Markets Actual Q4 Q1 Q2 Q3 2021
Currency 6.10 6.09 6.12 6.14 6.16 6.21
Stock Market (points) 1454.79 1398 1365 1333 1302 1239
Government Bond 10Y (%) -0.46 0.05 0.1 0.15 0.21 0.34

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 4.90 -1.3 1.1 1.2 0.9 0.8
GDP Annual Growth Rate (%) -4.00 -3.7 0.7 6.8 4.8 2.9
Unemployment Rate (%) 4.60 6.3 6.5 6 6 5.1
Inflation Rate (%) 0.50 0.6 0.6 1.7 1.3 1.2
Interest Rate (%) -0.60 -0.6 -0.6 -0.6 -0.6 -0.6
Balance of Trade (DKK Million) 4434.20 800 14000 9500 9500 3500
Current Account (DKK Million) 13565.00 12000 500 17000 17000 15000
Current Account to GDP (%) 7.90 6.5 6.8 6.8 6.8 6.8
Government Debt to GDP (%) 33.20 44.9 44.7 44.7 44.7 44.7
Government Budget (% of GDP) 3.70 -7.6 -2.8 -2.8 -2.8 -2.8
Business Confidence (points) -10.00 -9 -7 -6 -4 -7
Consumer Confidence (points) -7.60 -9.5 -3 2 1.5 1
Retail Sales MoM (%) 8.20 0.6 0.6 0.6 0.6 0.2
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.80 55 55 55 55 55

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 4.90 -1.3 1.1 1.2 0.9 0.8
GDP Annual Growth Rate (%) -4.00 -3.7 0.7 6.8 4.8 2.9
GDP (USD Billion) 348.08 320 325 325 325 325
GDP Constant Prices (DKK Million) 519343.00 516185 529617 523095 544271 531155
Gross National Product (DKK Million) 536936.00 532022 545568 545594 562709 547451
Gross Fixed Capital Formation (DKK Million) 116362.00 110786 116172 113332 121947 113999
GDP per capita (USD) 65147.40 62200 63500 63500 63500 63500
GDP per capita PPP (USD) 57184.20 54500 56500 56500 56500 56500
GDP From Agriculture (DKK Million) 6674.00 5387 5257 6213 6994 5543
GDP From Construction (DKK Million) 23802.00 26306 23157 28994 24944 27069
GDP From Manufacturing (DKK Million) 65797.00 65279 65644 70192 68955 67172
GDP From Mining (DKK Million) 3996.00 3762 3782 4180 4188 3872
GDP From Public Administration (DKK Million) 98601.00 94834 97014 102481 103334 97585
GDP From Transport (DKK Million) 86533.00 94502 86596 85438 90687 97243

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 4.60 6.3 6.5 6 6 5.1
Wages (DKK/Month) 41735.60 43200 43200 43200 43200 44000
Wages in Manufacturing (points) 147.10 155 155 155 155 155
Population (Million) 5.81 5.84 5.89 5.89 5.89 5.87
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 0.50 0.6 0.6 1.7 1.3 1.2
Consumer Price Index CPI (points) 103.60 104 104 105 105 105
Harmonised Consumer Prices (points) 103.00 106 103 104 104 108
Core Consumer Prices (points) 104.40 104 104 105 105 106
Core Inflation Rate (%) 0.90 1.1 1.1 1.1 1.1 1.5
Producer Prices (points) 102.10 113 105 104 103 115
Food Inflation (%) 0.50 1.5 2 2 2 2.2
Producer Prices Change (%) -0.60 1.4 1.4 1.4 1.4 1.4
CPI Transportation (points) 101.00 104 102 104 104 105

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) -0.60 -0.6 -0.6 -0.6 -0.6 -0.6
Interbank Rate (%) -0.22 0.38 -0.21 -0.21 -0.21 0.88
Foreign Exchange Reserves (DKK Million) 456400.00 433360 433360 433360 433360 443360

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (DKK Million) 4434.20 800 14000 9500 9500 3500
Current Account (DKK Million) 13565.00 12000 500 17000 17000 15000
Current Account to GDP (%) 7.90 6.5 6.8 6.8 6.8 6.8
Imports (DKK Million) 54668.80 48500 48500 51000 51000 49200
Exports (DKK Million) 59103.00 49000 62500 60500 60500 53000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 33.20 44.9 44.7 44.7 44.7 44.7
Government Budget (% of GDP) 3.70 -7.6 -2.8 -2.8 -2.8 -2.8
Government Budget Value (DKK Million) -734.00 -2033 -2033 -2033 -2033 -3320
Government Spending (DKK Million) 129926.00 127534 131766 138012 136162 131232
Government Spending to GDP (%) 49.60 59.5 53.9 53.9 53.9 53.9

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 55.80 55 55 55 55 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 Q4 Q1 Q2 Q3 2021
Business Confidence (points) -10.00 -9 -7 -6 -4 -7
Industrial Production (%) -10.90 -9 1.5 1.5 16 7
Industrial Production Mom (%) -5.80 0.8 0.8 0.8 0.8 0.5
Manufacturing PMI (points) 47.67 55 55.2 55.5 55 55.3

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) -7.60 -9.5 -3 2 1.5 1
Retail Sales MoM (%) 8.20 0.6 0.6 0.6 0.6 0.2
Retail Sales YoY (%) 13.60 3 3.5 1.5 2 2.8
Consumer Spending (DKK Million) 228127.00 231859 235527 230538 239077 238583
Disposable Personal Income (DKK Million) 1175218.46 1131735 1183445 1255133 1231629 1164556
Consumer Credit (DKK Billion) 446.17 450 466 484 474 464
Gasoline Prices (USD/Liter) 1.77 1.63 1.41 1.34 1.27 1.54


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.