Markets Actual Q1 Q2 Q3 Q4 2020
Currency 6.60 6.6 6.63 6.67 6.71 6.79
Stock Market (points) 1004.96 968 956 944 932 908
Government Bond 10Y (%) 0.06 0.31 0.35 0.38 0.42 0.51
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.70 0.4 0.4 0.3 0.3 0.4
GDP Annual Growth Rate (%) 2.20 1.7 1.5 1.6 1.6 1.8
Unemployment Rate (%) 3.70 3.7 3.9 4.1 4.2 4.5
Inflation Rate (%) 1.00 1.8 1.9 2.1 2.2 2.1
Interest Rate (%) -0.65 -0.5 -0.5 -0.25 0 0.25
Balance of Trade (DKK Million) 6035.80 9500 7400 3210 1385 1566
Current Account (DKK Million) 13402.00 5100 16400 10200 8500 6200
Current Account to GDP (%) 8.00 6.9 6.9 6.9 6.9 6.5
Government Debt to GDP (%) 36.40 35.7 35.7 35.7 35.7 35.4
Government Budget (% of GDP) 1.00 -0.5 -0.5 -0.5 -0.5 1.8
Business Confidence (Index Points) -6.00 4 2 2 -1 -2
Consumer Confidence (Index Points) 3.80 2.5 1 -2 -1 2
Retail Sales MoM (%) -0.30 0.3 0.2 0.4 0.1 0.2
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.80 55.8 55.8 55.8 55.8 55
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.70 0.4 0.4 0.3 0.3 0.4
GDP Annual Growth Rate (%) 2.20 1.7 1.5 1.6 1.6 1.8
GDP (USD Billion) 324.87 340 340 340 340 348
GDP Constant Prices (DKK Million) 515903.00 510086 510697 514304 521957 532918
Gross National Product (DKK Million) 529677.00 518643 517994 528956 536827 548101
Gross Fixed Capital Formation (DKK Million) 107123.00 113595 122353 107882 109488 111787
GDP per capita (USD) 61582.17 63200 63200 63200 63200 64700
GDP per capita PPP (USD) 46682.51 47000 47000 47000 47000 47350
GDP From Agriculture (DKK Million) 5623.00 5446 5840 5384 5464 5579
GDP From Construction (DKK Million) 26117.00 23774 25609 25876 25851 26394
GDP From Manufacturing (DKK Million) 64672.00 58916 64004 61909 62831 64150
GDP From Mining (DKK Million) 6211.00 6055 6163 6025 6019 6146
GDP From Public Administration (DKK Million) 98072.00 101879 101907 100302 100204 102308
GDP From Transport (DKK Million) 92643.00 81628 90203 89312 90641 92544
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.70 3.7 3.9 4.1 4.2 4.5
Wages (DKK/Month) 40953.70 41800 42171 42371 41800 42200
Wages in Manufacturing (Index Points) 140.40 145 145 144 150 155
Population (Million) 5.78 5.82 5.82 5.82 5.81 5.84
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.00 1.8 1.9 2.1 2.2 2.1
Consumer Price Index CPI (Index Points) 102.70 104 104 105 105 107
Harmonised Consumer Prices (Index Points) 102.30 103 104 104 104 106
Core Consumer Prices (Index Points) 102.90 103 103 103 103 104
Producer Prices (Index Points) 103.10 112 114 114 113 115
Food Inflation (%) 1.10 1.2 1.9 2.2 2.2 2
Producer Prices Change (%) 0.10 2.2 1.3 1.1 1.8 1.4
CPI Transportation (Index Points) 102.30 102 105 105 105 107
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) -0.65 -0.5 -0.5 -0.25 0 0.25
Interbank Rate (%) -0.32 -0.13 -0.13 0.12 0.37 0.37
Foreign Exchange Reserves (DKK Million) 455600.00 465000 467361 467360 467360 467360
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (DKK Million) 6035.80 9500 7400 3210 1385 1566
Current Account (DKK Million) 13402.00 5100 16400 10200 8500 6200
Current Account to GDP (%) 8.00 6.9 6.9 6.9 6.9 6.5
Imports (DKK Million) 54558.10 58500 54100 51847 52200 54500
Exports (DKK Million) 60593.90 68000 61500 56487 57000 58000
Terms of Trade (Index Points) 101.00 98.79 98.82 98.82 98.82 98.82
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 36.40 35.7 35.7 35.7 35.7 35.4
Government Budget (% of GDP) 1.00 -0.5 -0.5 -0.5 -0.5 1.8
Government Budget Value (DKK Million) -2989.00 -7248 699 -6904 -104 -2033
Government Spending (DKK Million) 130914.00 133537 133284 132692 132562 135346
Government Spending to GDP (%) 51.90 49.7 49.7 49.7 49.7 48.4
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.80 55.8 55.8 55.8 55.8 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 Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) -6.00 4 2 2 -1 -2
Industrial Production (%) 2.60 9.5 1.2 1.19 3.2 2.5
Industrial Production Mom (%) -9.40 -0.6 0.7 -1.6 0.7 0.7
Manufacturing Pmi 61.56 55.4 55.1 54 54 54
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 3.80 2.5 1 -2 -1 2
Retail Sales MoM (%) -0.30 0.3 0.2 0.4 0.1 0.2
Retail Sales YoY (%) 0.10 1.5 2.1 2.5 0.9 0.8
Consumer Spending (DKK Million) 233101.00 232704 233796 234559 238049 243048
Gasoline Prices (USD/Liter) 1.81 1.74 1.7 1.66 1.61 1.62


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.