Markets Actual Q1 Q2 Q3 Q4 2021
Currency 6.89 6.76 6.78 6.81 6.84 6.89
Stock Market (points) 1251.95 1161 1147 1134 1121 1094
Government Bond 10Y (%) -0.43 0.04 0.09 0.14 0.2 0.32

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.30 0.4 0.5 0.4 0.4 0.4
GDP Annual Growth Rate (%) 2.30 1.5 1.3 1.4 1.7 1.6
Unemployment Rate (%) 3.70 4.2 4.2 4.3 4.4 5.1
Inflation Rate (%) 0.70 1.1 1.2 1.3 1.4 1.9
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.5
Balance of Trade (DKK Million) 4501.60 2800 8400 6800 800 3500
Current Account (DKK Million) 15114.00 8000 17000 13000 11000 9500
Current Account to GDP (%) 6.10 6.5 6.5 6.5 6.5 6.2
Government Debt to GDP (%) 34.10 32.4 32.4 32.4 32.4 31.7
Government Budget (% of GDP) 0.50 0.4 0.4 0.4 0.4 0.2
Business Confidence (points) -9.00 -4 -2 1 2 -1
Consumer Confidence (points) 3.30 1 -2 -2.3 -1.5 1
Retail Sales MoM (%) -0.50 0.2 0.1 0.3 0.2 0.2
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.80 55 55 55 55 55

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.30 0.4 0.5 0.4 0.4 0.4
GDP Annual Growth Rate (%) 2.30 1.5 1.3 1.4 1.7 1.6
GDP (USD Billion) 351.30 365 365 365 365 375
GDP Constant Prices (DKK Million) 533107.00 522180 526417 535597 542170 550845
Gross National Product (DKK Million) 549020.00 536408 542089 551584 558353 567287
Gross Fixed Capital Formation (DKK Million) 108654.00 112638 112262 109161 110501 112269
GDP per capita (USD) 62888.70 64400 64400 64400 64400 65200
GDP per capita PPP (USD) 47672.96 48350 48350 48350 48350 48500
GDP From Agriculture (DKK Million) 5249.00 5481 6180 5274 5338 5424
GDP From Construction (DKK Million) 24778.00 23963 26186 24894 25199 25602
GDP From Manufacturing (DKK Million) 69530.00 65191 70467 69855 70712 71843
GDP From Mining (DKK Million) 5276.00 5661 6218 5301 5366 5452
GDP From Public Administration (DKK Million) 96546.00 99999 99988 96997 98187 99758
GDP From Transport (DKK Million) 94830.00 85054 93961 95273 96442 97985

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 3.70 4.2 4.2 4.3 4.4 5.1
Wages (DKK/Month) 41735.60 43200 43200 43200 43200 44000
Wages in Manufacturing (points) 144.30 150 150 150 155 155
Population (Million) 5.78 5.84 5.84 5.84 5.84 5.87
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 0.70 1.1 1.2 1.3 1.4 1.9
Consumer Price Index CPI (points) 103.00 104 104 104 105 107
Harmonised Consumer Prices (points) 102.60 104 104 104 106 108
Core Consumer Prices (points) 103.10 104 104 104 104 106
Core Inflation Rate (%) 0.60 0.7 0.8 0.8 1.1 1.5
Producer Prices (points) 104.80 104 104 105 105 106
Food Inflation (%) 0.00 0.5 1.1 0.9 1.5 2.2
Producer Prices Change (%) 1.70 1.6 1.5 1.3 1.4 1.4
CPI Transportation (points) 103.90 104 105 104 104 106

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.5
Interbank Rate (%) -0.40 -0.4 -0.4 -0.4 -0.4 -0.4
Foreign Exchange Reserves (DKK Million) 426300.00 460360 462500 462550 463360 463360

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (DKK Million) 4501.60 2800 8400 6800 800 3500
Current Account (DKK Million) 15114.00 8000 17000 13000 11000 9500
Current Account to GDP (%) 6.10 6.5 6.5 6.5 6.5 6.2
Imports (DKK Million) 50452.20 54200 54800 53200 53200 53200
Exports (DKK Million) 54953.80 51200 63200 60000 54000 54000

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 34.10 32.4 32.4 32.4 32.4 31.7
Government Budget (% of GDP) 0.50 0.4 0.4 0.4 0.4 0.2
Government Budget Value (DKK Million) 17230.00 -104 -104 -104 -2033 -3320
Government Spending (DKK Million) 130299.00 131302 131407 130907 132514 134634
Government Spending to GDP (%) 51.40 51.2 51.2 51.2 51.2 51.1

Taxes Actual Q1 Q2 Q3 Q4 2021
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.80 55 55 55 55 55
Sales Tax Rate (%) 25.00 25 25 25 25 25
Social Security Rate (%) 8.00 8 8 8 8 8
Social Security Rate For Companies (%) 0.00 0 0 0 0 0
Social Security Rate For Employees (%) 8.00 8 8 8 8 8

Business Actual Q1 Q2 Q3 Q4 2021
Business Confidence (points) -9.00 -4 -2 1 2 -1
Industrial Production (%) -6.20 3.3 4.2 4.5 4.8 1.2
Industrial Production Mom (%) 7.40 0.1 0.9 -0.8 0.8 0.5
Manufacturing Pmi (points) 53.18 51.8 52 52.1 52.6 53.5

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) 3.30 1 -2 -2.3 -1.5 1
Retail Sales MoM (%) -0.50 0.2 0.1 0.3 0.2 0.2
Retail Sales YoY (%) -0.60 -1.2 0.5 0.7 0.8 0.6
Consumer Spending (DKK Million) 236468.00 234215 235120 237572 240488 244336
Disposable Personal Income (DKK Million) 1127877.48 1133517 1132761 1133145 1147051 1165404
Consumer Credit (DKK Billion) 467.77 487 484 481 477 485
Gasoline Prices (USD/Liter) 1.89 1.69 1.73 1.77 1.83 1.83


This page has economic forecasts for Denmark including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Denmark economy.