Markets Actual Q2 Q3 Q4 Q1 2020
Currency 6.56 6.72 6.76 6.79 6.83 6.9
Stock Market (points) 1005.30 959 948 936 925 902
Government Bond 10Y (%) -0.23 0.01 0.02 0.03 0.05 0.05
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.20 0.4 0.3 0.3 0.4 0.4
GDP Annual Growth Rate (%) 2.20 1.7 1.6 1.3 1.5 1.8
Unemployment Rate (%) 3.70 3.9 4.1 4.2 4.4 4.5
Inflation Rate (%) 0.70 0.7 1.3 1.2 1.5 1.4
Interest Rate (%) -0.65 -0.65 -0.65 -0.5 -0.25 0.25
Balance of Trade (DKK Million) 7826.90 7400 6600 1700 2800 800
Current Account (DKK Million) 15123.00 16400 10200 12000 8000 11000
Current Account to GDP (%) 6.10 5.8 5.8 5.8 5.3 5.3
Government Debt to GDP (%) 34.10 33 33 33 32.4 32.4
Government Budget (% of GDP) 0.50 0.4 0.4 0.4 -0.2 -0.2
Business Confidence (Index Points) -2.00 -3 -6 -7 -4 -4
Consumer Confidence (Index Points) 5.80 5.8 3.2 2.1 1 -3
Retail Sales MoM (%) -0.30 0.2 0.4 0.1 0.2 0.2
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.80 55.8 55.8 55.8 55 55
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.20 0.4 0.3 0.3 0.4 0.4
GDP Annual Growth Rate (%) 2.20 1.7 1.6 1.3 1.5 1.8
GDP (USD Billion) 324.87 340 340 340 360 360
GDP Constant Prices (DKK Million) 519296.00 514018 516122 524761 527085 534207
Gross National Product (DKK Million) 532806.00 516966 527555 536563 537622 546221
Gross Fixed Capital Formation (DKK Million) 109815.00 122110 107596 108516 108730 110469
GDP per capita (USD) 61582.17 63200 63200 63200 64700 64700
GDP per capita PPP (USD) 46682.51 47000 47000 47000 47350 47350
GDP From Agriculture (DKK Million) 4994.00 5830 5378 5587 5069 5687
GDP From Construction (DKK Million) 23898.00 26853 25745 27608 24256 28105
GDP From Manufacturing (DKK Million) 64356.00 64298 62445 66642 65321 67842
GDP From Mining (DKK Million) 5639.00 6058 5914 6297 5724 6410
GDP From Public Administration (DKK Million) 99538.00 100964 98703 99334 101031 101122
GDP From Transport (DKK Million) 84885.00 90024 89075 93847 94033 95537
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 3.70 3.9 4.1 4.2 4.4 4.5
Wages (DKK/Month) 40953.70 42171 42371 41800 41800 42200
Wages in Manufacturing (Index Points) 140.90 145 144 150 150 155
Population (Million) 5.78 5.82 5.82 5.82 5.88 5.88
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 0.70 0.7 1.3 1.2 1.5 1.4
Consumer Price Index CPI (Index Points) 103.10 103 104 104 104 105
Core Consumer Prices (Index Points) 103.20 103 103 103 104 104
Producer Prices (Index Points) 102.60 113 112 112 105 113
Food Inflation (%) 1.30 1.5 2.2 2 1.8 2.1
Producer Prices Change (%) 0.10 1.3 1.1 1.8 1.6 1.4
CPI Transportation (Index Points) 104.20 104 104 103 104 104
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) -0.65 -0.65 -0.65 -0.5 -0.25 0.25
Interbank Rate (%) -0.37 -0.32 -0.32 -0.17 0.08 0.38
Foreign Exchange Reserves (DKK Million) 451700.00 467361 467360 467360 467360 467360
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (DKK Million) 7826.90 7400 6600 1700 2800 800
Current Account (DKK Million) 15123.00 16400 10200 12000 8000 11000
Current Account to GDP (%) 6.10 5.8 5.8 5.8 5.3 5.3
Imports (DKK Million) 50349.60 54100 51800 49500 54200 53200
Exports (DKK Million) 58176.50 61500 58400 51200 57000 54000
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 34.10 33 33 33 32.4 32.4
Government Budget (% of GDP) 0.50 0.4 0.4 0.4 -0.2 -0.2
Government Spending (DKK Million) 130445.00 131026 130273 132616 132878 135003
Government Spending to GDP (%) 51.40 51 51 51 51.2 51.2
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.80 55.8 55.8 55.8 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) -2.00 -3 -6 -7 -4 -4
Industrial Production (%) 3.80 3.1 2.8 0.5 3.3 4.8
Industrial Production Mom (%) 0.00 0.7 -1.6 0.7 0.1 0.8
Manufacturing Pmi 47.64 55.1 54.5 54 54.3 55
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 5.80 5.8 3.2 2.1 1 -3
Retail Sales MoM (%) -0.30 0.2 0.4 0.1 0.2 0.2
Retail Sales YoY (%) -0.60 0.1 2.5 0.9 1.1 0.8
Consumer Spending (DKK Million) 234021.00 233332 233937 236131 236598 240382
Gasoline Prices (USD/Liter) 1.97 1.75 1.71 1.67 1.62 1.63


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.