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 (2017): Germany, Sweden, and United Kingdom
Top 3 Exported Goods (2017): 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) $296,350,723,354 (2017)
GDP Growth Rate (annual %) 2.24% (2017)
GDP Per Capita, PPP (current international) $51,364 (2017)
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GDP Country Rank 58/195 (2017)

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 %) 1.147% (2017)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 24.2% (2017)
Real Interest Rate (5 year average %) 4.643% (2002)
Manufacturing, value added (% of GDP) 12.807% (2017)
Current Account Balance (BoP, current US$) $25,798,450,510 (2017)
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Labor and Employment [1]

Labor Force, Total 3,042,143 (2017)
Employment in Agriculture (% of total employment) 2.584% (2017)
Employment in Industry (% of total employment) 18.79% (2017)
Employment in Services (% of total employment) 78.625% (2017)
Unemployment Rate 5.74% (2017)
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Trade [1]

Imports of goods and services (current US$) $156,432,025,653 (2017)
Exports of goods and services (current US$) $179,362,124,524 (2017)
Total Merchandise Trade (% of GDP) 60.161% (2017)
FDI, net inflows (BoP, current US$) ($2,266,366,825) (2017)
Commercial Service Exports (current US$) $65,899,630,297 (2017)
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