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 (2018): Germany, Sweden, and Netherlands
Top 3 Exported Goods (2018): Industrial Machinery, Pharmaceuticals, and Electrical Machinery

Top Industries Source: CIA World Factbook

Iron; Steel; Nonferrous Metals; Chemicals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $319,468,472,833 (2018)
GDP Growth Rate (annual %) 1.49% (2018)
GDP Per Capita, PPP (current international) $55,105 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 55/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 0.814% (2018)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 23.8% (2019)
Real Interest Rate (5 year average %) 4.643% (2002)
Manufacturing, value added (% of GDP) 12.606% (2018)
Current Account Balance (BoP, current US$) $19,977,100,221 (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 3,009,405 (2019)
Employment in Agriculture (% of total employment) 2.167% (2019)
Employment in Industry (% of total employment) 18.463% (2019)
Employment in Services (% of total employment) 79.371% (2019)
Unemployment Rate 4.831% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $174,400,551,673 (2018)
Exports of goods and services (current US$) $191,868,431,165 (2018)
Total Merchandise Trade (% of GDP) 59.985% (2018)
FDI, net inflows (BoP, current US$) $5,390,959,073 (2018)
Commercial Service Exports (current US$) $69,516,525,026 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank