Markets Actual Q2 Q3 Q4 Q1 2020
Currency 6.64 6.69 6.72 6.76 6.8 6.87
Stock Market (points) 1005.96 1004 992 980 967 943
Government Bond 10Y (%) 0.11 0.01 0.01 0.01 0.01 0.02
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.80 0.4 0.3 0.3 0.4 0.4
GDP Annual Growth Rate (%) 2.60 1.5 1.6 1.6 1.5 1.8
Unemployment Rate (%) 3.70 3.9 4.1 4.2 4.4 4.5
Inflation Rate (%) 1.20 0.9 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) 4480.80 7400 6600 1700 2800 800
Current Account (DKK Million) 11990.00 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 33.8 33.8 33.8 33.5 33.5
Government Budget (% of GDP) 0.50 -0.5 -0.5 -0.5 -0.4 -0.4
Business Confidence (Index Points) -5.00 -8 -6 -7 -4 -4
Consumer Confidence (Index Points) 3.80 1 -2 -1 -3 2
Retail Sales MoM (%) 0.20 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 (%) 0.80 0.4 0.3 0.3 0.4 0.4
GDP Annual Growth Rate (%) 2.60 1.5 1.6 1.6 1.5 1.8
GDP (USD Billion) 324.87 340 340 340 360 360
GDP Constant Prices (DKK Million) 515903.00 509344 512941 524157 523642 533592
Gross National Product (DKK Million) 529677.00 516621 527555 538152 537622 547839
Gross Fixed Capital Formation (DKK Million) 107123.00 122029 107596 108837 108730 110796
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) 5623.00 5825 5369 5713 5707 5816
GDP From Construction (DKK Million) 26117.00 25158 25405 26535 26509 27012
GDP From Manufacturing (DKK Million) 64672.00 63835 61745 65707 65642 66889
GDP From Mining (DKK Million) 6211.00 6054 5915 6310 6304 6424
GDP From Public Administration (DKK Million) 98072.00 100114 98473 99641 99543 101435
GDP From Transport (DKK Million) 92643.00 89964 89075 94125 94033 95820
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) 140.40 145 144 150 150 155
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 (%) 1.20 0.9 1.3 1.2 1.5 1.4
Consumer Price Index CPI (Index Points) 102.90 103 104 104 104 105
Core Consumer Prices (Index Points) 103.10 103 103 103 104 104
Producer Prices (Index Points) 103.10 113 112 112 105 113
Food Inflation (%) 1.70 1.9 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) 102.40 104 104 103 104 104
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) -0.65 -0.65 -0.65 -0.5 -0.25 0.25
Interbank Rate (%) -0.34 -0.32 -0.32 -0.17 0.08 0.38
Foreign Exchange Reserves (DKK Million) 454100.00 467361 467360 467360 467360 467360
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (DKK Million) 4480.80 7400 6600 1700 2800 800
Current Account (DKK Million) 11990.00 16400 10200 12000 8000 11000
Current Account to GDP (%) 6.10 5.8 5.8 5.8 5.3 5.3
Imports (DKK Million) 50817.60 54100 51800 49500 54200 53200
Exports (DKK Million) 55298.40 61500 58400 51200 57000 54000
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 34.10 33.8 33.8 33.8 33.5 33.5
Government Budget (% of GDP) 0.50 -0.5 -0.5 -0.5 -0.4 -0.4
Government Spending (DKK Million) 130914.00 130938 130273 133009 132878 135403
Government Spending to GDP (%) 51.90 49.7 49.7 49.7 48.4 48.4
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) -5.00 -8 -6 -7 -4 -4
Industrial Production (%) 3.60 3.1 2.8 0.5 3.3 4.8
Industrial Production Mom (%) -0.80 0.7 -1.6 0.7 0.1 0.8
Manufacturing Pmi 56.08 55.1 54.5 54 54.3 55
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 3.80 1 -2 -1 -3 2
Retail Sales MoM (%) 0.20 0.2 0.4 0.1 0.2 0.2
Retail Sales YoY (%) 1.20 2.1 2.5 0.9 1.1 0.8
Consumer Spending (DKK Million) 233101.00 233176 233937 236831 236598 241094
Gasoline Prices (USD/Liter) 1.85 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.