Economy of Denmark
Population: 5.80 M (2018)
GDP per Capita: 61,350 USD (2018)
355,680 M.

GDP USD

(2018)

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197,900 M.

EXPORTS USD

(2018)

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176,400 M.

IMPORTS USD

(2018)

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33.20 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.39 % (2018)
GDP of 2010 USD USD 370.30 B. (2018)
GDP Current USD USD 355.68 B. (2018)
GDP per Capita Current USD USD 61,350 (2018)
GDP per capita, PPP USD 48,419 (2018)
GDP per Capita, 2010 USD USD 63,873 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 24.35 % (2018)
Government Spending USD 86.59 B. (2018)
Government Debt % GDP 33.20 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 127.59 (2018)
Trade Openness 105.24 % (2018)
Exports of Goods and Services % GDP 55.64 % (2018)
Exports Goods & Services USD 197.90 B. (2018)
Exports Annual Growth 2.39 % (2018)
Imports as % GDP 49.59 % (2018)
Total Imports USD 176.40 B. (2018)
Foreign Direct Investment % GDP 0.33 % (2018)
Foreign Direct Investment USD 5.39 B. (2018)
Current Account Balance % GDP USD 6.97 % (2018)
Current Account Balance USD 24.78 B. (2018)
Trade Balance % GDP 6.05 % (2018)
Trade Balance USD 21.39 B. (2018)
Foreign Exchange Reserves incl Gold USD 70.94 B. (2018)
Remittances % GDP 0.38 % (2018)
Remittances 0.38 % (2018)
Balance of Payments USD 11,643 M. (2004)

Labor Market

Indicator Value
Labor Force 3.01 M. (2019)
Unemployment Rate 4.83 % (2019)
Unemployment Rate Females 5.19 % (2019)
Unemployment Rate Males 4.66 % (2019)
Youth Unemployment (ages 15-24) 9.04 % (2019)
Labor Force Participation Rate 61.87 % (2019)
Labor Force (Percent Female) 47.37 % (2019)
Female Labor Force Participation Rate 57.99 % (2019)
Male Labor Force Participation Rate 65.85 % (2019)
Dependent People 56.91 % (2018)

Agriculture Sector

Indicator Value
Forest Area 14.70 % (2016)
Forest Area km² 6,172 km² (2016)
Agricultural Land 62.01 % (2016)
Agricultural Land km² 26,040 km² (2016)
Employment 2.17 % (2019)
Value added % GDP 1.02 % (2018)
Agriculture Value added USD 3.65 B. (2018)
Crop Production Index 103.80 (2016)
Precipitation 703 mm (2014)
Arable Land 57 % (2016)
Cereal Yield 6,917 kg/hectare (2017)
Food production index 103 (2016)
Rural Population 12 % (2018)
Fertilizer use of Arable Land 131 kg/hectare (2016)
Livestock Production Index 100 (2016)
Economy of Denmark

According to the World Bank and its latest published data, the economy of the Denmark presents a growth rate of 2.39 % (2018) to the previous year.

With a population that reaches 5.80 M (2018) and a gross domestic product of USD 355.68 B. (2018), it translates a Gross Domestic Product per Capita of USD 61,350 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Denmark also has a workforce of 3.01 M. (2019) with an unemployment rate of 4.83 % (2019), where women represent 5.19 % (2019) and men 4.66 % (2019), the unemployment rate for young people between 15-24 years old stood at 9.04 % (2019). The total number of dependent people stands at 56.91 % (2018).

The central government spent 24.35 % (2018) of its gross domestic product that year, which in absolute terms is USD 86.59 B. (2018). Its consolidated public debt reached 33.20 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Denmark exported USD 197.90 B. (2018), which represents 55.64 % (2018) of its gross domestic product, in that same sense its imports reached USD 176.40 B. (2018) with a direct foreign investment of USD 5.39 B. (2018).

Denmark has a forest area of 6,172 km² (2016), which represents 14.70 % (2016) of its total area, an average rainfall of 703 mm (2014) per year and a population of 12 % (2018) living in rural areas. With a total area of 26,040 km² (2016) available for agriculture and 2.17 % (2019) of its employments, the agricultural sector contributes to the economy of the Denmark about USD 3.65 B. (2018) (1.02 % (2018) of its GDP).