Markets Actual Q4 Q1 Q2 Q3 2020
Currency 6.77 6.88 6.91 6.94 6.98 7.04
Stock Market (points) 1024.43 1021 1007 994 981 955
Government Bond 10Y (%) -0.54 0.06 0.12 0.18 0.26 0.31
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.90 0.3 0.4 0.5 0.4 0.4
GDP Annual Growth Rate (%) 2.60 1.3 1.5 1.6 1.8 1.8
Unemployment Rate (%) 3.80 4 4.2 4.2 4.3 4.4
Inflation Rate (%) 0.50 0.9 1.5 1.2 1.3 1.4
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Balance of Trade (DKK Million) 8392.00 1700 2800 8400 8400 800
Current Account (DKK Million) 19051.00 12000 8000 17000 13000 11000
Current Account to GDP (%) 6.10 5.8 5.3 5.3 5.3 5.3
Government Debt to GDP (%) 34.10 33 32.4 32.4 32.4 32.4
Government Budget (% of GDP) 0.50 0.4 -0.2 -0.2 -0.2 -0.2
Business Confidence (Index Points) -7.00 -5 -4 -2 1 2
Consumer Confidence (Index Points) 4.30 2.1 1 -2 -2.3 -1.5
Retail Sales MoM (%) 0.30 0.1 0.2 0.1 0.3 0.2
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.80 55.8 55 55 55 55
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.90 0.3 0.4 0.5 0.4 0.4
GDP Annual Growth Rate (%) 2.60 1.3 1.5 1.6 1.8 1.8
GDP (USD Billion) 351.30 352 365 365 365 365
GDP Constant Prices (DKK Million) 524147.00 524157 523642 527376 532533 533592
Gross National Product (DKK Million) 539752.00 538152 537622 541745 548388 547839
Gross Fixed Capital Formation (DKK Million) 111778.00 108837 108730 113759 113566 110796
GDP per capita (USD) 62888.70 62500 64700 64700 64700 64700
GDP per capita PPP (USD) 47672.96 48000 48350 48350 48350 48350
GDP From Agriculture (DKK Million) 6153.00 5713 5707 5536 6251 5816
GDP From Construction (DKK Million) 26073.00 26535 26509 24202 26490 27012
GDP From Manufacturing (DKK Million) 70163.00 65707 65642 65840 71286 66889
GDP From Mining (DKK Million) 6191.00 6310 6304 5717 6290 6424
GDP From Public Administration (DKK Million) 99557.00 99641 99543 100994 101150 101435
GDP From Transport (DKK Million) 93556.00 94125 94033 85900 95053 95820
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 3.80 4 4.2 4.2 4.3 4.4
Wages (DKK/Month) 41735.60 42500 43200 43200 43200 43200
Wages in Manufacturing (Index Points) 144.70 150 150 150 150 155
Population (Million) 5.78 5.79 5.81 5.81 5.81 5.81
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 0.50 0.9 1.5 1.2 1.3 1.4
Consumer Price Index CPI (Index Points) 102.90 103 104 104 104 105
Core Consumer Prices (Index Points) 103.20 103 104 104 104 104
Producer Prices (Index Points) 103.10 112 105 104 104 113
Food Inflation (%) 1.30 2 1.8 1.7 1.9 2.1
Producer Prices Change (%) 0.10 1.5 1.6 1.5 1.3 1.4
CPI Transportation (Index Points) 103.10 102 104 105 105 104
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) -0.75 -0.75 -0.75 -0.75 -0.75 -0.75
Interbank Rate (%) -0.44 -0.17 0.08 -0.44 -0.44 0.38
Foreign Exchange Reserves (DKK Million) 445000.00 457360 460360 462500 462550 463360
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (DKK Million) 8392.00 1700 2800 8400 8400 800
Current Account (DKK Million) 19051.00 12000 8000 17000 13000 11000
Current Account to GDP (%) 6.10 5.8 5.3 5.3 5.3 5.3
Imports (DKK Million) 52690.50 49500 54200 54800 53200 53200
Exports (DKK Million) 61082.50 51200 51200 63200 60000 54000
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 34.10 33 32.4 32.4 32.4 32.4
Government Budget (% of GDP) 0.50 0.4 -0.2 -0.2 -0.2 -0.2
Government Spending (DKK Million) 130840.00 133009 132878 132609 132933 135403
Government Spending to GDP (%) 51.40 51 51.2 51.2 51.2 51.2
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.80 55.8 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 Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) -7.00 -5 -4 -2 1 2
Industrial Production (%) 3.60 0.5 3.3 4.2 4.5 4.8
Industrial Production Mom (%) -2.20 0.7 0.1 0.9 -0.8 0.8
Manufacturing Pmi 50.20 53.5 54.3 54.7 54.9 55.5
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 4.30 2.1 1 -2 -2.3 -1.5
Retail Sales MoM (%) 0.30 0.1 0.2 0.1 0.3 0.2
Retail Sales YoY (%) 0.90 1.3 0.3 0.5 0.7 0.8
Consumer Spending (DKK Million) 234106.00 236831 236598 236546 237852 241094
Gasoline Prices (USD/Liter) 1.82 1.67 1.62 1.6 1.55 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.