Markets Actual Q3 Q4 Q1 Q2 2022
Currency 6.32 6.33 6.36 6.4 6.43 6.49
Stock Market (points) 1727.03 1648 1601 1555 1510 1424
Government Bond 10Y (%) -0.08 0 0.01 0.01 0.02 0.02

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -1.00 1.5 1 0.8 0.7 0.7
GDP Annual Growth Rate (%) -0.80 2.5 2 3.6 2.9 3.3
Unemployment Rate (%) 4.00 4.3 4.3 4.2 4.1 4.1
Inflation Rate (%) 1.70 1.3 1.4 1.3 1.2 1.5
Interest Rate (%) -0.50 -0.5 -0.5 -0.5 -0.5 -0.5
Balance of Trade (DKK Million) 11955.10 8500 3500 4800 7000 3200
Current Account (DKK Million) 14583.40 21000 15000 15000 16500 13000
Current Account to GDP (% of GDP) 7.80 8.1 8.1 7.9 7.9 7.9
Government Debt to GDP (% of GDP) 42.20 41 41 39.1 39.1 39.1
Government Budget (% of GDP) -1.10 -1.6 -1.6 -1 -1 -1
Business Confidence (points) 4.00 2 1 -2 -2 -1
Consumer Confidence (points) 2.60 1.2 1 2 2.2 1.8
Retail Sales MoM (%) 1.00 2.3 0.4 0.4 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 Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -1.00 1.5 1 0.8 0.7 0.7
GDP Annual Growth Rate (%) -0.80 2.5 2 3.6 2.9 3.3
GDP (USD Billion) 355.18 325 325 325 325 340
GDP Constant Prices (DKK Million) 526710.00 531077 542663 537603 545672 555344
Gross National Product (DKK Million) 543521.00 547638 557152 561562 563088 580094
Gross Fixed Capital Formation (DKK Million) 118960.00 120730 112680 121269 123243 125271
GDP per capita (USD) 63880.09 63500 63500 63500 63500 64200
GDP per capita PPP (USD) 55938.21 56500 56500 56500 56500 57200
GDP From Agriculture (DKK Million) 5615.00 7010 5915 6254 5817 6460
GDP From Construction (DKK Million) 24042.00 27519 27472 27417 24908 28321
GDP From Manufacturing (DKK Million) 72582.00 73561 68027 70432 75195 72756
GDP From Mining (DKK Million) 3209.00 4269 6533 3517 3325 3633
GDP From Public Administration (DKK Million) 98348.00 103197 103159 102090 101889 105459
GDP From Transport (DKK Million) 77753.00 85790 97448 92597 80552 95652

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 4.00 4.3 4.3 4.2 4.1 4.1
Wages (DKK/Month) 42592.14 43200 44000 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 67 67 67
Retirement Age Men 66.50 66.5 66.5 67 67 67

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.70 1.3 1.4 1.3 1.2 1.5
Consumer Price Index CPI (points) 105.00 105 105 106 106 106
Harmonised Consumer Prices (points) 104.80 104 104 105 106 106
Core Consumer Prices (points) 105.20 106 105 106 106 107
Core Inflation Rate (%) 1.30 1.3 1.2 1.3 1.1 1.3
Producer Prices (points) 112.50 105 105 108 114 107
Food Inflation (%) -0.30 1.1 2 2.5 2.4 2.8
Producer Prices Change (%) 1.80 1.9 2 1.5 1.3 1.5
CPI Transportation (points) 106.10 104 103 106 107 105

Money Actual Q3 Q4 Q1 Q2 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) 458400.00 459500 461100 462500 46300 46280

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (DKK Million) 11955.10 8500 3500 4800 7000 3200
Current Account (DKK Million) 14583.40 21000 15000 15000 16500 13000
Current Account to GDP (% of GDP) 7.80 8.1 8.1 7.9 7.9 7.9
Imports (DKK Million) 104373.40 107000 110200 110000 110200 113000
Exports (DKK Million) 116328.50 116000 115000 117000 115500 116200

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 42.20 41 41 39.1 39.1 39.1
Government Budget (% of GDP) -1.10 -1.6 -1.6 -1 -1 -1
Government Spending (DKK Million) 133831.00 137946 137705 140035 138649 144656
Government Spending to GDP (% of GDP) 54.00 53.9 53.9 53.9 53.9 52.6

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

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 4.00 2 1 -2 -2 -1
Industrial Production (%) 10.40 1.5 2.1 3.3 2.6 1.5
Industrial Production Mom (%) 0.80 0.4 0.5 0.4 0.3 0.4
Manufacturing PMI (points) 62.12 62 59 55 56 54

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 2.60 1.2 1 2 2.2 1.8
Retail Sales MoM (%) 1.00 2.3 0.4 0.4 0.1 0.2
Retail Sales YoY (%) 6.40 2.8 4.5 -3.2 2.1 2.8
Consumer Spending (DKK Million) 227067.00 236590 245192 239467 235241 247370
Disposable Personal Income (DKK Million) 1175218.46 1259834 1152082 1198723 1217526 1238281
Consumer Credit (DKK Billion) 439.20 486 512 456 463 471
Gasoline Prices (USD/Liter) 2.08 1.98 1.88 1.78 1.69 1.61


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.