Denmark Economic Statistics and Indicators

20, Sep 2020, EDT. 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: 2015 › Change year
Number of Indicators Listed: 42
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 5,569,077 (July 2014 est.)
Area: total: 43,094 sq km ; land: 42,434 sq km ; water: 660 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 Greenland
Natural Resources: petroleum, natural gas, fish, salt, limestone, chalk, stone, gravel and sand
Capital: name: Copenhagen ; geographic coordinates: 55 40 N, 12 35 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October ; note: applies to continental Denmark only, not to its North Atlantic components

This thoroughly modern market economy features a high-tech agricultural sector, state-of-the-art industry with world-leading firms in pharmaceuticals, maritime shipping and renewable energy, and a high dependence on foreign trade. Denmark is a member of the European Union (EU); Danish legislation and regulations conform to EU standards on almost all issues. Danes enjoy a high standard of living and the Danish economy is characterized by extensive government welfare measures and an equitable distribution of income. Denmark is a net exporter of food and energy and enjoys a comfortable balance of payments surplus, but depends on imports of raw materials for the manufacturing sector. Within the EU, Denmark is among the strongest supporters of trade liberalization. After a long consumption-driven upswing, Denmark's economy began slowing in 2007 with the end of a housing boom. Housing prices dropped markedly in 2008-09 and, following a short respite in 2010, have since continued to decline. Household indebtedness is still relatively high at more than 275% of gross disposable income in the first half of 2013. The global financial crisis has exacerbated this cyclical slowdown through increased borrowing costs and lower export demand, consumer confidence, and investment. Denmark made a modest recovery in 2010, in part because of increased government spending; however, the country experienced a technical recession in late 2010-early 2011. Historically low levels of unemployment rose sharply with the recession and have remained at about 6% in 2010-13, based on the national measure, about two-thirds average EU unemployment. An impending decline in the ratio of workers to retirees will be a major long-term issue. Denmark maintained a healthy budget surplus for many years up to 2008, but the budget balance swung into deficit in 2009, where it remains. In spite of the deficits, the new coalition government delivered a modest stimulus to the economy in 2012. Nonetheless, Denmark's fiscal position remains among the strongest in the EU with public debt at about 46% of GDP in 2013. Despite previously meeting the criteria to join the European Economic and Monetary Union (EMU), so far Denmark has decided not to join, although the Danish krone remains pegged to the euro.
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GDP (Constant Prices, National Currency) for Denmark in year 2015 is DKK 1,857.80 Billion.

GDP Growth (Constant Prices, National Currency) for Denmark in year 2015 is 1.16 %.

GDP (Current Prices, National Currency) for Denmark in year 2015 is DKK 1,984.41 Billion.

GDP (Current Prices, US Dollars) for Denmark in year 2015 is US$ 294.951 Billion.

GDP Deflator for Denmark in year 2015 is 106.815 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Denmark in year 2015 is DKK 328,249.74 .

GDP Per Capita (Current Prices, National Currency) for Denmark in year 2015 is DKK 350,619.25 .

GDP Per Capita (Current Prices, US Dollars) for Denmark in year 2015 is US$ 52,114.17 .

Output Gap, Percent of Potential GDP for Denmark in year 2015 is -1.029 %.

GDP (PPP), US Dollars for Denmark in year 2015 is US$ 258.702 Billion.

GDP Per Capita (PPP), US Dollars for Denmark in year 2015 is US$ 45,709.42 .

GDP Share of World Total (PPP) for Denmark in year 2015 is 0.228 %.

Implied PPP Conversion Rate for Denmark in year 2015 is 7.671 .

Investment (% of GDP) for Denmark in year 2015 is 19.432 %.

Gross National Savings (% of GDP) for Denmark in year 2015 is 26.306 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Denmark in year 2015 is 100 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Denmark in year 2015 is 0.452 %.

Inflation, End of Year (Indexed to Year 2000) for Denmark in year 2015 is 131.6 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Denmark in year 2015 is 0.535 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Denmark in year 2015 is -1.264 %.

Import Volumes of Goods Only (Percent Change) for Denmark in year 2015 is 0.439 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Denmark in year 2015 is -0.882 %.

Export Volumes of Goods Only (Percent Change) for Denmark in year 2015 is 1.813 %.

Unemployment Rate (% of Labour Force) for Denmark in year 2015 is 6.175 %.

Employment for Denmark in year 2015 is 2.755 Million .

Population for Denmark in year 2015 is 5.66 Million .

General government revenue (National Currency) for Denmark in year 2015 is DKK 1,029.38 Billions.

General government revenue (% of GDP) for Denmark in year 2015 is 51.874 %.

General government total expenditure (National Currency) for Denmark in year 2015 is DKK 1,068.14 Billions.

General government total expenditure (% of GDP) for Denmark in year 2015 is 53.826 %.

Total Government Net Lending/ Borrowing (National Currency) for Denmark in year 2015 is DKK -38.751 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Denmark in year 2015 is -1.953 %.

General Government Structural Balance (National Currency) for Denmark in year 2015 is DKK -25.491 Billion.

General Government Structural Balance (% Potential GDP) for Denmark in year 2015 is -1.271 %.

Fiscal Year Gross Domestic Product, Current Prices for Denmark in year 2015 is DKK 1,984.41 Billions.

Current Account Balance (US Dollars) for Denmark in year 2015 is US$ 20.276 Billion.

Current Account Balance (% GDP) for Denmark in year 2015 is 6.874 %.