Markets Actual Q1 Q2 Q3 Q4 2022
Currency 6.16 6.18 6.2 6.23 6.25 6.3
Stock Market (points) 1402.87 1404 1371 1338 1307 1244
Government Bond 10Y (%) -0.14 0.02 0.04 0.06 0.08 0.13

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 0.60 -0.3 1.3 1.7 1 0.7
GDP Annual Growth Rate (%) -2.60 0.7 6.8 4.8 2.9 1.7
Unemployment Rate (%) 4.40 6.5 6 6 5.1 4.6
Inflation Rate (%) 0.60 0.6 1.7 1.3 1.2 1.5
Interest Rate (%) -0.60 -0.6 -0.6 -0.6 -0.6 -0.6
Balance of Trade (DKK Million) 9670.00 9100 8700 10100 3500 14600
Current Account (DKK Million) 12732.00 500 17000 17000 15000 13000
Current Account to GDP (%) 7.90 6.8 6.8 6.8 6.8 7
Government Debt to GDP (%) 33.20 44.7 44.7 44.7 44.7 44.4
Government Budget (% of GDP) 3.70 -2.8 -2.8 -2.8 -2.8 -1.2
Business Confidence (points) -4.00 -7 -6 -4 -7 -4
Consumer Confidence (points) -5.20 -4.4 2 1.5 1 4
Retail Sales MoM (%) -5.00 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 Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 0.60 -0.3 1.3 1.7 1 0.7
GDP Annual Growth Rate (%) -2.60 0.7 6.8 4.8 2.9 1.7
GDP (USD Billion) 348.08 325 325 325 325 340
GDP Constant Prices (DKK Million) 527062.00 536838 529096 546304 536399 545518
Gross National Product (DKK Million) 550551.00 545568 545594 562709 552507 561900
Gross Fixed Capital Formation (DKK Million) 118891.00 118719 120279 121930 119719 121754
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 5649 6984 7008 6881 6998
GDP From Construction (DKK Million) 26879.00 23105 27417 24944 24492 24909
GDP From Manufacturing (DKK Million) 69051.00 70838 73286 69533 68272 69433
GDP From Mining (DKK Million) 3448.00 3948 4253 4191 4115 4185
GDP From Public Administration (DKK Million) 100088.00 98291 102812 103325 101452 103177
GDP From Transport (DKK Million) 90781.00 86412 85470 91243 89589 91112

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 4.40 6.5 6 6 5.1 4.6
Wages (DKK/Month) 42592.14 43200 43200 43200 44000 44000
Wages in Manufacturing (points) 147.00 155 155 155 155 155
Population (Million) 5.81 5.89 5.89 5.89 5.87 5.9
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 0.60 0.6 1.7 1.3 1.2 1.5
Consumer Price Index CPI (points) 103.60 104 105 105 105 106
Harmonised Consumer Prices (points) 103.00 103 104 104 104 106
Core Consumer Prices (points) 104.20 104 104 105 106 106
Core Inflation Rate (%) 1.10 1.1 1.1 1.1 1.5 1.5
Producer Prices (points) 103.90 104 101 103 115 105
Food Inflation (%) 0.30 2 2 2 2.2 2
Producer Prices Change (%) -1.30 0.3 0.5 0.9 1.3 1.3
CPI Transportation (points) 102.90 102 104 104 103 105

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) -0.60 -0.6 -0.6 -0.6 -0.6 -0.6
Interbank Rate (%) -0.22 0.38 -0.21 -0.21 0.88 0.88
Foreign Exchange Reserves (DKK Million) 429400.00 433360 433360 433360 443360 443360

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (DKK Million) 9670.00 9100 8700 10100 3500 14600
Current Account (DKK Million) 12732.00 500 17000 17000 15000 13000
Current Account to GDP (%) 7.90 6.8 6.8 6.8 6.8 7
Imports (DKK Million) 94602.00 95100 96400 96200 97000 100500
Exports (DKK Million) 104272.00 104200 105100 106300 104500 115100

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 33.20 44.7 44.7 44.7 44.7 44.4
Government Budget (% of GDP) 3.70 -2.8 -2.8 -2.8 -2.8 -1.2
Government Budget Value (DKK Million) -5195.00 -2033 -2033 -2033 -3320 -3320
Government Spending (DKK Million) 137289.00 131690 137431 136154 133686 135958
Government Spending to GDP (%) 49.60 53.9 53.9 53.9 53.9 52.6

Taxes Actual Q1 Q2 Q3 Q4 2022
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 Q1 Q2 Q3 Q4 2022
Business Confidence (points) -4.00 -7 -6 -4 -7 -4
Industrial Production (%) 2.50 1.5 1.5 16 7 7
Industrial Production Mom (%) 2.30 0.8 0.8 0.8 0.5 0.5
Manufacturing PMI (points) 40.80 55.2 55.5 55 55.3 54.3

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) -5.20 -4.4 2 1.5 1 4
Retail Sales MoM (%) -5.00 0.6 0.6 0.6 0.6 0.2
Retail Sales YoY (%) -7.60 3.5 1.5 2 2.8 2.8
Consumer Spending (DKK Million) 234772.00 235108 235708 241911 237525 241563
Disposable Personal Income (DKK Million) 1175218.46 1183445 1255133 1231629 1209300 1229858
Consumer Credit (DKK Billion) 443.37 466 484 474 460 468
Gasoline Prices (USD/Liter) 1.89 1.77 1.68 1.6 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.