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 (2019): Germany, Sweden, and Netherlands
Top 3 Exported Goods (2019): Pharmaceuticals, Industrial Machinery, and Electrical Machinery

Top Industries Source: CIA World Factbook

Iron; Steel; Nonferrous Metals; Chemicals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $352,207,782,418 (2020)
GDP Growth Rate (annual %) -2.733% (2020)
GDP Per Capita, PPP (current international) $60,398 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 52/197 (2020)

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 %) 0.421% (2020)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 23.8% (2019)
Real Interest Rate (5 year average %) 4.643% (2002)
Manufacturing, value added (% of GDP) 13.447% (2020)
Current Account Balance (BoP, current US$) $26,022,796,380 (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 3,022,416 (2020)
Employment in Agriculture (% of total employment) 2.122% (2020)
Employment in Industry (% of total employment) 18.264% (2020)
Employment in Services (% of total employment) 79.614% (2020)
Unemployment Rate 5.66% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $169,981,834,922 (2020)
Exports of goods and services (current US$) $193,031,994,302 (2020)
Total Merchandise Trade (% of GDP) 57.676% (2020)
FDI, net inflows (BoP, current US$) ($7,499,269,283) (2019)
Commercial Service Exports (current US$) $72,356,929,139 (2020)
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


  1. The World Bank