Markets Actual Q2 Q3 Q4 Q1 2022
Currency 6.15 6.17 6.2 6.22 6.24 6.29
Stock Market (points) 1524.70 1489 1454 1420 1386 1320
Government Bond 10Y (%) 0.16 0.17 0.19 0.2 0.23 0.27

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.70 0.9 1.5 1 0.8 0.7
GDP Annual Growth Rate (%) -1.50 7.2 2.5 2.9 3.6 3.3
Unemployment Rate (%) 4.50 6 6 5.1 4.7 4.6
Inflation Rate (%) 1.50 1.7 1.3 1.2 1.3 1.5
Interest Rate (%) -0.50 -0.5 -0.5 -0.5 -0.5 -0.5
Balance of Trade (DKK Million) 14271.90 9100 8700 3500 3500 14600
Current Account (DKK Million) 15189.50 17000 17000 15000 15000 13000
Current Account to GDP (%) 7.80 8.1 8.1 8.1 7.9 7.9
Government Debt to GDP (%) 42.20 44.7 44.7 44.7 44.7 44.4
Government Budget (% of GDP) -1.10 -2 -2 -2 -1.8 -1.8
Business Confidence (points) 1.00 4.3 2.8 0.5 0.9 2.2
Consumer Confidence (points) -1.10 -3 -2.5 1 2 4
Retail Sales MoM (%) 19.70 0.6 0.6 0.6 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 (%) 0.70 0.9 1.5 1 0.8 0.7
GDP Annual Growth Rate (%) -1.50 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) 527062.00 531077 534314 542347 546036 560244
Gross National Product (DKK Million) 550551.00 547638 550359 566517 570371 585212
Gross Fixed Capital Formation (DKK Million) 118891.00 120730 119254 122339 123171 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) 6131.00 7010 6854 6309 6352 6517
GDP From Construction (DKK Million) 26879.00 27519 24397 27658 27847 28571
GDP From Manufacturing (DKK Million) 69051.00 73561 68007 71053 71537 73398
GDP From Mining (DKK Million) 3448.00 4269 4099 3548 3572 3665
GDP From Public Administration (DKK Million) 100088.00 103197 101058 102991 103691 106389
GDP From Transport (DKK Million) 90781.00 85790 89241 93414 94049 96496

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 4.50 6 6 5.1 4.7 4.6
Wages (DKK/Month) 42592.14 43200 43200 44000 44000 44000
Wages in Manufacturing (points) 147.00 155 155 155 155 155
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 (%) 1.50 1.7 1.3 1.2 1.3 1.5
Consumer Price Index CPI (points) 104.70 105 105 105 106 106
Harmonised Consumer Prices (points) 104.10 104 104 108 105 106
Core Consumer Prices (points) 104.60 104 104 106 106 106
Core Inflation Rate (%) 0.80 1.1 1.1 1.5 1.5 1.5
Producer Prices (points) 106.10 104 101 115 115 105
Food Inflation (%) 0.20 2 2 2.2 2.2 2
Producer Prices Change (%) 0.80 0.5 0.9 1.3 1.3 1.3
CPI Transportation (points) 104.40 104 104 103 106 105

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) 438672.00 433360 433360 443360 443360 443360

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (DKK Million) 14271.90 9100 8700 3500 3500 14600
Current Account (DKK Million) 15189.50 17000 17000 15000 15000 13000
Current Account to GDP (%) 7.80 8.1 8.1 8.1 7.9 7.9
Imports (DKK Million) 95873.00 96400 96200 97000 97700 100500
Exports (DKK Million) 109862.00 105100 106300 104500 107900 115100

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 42.20 44.7 44.7 44.7 44.7 44.4
Government Budget (% of GDP) -1.10 -2 -2 -2 -1.8 -1.8
Government Budget Value (DKK Million) -19746.00 -2033 -2033 -3320 -3320 -3320
Government Spending (DKK Million) 137289.00 137946 133166 141270 142231 145932
Government Spending to GDP (%) 49.60 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) 1.00 4.3 2.8 0.5 0.9 2.2
Industrial Production (%) 6.30 4.2 1.5 2.1 3.3 1.5
Industrial Production Mom (%) 5.80 0.2 0.4 0.5 0.4 0.4
Manufacturing PMI (points) 72.03 55.5 55 55.3 55.3 54.3

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) -1.10 -3 -2.5 1 2 4
Retail Sales MoM (%) 19.70 0.6 0.6 0.6 0.6 0.2
Retail Sales YoY (%) 24.20 1.5 2 2.8 2.8 2.8
Consumer Spending (DKK Million) 234772.00 236590 236602 241580 243224 249553
Disposable Personal Income (DKK Million) 1175218.46 1259834 1204599 1209300 1217526 1249207
Consumer Credit (DKK Billion) 446.76 486 464 460 463 475
Gasoline Prices (USD/Liter) 2.03 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.