Denmark - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.90 0.5 0.5 0.6 0.4 0.5 percent
Unemployment Rate 4.10 4.3 4.4 4.6 4.6 5.1 percent
Inflation Rate 0.80 1.1 1.4 1.6 1.8 2.1 percent
Interest Rate -0.65 -0.65 -0.5 -0.5 -0.5 0.25 percent
Balance of Trade 5427.40 7500 9800 3400 9500 3500 DKK Million
Government Debt to GDP 36.40 36 36 36 35.7 35.4 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 6.33
6.17 6.28 6.39 6.5 6.98
Stock Market 999.60
points
927 897 869 841 739
Government Bond 10Y 0.61
percent
0.66 0.78 0.92 1.1 2.18
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.90
percent
0.5 0.5 0.6 0.4 0.5
GDP Annual Growth Rate 1.30
percent
2.2 2.5 2.6 2.4 2.4
GDP 306.90
USD Billion
304 311 310 317 322
GDP Constant Prices 499420.00
DKK Million
504613 501050 512405 516988 537820
Gross National Product 513133.00
DKK Million
521622 514694 526474 533186 552588
Gross Fixed Capital Formation 104574.00
DKK Million
103010 104996 107293 102081 112615
GDP per capita 60268.23
USD
60900 60900 60900 61300 61700
GDP per capita PPP 45686.48
USD
45688 45718 45748 46106 46253
GDP From Agriculture 6420.00
DKK Million
5911 6792 6587 5057 6914
GDP From Construction 22126.00
DKK Million
21673 21941 22701 20259 23827
GDP From Manufacturing 61225.00
DKK Million
65418 61043 62817 62226 65933
GDP From Mining 6575.00
DKK Million
7523 7554 6746 6594 7081
GDP From Public Administration 100089.00
DKK Million
99538 99350 102691 100638 107785
GDP From Transport 87994.00
DKK Million
89222 87265 90282 82740 94760
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 4.10
percent
4.3 4.4 4.6 4.6 5.1
Employed Persons 2756.00
Thousand
2734 2736 2735 2731 2710
Unemployed Persons 111806.70
118353 116818 113033 114945 115155
Long Term Unemployment Rate 1.30
percent
1.15 1.15 1.15 1.15 1.15
Youth Unemployment Rate 9.50
percent
10.46 10.45 10.44 10.43 10.32
Labour Costs 107.38
Index Points
107 107 107 107 106
Productivity 127.03
Index Points
127 127 127 127 127
Wages 40101.77
DKK/Month
41151 41151 41151 41800 42200
Wages in Manufacturing 137.10
Index Points
141 140 143 145 155
Population 5.75
Million
5.8 5.8 5.8 5.8 5.89
Retirement Age Women 65.00
65 65 65 65 65
Retirement Age Men 65.00
65 65 65 65 65
Job Vacancies 29929.00
33802 33802 33802 33802 33802
Labor Force Participation Rate 68.90
percent
68.75 68.71 68.75 68.73 68.73
Part Time Employment 686.30
Thousand
686 684 685 684 685
Employment Change 0.40
percent
0.4 0.4 0.4 0.4 0.4
Employment Rate 65.60
percent
64.59 64.67 64.82 64.87 64.76
Full Time Employment 2068.10
Thousand
2066 2063 2065 2063 2064
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 0.80
percent
1.1 1.4 1.6 1.8 2.1
Harmonised Consumer Prices 101.80
Index Points
102 103 103 103 107
Consumer Price Index CPI 102.20
Index Points
102 103 103 104 107
Core Consumer Prices 102.40
Index Points
103 103 103 103 106
Core Inflation Rate 0.80
percent
0.9 1 1.08 1.15 1.52
GDP Deflator 107.94
Index Points
108 108 108 108 108
Producer Prices 110.50
Index Points
111 111 113 111 118
Export Prices 115.40
Index Points
117 117 117 117 117
Import Prices 117.50
Index Points
110 116 116 111 113
Food Inflation 1.40
percent
2.75 3.72 2.11 1.54 2.25
Inflation Rate Mom 0.50
percent
-0.04 0.13 0.09 0.1 0.1
Producer Prices Change 0.30
percent
2.8 2.62 2.7 2.23 2.5
CPI Transportation 101.20
Index Points
101 102 102 102 107
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate -0.65
percent
-0.65 -0.5 -0.5 -0.5 0.25
Interbank Rate -0.28
percent
-0.31 -0.16 -0.16 -0.16 0.59
Money Supply M0 61588.50
DKK Million
62004 62374 62135 62365 62335
Money Supply M1 1193219.00
DKK Million
1176164 1177106 1187230 1183138 1182051
Money Supply M2 1287470.00
DKK Million
1275658 1286485 1290950 1283203 1286268
Money Supply M3 1481779.00
DKK Million
1514600 1515186 1515388 1515459 1515496
Banks Balance Sheet 3738522.50
DKK Million
3791265 3815077 3790022 3814362 3791154
Foreign Exchange Reserves 467500.00
DKK Million
464818 464698 464695 464707 464704
Loans to Private Sector 353.88
DKK Billion
345 346 346 346 347
Private Debt to GDP 273.77
percent
275 275 275 276 279
Central Bank Balance Sheet 505.15
DKK Billion
504 507 505 504 505
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 5427.40
DKK Million
7500 9800 3400 9500 3500
Exports 57171.70
DKK Million
60000 62000 54000 68000 58000
Imports 51744.30
DKK Million
52500 52200 50600 58500 54500
Current Account 738.00
DKK Million
17500 18900 10600 5100 6200
Current Account to GDP 7.90
percent
6 6 6 5.9 5.6
External Debt 1947.00
DKK Million
1373 1199 1310 1483 2490
Terms of Trade 99.00
Index Points
106 101 101 105 103
Capital Flows 86.00
DKK Million
53.97 53.86 53.92 53.83 53.85
Gold Reserves 66.50
Tonnes
66.51 66.52 66.5 66.49 66.47
Crude Oil Production 128.00
BBL/D/1K
136 139 138 137 138
Weapons Sales 12.00
USD Million
12 12 12 12 12
Terrorism Index 1.51
1.35 1.34 1.33 1.15 0.17
Foreign Direct Investment 684.90
DKK Billion
679 696 713 717 747
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 36.40
percent
36 36 36 35.7 35.4
Government Budget 1.00
percent of GDP
0.5 0.5 0.5 1.2 1.8
Government Budget Value 6226.00
DKK Million
311 311 311 311 311
Government Spending 130631.00
DKK Million
130647 130989 134027 131926 140675
Government Spending to GDP 51.90
percent
51.5 51.5 51.5 51.1 51
Government Revenues 291600.00
DKK Million
275992 275992 275992 275992 275992
Government Debt 656.95
DKK Billion
665 665 665 665 666
Fiscal Expenditure 285374.00
DKK Million
275681 275681 275681 275681 275681
Military Expenditure 3700.51
USD Million
3472 3506 3540 3533 3539
Asylum Applications 230.00
persons
223 301 278 210 223
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 1.00
Index Points
1 1 3 4 -2
Industrial Production -9.80
percent
-0.53 -1.21 0.6 -0.2 1
Industrial Production Mom -0.20
percent
-0.25 -0.03 2.7 -0.07 3.3
Manufacturing Production -0.90
percent
1.53 0.82 1.33 1.09 1.15
Capacity Utilization 81.10
percent
80.99 81.31 81.59 81.63 81.28
New Orders 10.00
Index Points
14.25 14.29 14.29 14.29 14.29
Changes in Inventories 4935.00
DKK Million
5141 254 5032 360 4475
Bankruptcies 441.00
Companies
593 490 492 548 519
Car Registrations 18770.00
18060 17362 17861 17483 17655
Internet Speed 20105.69
KBps
22696 23200 23699 24194 29344
IP Addresses 2624652.00
IP
2631266 2629224 2633510 2633992 2633970
Manufacturing Pmi 53.25
62.64 61.13 59.86 58.92 56.23
Mining Production -15.50
percent
-8.32 -4.45 -9.29 -4.79 -6.85
Competitiveness Index 5.39
Points
5.37 5.37 5.37 5.37 5.37
Competitiveness Rank 12.00
12 12 12 12 12
Corporate Profits 244507.00
DKK Million
234257 237428 240599 240230 216519
Ease of Doing Business 3.00
3 3 3 3 3
Electricity Production 3268.00
Gigawatt-hour
1549 2714 3092 1813 1739
Corruption Index 88.00
Points
88 88 88 88 88
Corruption Rank 2.00
2 2 2 2 2
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence 7.10
Index Points
7.75 7.41 5.1 7.54 4.4
Retail Sales MoM 0.40
percent
0.24 0.11 0.16 0.14 0.15
Retail Sales YoY 1.80
percent
1.66 1.04 0.5 1.19 0.6
Consumer Spending 227012.00
DKK Million
229413 226933 232914 231203 244467
Disposable Personal Income 1055765.07
DKK Million
1073475 1079649 1085824 1093360 1206126
Personal Savings 7.54
percent
14.53 10.04 7.82 12.97 8.26
Consumer Credit 19034.00
DKK Million
19075 19085 19056 19019 18301
Gasoline Prices 1.96
USD/Liter
1.88 1.77 1.67 1.57 1.1
Households Debt To Gdp 116.80
percent of GDP
117 117 117 117 117
Households Debt To Income 243.95
percent
242 239 237 233 208
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Construction Output 5.30
percent
9.55 4.17 5.6 5.31 4.55
Housing Index 109.14
Index points
111 111 111 111 111
Home Ownership Rate 62.40
percent
62.4 62.4 62.4 62.4 62.4
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 22.00
percent
22 22 22 22 22
Personal Income Tax Rate 55.80
percent
55.8 55.8 55.8 56 56
Sales Tax Rate 25.00
percent
25 25 25 25 25
Social Security Rate 8.00
percent
8 8 8 8 8
Social Security Rate For Companies 0.00
percent
0 0 0 0 0
Social Security Rate For Employees 8.00
percent
8 8 8 8 8
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature -3.78
celsius
-12.58 -5.42 -24.88 -29.55 -18.49