Denmark: Economy

Economic Trivia

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.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): Germany, Sweden, and Norway
Top 3 Exported Goods (2014): Industrial Machinery, Electrical Machinery, and Items nesoi

Top Industries Source: CIA World Factbook

Iron; Steel; Nonferrous Metals; Chemicals

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $256,758,954,336 (2014)
GDP Growth Rate (annual %) 1.088% (2014)
GDP Per Capita, PPP (current international) $45,537 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 56/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 0.565% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 24.5% (2015)
Real Interest Rate (5 year average %) 4.643% (2002)
Manufacturing, value added (% of GDP) 13.856% (2014)
Current Account Balance (BoP, current US$) $21,421,473,417 (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 2,917,925 (2014)
Employment in Agriculture (% of total employment) 2.3% (2014)
Employment in Industry (% of total employment) 19.3% (2014)
Employment in Services (% of total employment) 78% (2014)
Unemployment Rate 6.6% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $165,407,663,891 (2014)
Exports of goods and services (current US$) $183,709,955,219 (2014)
Total Merchandise Trade (% of GDP) 61.447% (2014)
FDI, net inflows (BoP, current US$) ($677,385,204) (2014)
Commercial Service Exports (current US$) $72,174,792,798 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Denmark’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary