and the major islands of Sjaelland and Fyn), but excludes the Faroe Islands and Gr
Natural Resources: petroleum, natural gas, fish, salt, limestone, chalk, stone, gravel and sand
Government Type: Denmark government type
Government Ministers: Denmark ministers
Capital: Copenhagen
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

This thoapproximately modern open or free market economy features high-tech Agriculture, fisheries and farming, up-to-date small-scale and corporate industry, extensive government welfare measures, comfortable living standards, a stable currency, and high dependence on foreign trade (imports and exports). unemployment is depressed and capability constraints limit growth potential. Denmark is a net exporting country of food stuffs and energy and enjoys a comfortable balance of payments surplus. The government has been successful in meeting, and even exceeding, the economic convergence criteria for participating in the third phase (a common Europea Currency) of the European Economic and Monetary union (EMU), but so far Denmark has decided not to join 15 other European Union (EU) members in the euro. Nonetheless, the Danish krone remains pegged to the euro. Denmark's financial position is among the strongest in the European Union (EU). growth of the economy gained momentum in 2004 and the upturn perpetuated through 2006. After a long consumption-driven upswing, Denmark's economy began decreased in early 2007 with the end of a housing boom. This cyclical slump has been exacerbated by the global economic downturn through increased borrowing costs and reduced export demand, consumer confidence, and investment. The decreased world economy cut growth to 0.3 per cent in 2008. Because of high Gross Domestic Product (GDP) per capita, welfare benefits, a depressed Gini index, and political stability, the Danish living standards are among the highest internationally. A serious long-term issue will be the sharp decline in the ratio of workers to retirees.
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GDP (Constant Prices, National Currency) for Denmark in year 2008 is DKK 1,430.21 Billion. Real GDP is expressed in billions of national currency units; the base year is country-specific.

GDP Growth (Constant Prices, National Currency) for Denmark in year 2008 is -1.141 %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.

GDP (Current Prices, National Currency) for Denmark in year 2008 is DKK 1,739.72 Billion. GDP is expressed in billions of national currency units.

GDP (Current Prices, US Dollars) for Denmark in year 2008 is US$ 342.925 Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Deflator for Denmark in year 2008 is 121.641 (Index, Base Year as per country's accounts = 100). The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Please note: Data are expressed in the base year of each country's national accounts.

GDP Per Capita (Constant Prices, National Currency) for Denmark in year 2008 is DKK 261,187.29 . GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.

GDP Per Capita (Current Prices, National Currency) for Denmark in year 2008 is DKK 317,710.45 . GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.

GDP Per Capita (Current Prices, US Dollars) for Denmark in year 2008 is US$ 62,625.57 . GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

Output Gap, Percent of Potential GDP for Denmark in year 2008 is not available

GDP (PPP), US Dollars for Denmark in year 2008 is US$ 204.06 Billion. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Per Capita (PPP), US Dollars for Denmark in year 2008 is US$ 37,265.79 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

GDP Share of World Total (PPP) for Denmark in year 2008 is 0.304 %. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Implied PPP Conversion Rate for Denmark in year 2008 is 8.526 . These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. Please note: The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables. For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurem

Investment (% of GDP) for Denmark in year 2008 is not available

Gross National Savings (% of GDP) for Denmark in year 2008 is not available

Inflation, Average Consumer Prices (Indexed to Year 2000) for Denmark in year 2008 is 118.123 (Index, Base Year 2000 = 100). Data for inflation are averages for the year, not end-of-period data. The index is based on 2000=100.

Inflation (Average Consumer Price Change %) for Denmark in year 2008 is 3.399 %. Data for inflation are averages for the year, not end-of-period data.

Inflation, End of Year (Indexed to Year 2000) for Denmark in year 2008 is 117.626 (Index, Base Year 2000 = 100). Data for inflation are end of the period, not annual average data. The index is based on 2000=100.

Inflation (End of Year Change %) for Denmark in year 2008 is 2.922 %. Data for inflation are end of the period, not annual average data.

Six-month London Interbank Offered Rate (LIBOR) Change % for Denmark in year 2008 is not available

Unemployment Rate (% of Labour Force) for Denmark in year 2008 is 1.725 %.

Employment for Denmark in year 2008 is 2.738 Million .

Population for Denmark in year 2008 is 5.476 Million .

General Government Balance (National Currency) for Denmark in year 2008 is DKK 52.2 Billion. Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections.

General Government Balance (% of GDP) for Denmark in year 2008 is 3 %. Data are on a national income accounts basis. Please refer to Box A1 in the World Economic Outlook for a summary of the policy assumptions underlying the projections.

General Government Structural Balance (National Currency) for Denmark in year 2008 is DKK 34.044 Billion. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. Moreover, it is important to note that changes in structural budget balances are not necessarily attributable to policy changes but may reflect the built-in momentum of existing expenditure programs. In the period beyond that for which specific cons

General Government Structural Balance (% Potential GDP) for Denmark in year 2008 is 1.989 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. Moreover, it is important to note that changes in structural budget balances are not necessarily attributable to policy changes but may reflect the built-in momentum of existing expenditure programs. In the period beyond that for which specific cons

General Government Net Debt (National Currency) for Denmark in year 2008 is not available

General Government Net Debt (% GDP) for Denmark in year 2008 is not available

General Government Gross Debt (National Currency) for Denmark in year 2008 is not available

General Government Gross Debt (% GDP) for Denmark in year 2008 is not available

Current Account Balance (US Dollars) for Denmark in year 2008 is US$ 1.845 Billion. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.

Current Account Balance (% GDP) for Denmark in year 2008 is 0.538 %. Balance of payments data are based upon the methodology of the 5th edition of the International Monetary Fund's Balance of Payments Manual (1993). Data for the world total reflects errors, omissions, and asymmetries in balance of payments statistics on current account, as well as the exclusion of data for international organizations and a limited number of countries. Calculated as the sum of the balance of individual countries.