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Denmark

Includes historical data for Denmark’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

A Business-Friendly Environment

Denmark is a high-income society equipped with world-class infrastructure, a skilled labor force, and a robust social welfare system that ensures minimal income inequality and promotes social cohesion. Committed to liberal trade and investment policies, this country of approximately 6 million people also benefits from exceptional political, economic, and regulatory stability. Competitive corporate tax rates and other incentives attract significant foreign direct investment (FDI). A leader in the pharmaceuticals, maritime shipping, agriculture, and renewable energy sectors, Denmark also benefits from its strategic geographical position between Northern and Western Europe, and is a gateway between the Atlantic Ocean and the Baltic Sea. A member of the EU, Denmark is not part of the eurozone, although its currency is pegged to the euro.

Amidst these strengths, Denmark faces challenges, including its over-reliance on foreign trade, heavy tax burdens, and soaring household debt.

Macroeconomy & Sovereign Data

Type of Government Parliamentary constitutional monarchy
Capital Copenhagen
Sovereign Ratings S&P: AAA
Moody’s: Aaa
Fitch: AAA
Total Population 6.0 million
Median Age 41.3
Adult Per Capita Income (PPP) 81,198.78
Total GDP (2023) 500.0 billion

Denmark GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 125.3 billion (2023)
Leading Exports Packaged Medicines
Pork
Refined Petroleum
Electric Generators
Cheese
Total Imports USD 127.3 billion (2022)
Leading Imports Cars
Packaged Medicines
Refined Petroleum
Crude Petroleum
Broadcasting Equipment
Computers
Source: World Integrated Trade Solution

Denmark Leading Companies

Danske Bank  Financials
Jyske Bank  Financials
Møller-Maersk  Industrials, Transportation & Logistics
Orsted  Electric Utilities
Novo Nordisk  Pharmaceuticals
Vestas Wind Systems  Industrial Machinery & Equipment
Carlsberg  Consumer Staples, Beverages

Major Trade Partners — Import

Germany 21%
Sweden 13%
Netherlands 8%
China 8%
Poland 4%

Source: World Integrated Trade Solution

Major Trade Partners — Export

Unspecified 18%
Germany 13%
Sweden 9%
Norway 6%
United Kingdom 5%

Source: World Integrated Trade Solution


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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