Markets Actual Q3 Q4 Q1 Q2 2020
Currency 6.72 6.78 6.81 6.85 6.88 6.95
Stock Market (points) 1021.66 988 976 963 951 927
Government Bond 10Y (%) -0.64 0.04 0.08 0.12 0.17 0.21
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.80 0.3 0.3 0.4 0.5 0.4
GDP Annual Growth Rate (%) 1.90 1.6 1.3 1.5 1.6 1.8
Unemployment Rate (%) 3.80 4.1 4.2 4.4 4.6 4.5
Inflation Rate (%) 0.40 1.3 1.2 1.5 1.2 1.4
Interest Rate (%) -0.65 -0.65 -0.5 -0.25 -0.05 0.25
Balance of Trade (DKK Million) 7175.00 6600 1700 2800 8400 800
Current Account (DKK Million) 16943.00 10200 12000 8000 17000 11000
Current Account to GDP (%) 6.10 5.8 5.8 5.3 5.3 5.3
Government Debt to GDP (%) 34.10 33 33 32.4 32.4 32.4
Government Budget (% of GDP) 0.50 0.4 0.4 -0.2 -0.2 -0.2
Business Confidence (Index Points) -7.00 -6 -7 -4 -2 -4
Consumer Confidence (Index Points) 2.90 3.2 2.1 1 -2 -3
Retail Sales MoM (%) 0.50 0.4 0.1 0.2 0.1 0.2
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.80 55.8 55.8 55 55 55
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.80 0.3 0.3 0.4 0.5 0.4
GDP Annual Growth Rate (%) 1.90 1.6 1.3 1.5 1.6 1.8
GDP (USD Billion) 351.30 352 352 365 365 365
GDP Constant Prices (DKK Million) 519296.00 512941 524157 523642 527085 533592
Gross National Product (DKK Million) 532806.00 527555 538152 537622 537622 547839
Gross Fixed Capital Formation (DKK Million) 109815.00 107596 108837 108730 108730 110796
GDP per capita (USD) 62888.70 62500 62500 64700 64700 64700
GDP per capita PPP (USD) 47672.96 48000 48000 48350 48350 48350
GDP From Agriculture (DKK Million) 4994.00 5369 5713 5707 5069 5816
GDP From Construction (DKK Million) 23898.00 25405 26535 26509 24256 27012
GDP From Manufacturing (DKK Million) 64356.00 61745 65707 65642 65321 66889
GDP From Mining (DKK Million) 5639.00 5915 6310 6304 5724 6424
GDP From Public Administration (DKK Million) 99538.00 98473 99641 99543 101031 101435
GDP From Transport (DKK Million) 84885.00 89075 94125 94033 94033 95820
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 3.80 4.1 4.2 4.4 4.6 4.5
Wages (DKK/Month) 40953.70 42171 41800 41800 41800 42200
Wages in Manufacturing (Index Points) 140.90 145 150 150 150 155
Population (Million) 5.78 5.82 5.82 5.88 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 Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.40 1.3 1.2 1.5 1.2 1.4
Consumer Price Index CPI (Index Points) 103.50 105 105 105 104 107
Core Consumer Prices (Index Points) 103.70 103 103 104 104 104
Producer Prices (Index Points) 103.00 112 112 105 104 113
Food Inflation (%) 2.20 2.2 2 1.8 1.7 2.1
Producer Prices Change (%) -1.00 0.9 1.5 1.6 1.5 1.4
CPI Transportation (Index Points) 104.50 105 104 104 104 106
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) -0.65 -0.65 -0.5 -0.25 -0.05 0.25
Interbank Rate (%) -0.44 -0.32 -0.17 0.08 0.08 0.38
Foreign Exchange Reserves (DKK Million) 448100.00 452360 457360 460360 462500 463360
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (DKK Million) 7175.00 6600 1700 2800 8400 800
Current Account (DKK Million) 16943.00 10200 12000 8000 17000 11000
Current Account to GDP (%) 6.10 5.8 5.8 5.3 5.3 5.3
Imports (DKK Million) 50713.50 51800 49500 54200 54800 53200
Exports (DKK Million) 57888.50 58400 51200 51200 63200 54000
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 34.10 33 33 32.4 32.4 32.4
Government Budget (% of GDP) 0.50 0.4 0.4 -0.2 -0.2 -0.2
Government Spending (DKK Million) 130445.00 130273 133009 132878 132878 135403
Government Spending to GDP (%) 51.40 51 51 51.2 51.2 51.2
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.80 55.8 55.8 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) -7.00 -6 -7 -4 -2 -4
Industrial Production (%) -0.50 2.8 0.5 3.3 4.2 4.8
Industrial Production Mom (%) -5.90 -1.6 0.7 0.1 0.9 0.8
Manufacturing Pmi 49.50 54.5 54 54.3 54.7 55
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 2.90 3.2 2.1 1 -2 -3
Retail Sales MoM (%) 0.50 0.4 0.1 0.2 0.1 0.2
Retail Sales YoY (%) -1.10 2.5 0.9 1.1 0.6 0.8
Consumer Spending (DKK Million) 234021.00 233937 236831 236598 236598 241094
Gasoline Prices (USD/Liter) 1.89 1.87 1.82 1.78 1.73 1.73


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.