Markets Actual Q2 Q3 Q4 Q1 2022
Currency 6.26 6.26 6.29 6.31 6.33 6.38
Stock Market (points) 1624.94 1594 1557 1520 1484 1413
Government Bond 10Y (%) 0.09 0.12 0.13 0.15 0.16 0.19

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -1.30 0.9 1.5 1 0.8 0.7
GDP Annual Growth Rate (%) -1.30 7.2 2.5 2.9 3.6 3.3
Unemployment Rate (%) 4.60 4.5 4.3 4.3 4.2 4.1
Inflation Rate (%) 1.70 1.6 1.3 1.4 1.3 1.5
Interest Rate (%) -0.50 -0.5 -0.5 -0.5 -0.5 -0.5
Balance of Trade (DKK Million) 8536.00 8500 9000 4800 7000 3200
Current Account (DKK Million) 12696.00 17000 21000 15000 15000 13000
Current Account to GDP (% of GDP) 7.80 8.1 8.1 8.1 7.9 7.9
Government Debt to GDP (% of GDP) 42.20 41 41 41 39.1 39.1
Government Budget (% of GDP) -1.10 -1.6 -1.6 -1.6 -1 -1
Business Confidence (points) 4.00 6 2 1 -2 -1
Consumer Confidence (points) 2.80 2 1.2 1 2 1.8
Retail Sales MoM (%) -8.30 2.3 0.6 0.4 0.6 0.2
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.90 55.9 55.9 55.9 55.9 55.9

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -1.30 0.9 1.5 1 0.8 0.7
GDP Annual Growth Rate (%) -1.30 7.2 2.5 2.9 3.6 3.3
GDP (USD Billion) 348.08 325 325 325 325 340
GDP Constant Prices (DKK Million) 526710.00 531077 534314 542347 545672 560244
Gross National Product (DKK Million) 543521.00 547638 550359 566517 563088 585212
Gross Fixed Capital Formation (DKK Million) 118960.00 120730 119254 122339 123243 126376
GDP per capita (USD) 65147.40 63500 63500 63500 63500 64200
GDP per capita PPP (USD) 57184.20 56500 56500 56500 56500 57200
GDP From Agriculture (DKK Million) 5615.00 7010 6854 6309 5817 6517
GDP From Construction (DKK Million) 24042.00 27519 24397 27658 24908 28571
GDP From Manufacturing (DKK Million) 72582.00 73561 68007 71053 75195 73398
GDP From Mining (DKK Million) 3209.00 4269 4099 3548 3325 3665
GDP From Public Administration (DKK Million) 98348.00 103197 101058 102991 101889 106389
GDP From Transport (DKK Million) 77753.00 85790 89241 93414 80552 96496

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 4.60 4.5 4.3 4.3 4.2 4.1
Wages (DKK/Month) 42592.14 43200 43200 44000 44000 44000
Wages in Manufacturing (points) 147.80 155 155 155 155 155
Population (Million) 5.82 5.85 5.85 5.85 5.87 5.87
Retirement Age Women 66.50 66.5 66.5 66.5 67 67
Retirement Age Men 66.50 66.5 66.5 66.5 67 67

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 1.70 1.6 1.3 1.4 1.3 1.5
Consumer Price Index CPI (points) 104.90 105 105 105 106 106
Harmonised Consumer Prices (points) 104.40 104 104 104 105 106
Core Consumer Prices (points) 105.20 105 106 105 106 107
Core Inflation Rate (%) 1.30 1.4 1.3 1.2 1.3 1.3
Producer Prices (points) 108.60 104 105 105 108 107
Food Inflation (%) 0.00 0.1 1.1 2 2.5 2.8
Producer Prices Change (%) 1.80 2.2 1.9 2 1.5 1.5
CPI Transportation (points) 105.20 104 104 103 106 105

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) -0.50 -0.5 -0.5 -0.5 -0.5 -0.5
Interbank Rate (%) -0.21 -0.21 -0.21 -0.21 -0.21 -0.21
Foreign Exchange Reserves (DKK Million) 455881.00 456100 459500 461100 462500 46280

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (DKK Million) 8536.00 8500 9000 4800 7000 3200
Current Account (DKK Million) 12696.00 17000 21000 15000 15000 13000
Current Account to GDP (% of GDP) 7.80 8.1 8.1 8.1 7.9 7.9
Imports (DKK Million) 104228.00 104500 107000 110200 110000 113000
Exports (DKK Million) 112764.00 113000 116000 115000 117000 116200

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 42.20 41 41 41 39.1 39.1
Government Budget (% of GDP) -1.10 -1.6 -1.6 -1.6 -1 -1
Government Spending (DKK Million) 133831.00 137946 133166 141270 138649 145932
Government Spending to GDP (% of GDP) 54.00 53.9 53.9 53.9 53.9 52.6

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.90 55.9 55.9 55.9 55.9 55.9
Sales Tax Rate (%) 25.00 25 25 25 25 25
Social Security Rate (%) 0.00 0 0 8 0 0
Social Security Rate For Companies (%) 0.00 0 0 0 0 0
Social Security Rate For Employees (%) 0.00 0 0 8 0 0

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 4.00 6 2 1 -2 -1
Industrial Production (%) 5.70 4.2 1.5 2.1 3.3 1.5
Industrial Production Mom (%) -4.10 0.2 0.4 0.5 0.4 0.4
Manufacturing PMI (points) 67.71 66 62 59 55 54

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 2.80 2 1.2 1 2 1.8
Retail Sales MoM (%) -8.30 2.3 0.6 0.4 0.6 0.2
Retail Sales YoY (%) 9.80 1.5 2.8 4.5 -3.2 2.8
Consumer Spending (DKK Million) 227067.00 236590 236602 241580 235241 249553
Disposable Personal Income (DKK Million) 1175218.46 1259834 1204599 1209300 1217526 1249207
Consumer Credit (DKK Billion) 443.03 486 464 460 463 475
Gasoline Prices (USD/Liter) 2.08 1.77 1.68 1.54 1.52 1.44


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.