Markets Actual Q4 Q1 Q2 Q3 2022
Currency 6.63 6.62 6.65 6.68 6.72 6.78
Stock Market (points) 1823.76 1838 1788 1740 1692 1602
Government Bond 10Y (%) 0.05 0 0.01 0.02 0.02 0.03

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.00 0.3 0.8 0.7 0.7 0.6
GDP Annual Growth Rate (%) 9.80 2.9 3.6 2.7 2.3 3.2
Unemployment Rate (%) 3.30 3.2 3.5 3.9 4.5 4.7
Inflation Rate (%) 3.00 3.1 2.5 2.3 1.8 1.5
Interest Rate (%) -0.60 -0.5 -0.5 -0.5 -0.5 -0.5
Balance of Trade (DKK Million) 12785.40 13600 12900 12300 11900 11900
Current Account (DKK Million) 16100.00 19000 15500 14200 14500 14000
Current Account to GDP (% of GDP) 7.80 8.1 7.9 7.9 7.9 7.9
Government Debt to GDP (% of GDP) 42.20 41 39.1 39.1 39.1 39.1
Government Budget (% of GDP) -3.50 -1.6 -1 -1 -1 -1
Business Confidence (points) 9.00 1 -2 -2 -2 -1
Consumer Confidence (points) -2.00 1 2 2.2 2.2 1.8
Retail Sales MoM (%) 1.70 0.4 0.4 0.1 0.1 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 Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.00 0.3 0.8 0.7 0.7 0.6
GDP Annual Growth Rate (%) 9.80 2.9 3.6 2.7 2.3 3.2
GDP (USD Billion) 356.08 325 325 325 325 340
GDP Constant Prices (DKK Million) 540134.00 548369 547258 554718 552557 565916
Gross National Product (DKK Million) 558334.00 572774 565123 573409 571176 591103
Gross Fixed Capital Formation (DKK Million) 126713.00 130787 126607 130134 129627 134972
GDP per capita (USD) 56202.17 63500 63500 63500 63500 64200
GDP per capita PPP (USD) 55938.21 56500 56500 56500 56500 57200
GDP From Agriculture (DKK Million) 6823.00 5867 6334 7007 6980 6055
GDP From Construction (DKK Million) 26463.00 28066 24152 27178 27072 28964
GDP From Manufacturing (DKK Million) 78599.00 74009 78202 80721 80407 76377
GDP From Mining (DKK Million) 3351.00 2876 2602 3441 3428 2968
GDP From Public Administration (DKK Million) 99884.00 100591 99896 102581 102181 103810
GDP From Transport (DKK Million) 91061.00 95421 83941 93520 93155 98475

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 3.30 3.2 3.5 3.9 4.5 4.7
Wages (DKK/Month) 42592.14 44000 44000 44000 44000 44000
Wages in Manufacturing (points) 151.80 155 155 155 155 155
Population (Million) 5.82 5.85 5.85 5.87 5.87 5.87
Retirement Age Women 66.50 66.5 67 67 67 67
Retirement Age Men 66.50 66.5 67 67 67 67

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 3.00 3.1 2.5 2.3 1.8 1.5
Consumer Price Index CPI (points) 106.80 107 107 107 108 108
Harmonised Consumer Prices (points) 106.50 106 106 107 107 108
Core Consumer Prices (points) 105.90 106 107 107 108 108
Core Inflation Rate (%) 1.30 1.5 2.2 1.9 2 2
Producer Prices (points) 124.20 108 112 117 125 110
Food Inflation (%) 1.30 2 2.5 2.4 2.4 2.8
Producer Prices Change (%) 4.00 5.1 5.1 3.9 2.4 1.7
CPI Transportation (points) 109.60 110 110 110 110 110

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) -0.60 -0.5 -0.5 -0.5 -0.5 -0.5
Interbank Rate (%) -0.28 -0.18 -0.18 -0.18 -0.18 -0.18
Foreign Exchange Reserves (DKK Million) 491900.00 461100 462500 46300 46300 46280

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (DKK Million) 12785.40 13600 12900 12300 11900 11900
Current Account (DKK Million) 16100.00 19000 15500 14200 14500 14000
Current Account to GDP (% of GDP) 7.80 8.1 7.9 7.9 7.9 7.9
Imports (DKK Million) 110522.10 110200 109000 110200 111600 112300
Exports (DKK Million) 123307.50 123800 121900 122500 123500 124200

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 42.20 41 39.1 39.1 39.1 39.1
Government Budget (% of GDP) -3.50 -1.6 -1 -1 -1 -1
Government Spending (DKK Million) 135350.00 138350 136737 139004 138463 142777
Government Spending to GDP (% of GDP) 54.00 53.9 53.9 53.9 53.9 52.6

Taxes Actual Q4 Q1 Q2 Q3 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 8 8 8 0 0
Social Security Rate For Companies (%) 0.00 0 0 0 0 0
Social Security Rate For Employees (%) 0.00 8 8 8 0 0

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) 9.00 1 -2 -2 -2 -1
Industrial Production (%) 4.60 2.1 3.3 2.6 2.6 1.5
Industrial Production Mom (%) -5.40 0.5 0.4 0.3 0.3 0.4
Manufacturing PMI (points) 71.86 62 58 56 56 58

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) -2.00 1 2 2.2 2.2 1.8
Retail Sales MoM (%) 1.70 0.4 0.4 0.1 0.1 0.2
Retail Sales YoY (%) 2.50 4.5 -3.2 2.1 2.5 2.8
Consumer Spending (DKK Million) 240453.00 250073 238660 246945 245983 258075
Disposable Personal Income (DKK Million) 1172507.28 1206510 1214718 1204165 1199475 1245118
Consumer Credit (DKK Billion) 447.95 460 463 458 458 475
Gasoline Prices (USD/Liter) 2.19 2.08 1.98 1.88 1.78 1.69


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Denmark Forecast - was last updated on Thursday, November 25, 2021.