Markets Actual Q3 Q4 Q1 Q2 2021
Currency 6.32 6.32 6.35 6.37 6.4 6.45
Stock Market (points) 1296.13 1251 1221 1193 1165 1109
Government Bond 10Y (%) -0.37 0.04 0.08 0.12 0.17 0.21

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.00 8 3 0.7 0.9 0.8
GDP Annual Growth Rate (%) -0.20 -5.5 -3.7 0.7 12.8 2.9
Unemployment Rate (%) 5.50 6.2 6.3 6.5 6 5.1
Inflation Rate (%) 0.30 0.3 0.4 0.6 1.7 1.5
Interest Rate (%) -0.60 -0.6 -0.6 -0.6 -0.6 -0.5
Balance of Trade (DKK Million) 8059.10 6200 800 14000 9500 3500
Current Account (DKK Million) 17379.00 13000 12000 500 17000 15000
Current Account to GDP (%) 7.90 6.5 6.5 6.8 6.8 6.8
Government Debt to GDP (%) 33.20 44.9 44.9 44.7 44.7 44.7
Government Budget (% of GDP) 3.70 -7.6 -7.6 -2.8 -2.8 -2.8
Business Confidence (points) -7.00 -12 -9 -7 -6 -7
Consumer Confidence (points) -2.90 -1.9 -1.2 -1 1 1.5
Retail Sales MoM (%) 1.40 -1 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 Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.00 8 3 0.7 0.9 0.8
GDP Annual Growth Rate (%) -0.20 -5.5 -3.7 0.7 12.8 2.9
GDP (USD Billion) 348.08 320 320 325 325 325
GDP Constant Prices (DKK Million) 525935.00 523335 516185 529617 593255 531155
Gross National Product (DKK Million) 541776.00 538956 532022 545568 611123 547451
Gross Fixed Capital Formation (DKK Million) 115364.00 106662 110786 116172 130131 113999
GDP per capita (USD) 65147.40 62200 62200 63500 63500 63500
GDP per capita PPP (USD) 57184.20 54500 54500 56500 56500 56500
GDP From Agriculture (DKK Million) 5220.00 5153 5387 5257 5888 5543
GDP From Construction (DKK Million) 22996.00 24324 26306 23157 25939 27069
GDP From Manufacturing (DKK Million) 65188.00 68256 65279 65644 73532 67172
GDP From Mining (DKK Million) 3756.00 5179 3762 3782 4237 3872
GDP From Public Administration (DKK Million) 96340.00 94776 94834 97014 108672 97585
GDP From Transport (DKK Million) 85994.00 93092 94502 86596 97001 97243

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 5.50 6.2 6.3 6.5 6 5.1
Wages (DKK/Month) 41735.60 43200 43200 43200 43200 44000
Wages in Manufacturing (points) 144.90 150 155 155 155 155
Population (Million) 5.81 5.84 5.84 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 Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 0.30 0.3 0.4 0.6 1.7 1.5
Consumer Price Index CPI (points) 103.20 103 103 104 105 105
Harmonised Consumer Prices (points) 102.60 103 103 103 104 104
Core Consumer Prices (points) 103.90 104 104 105 105 106
Core Inflation Rate (%) 0.90 0.8 1.1 1.1 1.1 1.5
Producer Prices (points) 103.40 105 105 104 103 107
Food Inflation (%) 0.80 0.9 1.5 2 2 2.2
Producer Prices Change (%) 0.80 1.3 1.4 1.4 1.4 1.4
CPI Transportation (points) 102.00 103 104 102 104 105

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) -0.60 -0.6 -0.6 -0.6 -0.6 -0.5
Interbank Rate (%) -0.20 -0.18 -0.18 -0.18 -0.18 -0.18
Foreign Exchange Reserves (DKK Million) 455631.00 432550 433360 433360 433360 443360

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (DKK Million) 8059.10 6200 800 14000 9500 3500
Current Account (DKK Million) 17379.00 13000 12000 500 17000 15000
Current Account to GDP (%) 7.90 6.5 6.5 6.8 6.8 6.8
Imports (DKK Million) 45670.40 51000 48500 48500 51000 49200
Exports (DKK Million) 53729.50 57200 49000 62500 60500 53000

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 33.20 44.9 44.9 44.7 44.7 44.7
Government Budget (% of GDP) 3.70 -7.6 -7.6 -2.8 -2.8 -2.8
Government Budget Value (DKK Million) 17309.00 -104 -2033 -2033 -2033 -3320
Government Spending (DKK Million) 130850.00 127911 127534 131766 147599 131232
Government Spending to GDP (%) 49.60 59.5 59.5 53.9 53.9 53.9

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Business Confidence (points) -7.00 -12 -9 -7 -6 -7
Industrial Production (%) -2.00 -12 -9 -2 1.5 2.2
Industrial Production Mom (%) 3.80 -0.8 0.8 0.8 0.8 0.5
Manufacturing Pmi (points) 57.43 54.5 55 55.2 55.5 55.3

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) -2.90 -1.9 -1.2 -1 1 1.5
Retail Sales MoM (%) 1.40 -1 0.6 0.6 0.6 0.2
Retail Sales YoY (%) 6.60 2.8 3 3.5 1.5 2.8
Consumer Spending (DKK Million) 233890.00 232134 231859 235527 263828 238583
Disposable Personal Income (DKK Million) 1127877.48 1107203 1086146 1135773 1272246 1117644
Consumer Credit (DKK Billion) 453.14 470 450 466 511 464
Gasoline Prices (USD/Liter) 1.67 1.48 1.41 1.34 1.27 1.21


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.