Markets Actual Q4 Q1 Q2 Q3 2022
Currency 6.40 6.44 6.47 6.5 6.53 6.59
Stock Market (points) 1804.43 1712 1662 1614 1567 1478
Government Bond 10Y (%) 0.19 0.13 0.14 0.16 0.17 0.21

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.80 1 0.8 0.7 0.8 0.7
GDP Annual Growth Rate (%) 9.80 2.9 3.6 3.7 3.3 3.2
Unemployment Rate (%) 3.60 3.9 3.9 4.1 4 4.1
Inflation Rate (%) 2.20 1.4 1.3 1.2 1.2 1.5
Interest Rate (%) -0.60 -0.5 -0.5 -0.5 -0.5 -0.5
Balance of Trade (DKK Million) 11040.30 4800 7000 5300 5300 3200
Current Account (DKK Million) 14300.00 15000 15000 16500 16500 13000
Current Account to GDP (% of GDP) 7.80 8.1 7.9 7.9 7.9 7.9
Government Debt to GDP (% of GDP) 42.20 41 39.1 39.1 39.1 39.1
Government Budget (% of GDP) -3.50 -1.6 -1 -1 -1 -1
Business Confidence (points) 3.00 1 -2 -2 -2 -1
Consumer Confidence (points) 3.30 1 2 2.2 2.2 1.8
Retail Sales MoM (%) -0.50 0.4 0.4 0.1 0.1 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 Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.80 1 0.8 0.7 0.8 0.7
GDP Annual Growth Rate (%) 9.80 2.9 3.6 3.7 3.3 3.2
GDP (USD Billion) 352.43 325 325 325 325 340
GDP Constant Prices (DKK Million) 540134.00 542663 548369 547258 560119 565916
Gross National Product (DKK Million) 558334.00 557152 572774 565123 578992 591103
Gross Fixed Capital Formation (DKK Million) 126713.00 112680 130787 126607 131401 134972
GDP per capita (USD) 63880.09 63500 63500 63500 63500 64200
GDP per capita PPP (USD) 55938.21 56500 56500 56500 56500 57200
GDP From Agriculture (DKK Million) 6823.00 5915 5867 6334 7075 6055
GDP From Construction (DKK Million) 26463.00 27472 28066 24152 27442 28964
GDP From Manufacturing (DKK Million) 78599.00 68027 74009 78202 81507 76377
GDP From Mining (DKK Million) 3351.00 6533 2876 2602 3475 2968
GDP From Public Administration (DKK Million) 99884.00 103159 100591 99896 103580 103810
GDP From Transport (DKK Million) 91061.00 97448 95421 83941 94430 98475

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 3.60 3.9 3.9 4.1 4 4.1
Wages (DKK/Month) 42592.14 44000 44000 44000 44000 44000
Wages in Manufacturing (points) 151.80 155 155 155 155 155
Population (Million) 5.82 5.85 5.85 5.87 5.87 5.87
Retirement Age Women 66.50 66.5 67 67 67 67
Retirement Age Men 66.50 66.5 67 67 67 67

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 2.20 1.4 1.3 1.2 1.2 1.5
Consumer Price Index CPI (points) 105.80 105 106 106 107 106
Harmonised Consumer Prices (points) 105.40 108 105 106 107 106
Core Consumer Prices (points) 105.60 106 107 107 108 108
Core Inflation Rate (%) 1.30 1.5 2.2 1.9 2 2
Producer Prices (points) 122.20 108 112 117 125 110
Food Inflation (%) 1.50 2 2.5 2.4 2.4 2.8
Producer Prices Change (%) 3.20 5.1 5.1 3.9 2.4 1.7
CPI Transportation (points) 107.30 107 107 108 108 108

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) -0.60 -0.5 -0.5 -0.5 -0.5 -0.5
Interbank Rate (%) -0.27 -0.17 -0.17 -0.17 -0.17 -0.17
Foreign Exchange Reserves (DKK Million) 501700.00 461100 462500 46300 46300 46280

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (DKK Million) 11040.30 4800 7000 5300 5300 3200
Current Account (DKK Million) 14300.00 15000 15000 16500 16500 13000
Current Account to GDP (% of GDP) 7.80 8.1 7.9 7.9 7.9 7.9
Imports (DKK Million) 106889.80 110200 110000 110200 110200 113000
Exports (DKK Million) 117930.10 115000 117000 115500 115500 116200

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 42.20 41 39.1 39.1 39.1 39.1
Government Budget (% of GDP) -3.50 -1.6 -1 -1 -1 -1
Government Spending (DKK Million) 135350.00 137705 138350 136737 140358 142777
Government Spending to GDP (% of GDP) 54.00 53.9 53.9 53.9 53.9 52.6

Taxes Actual Q4 Q1 Q2 Q3 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 8 8 8 0 0
Social Security Rate For Companies (%) 0.00 0 0 0 0 0
Social Security Rate For Employees (%) 0.00 8 8 8 0 0

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) 3.00 1 -2 -2 -2 -1
Industrial Production (%) 15.50 2.1 3.3 2.6 2.6 1.5
Industrial Production Mom (%) 5.00 0.5 0.4 0.3 0.3 0.4
Manufacturing PMI (points) 65.20 59 55 56 56 54

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 3.30 1 2 2.2 2.2 1.8
Retail Sales MoM (%) -0.50 0.4 0.4 0.1 0.1 0.2
Retail Sales YoY (%) 4.00 4.5 -3.2 2.1 2.5 2.8
Consumer Spending (DKK Million) 240453.00 245192 250073 238660 249350 258075
Disposable Personal Income (DKK Million) 1172507.28 1152082 1206510 1214718 1215890 1245118
Consumer Credit (DKK Billion) 442.04 460 463 462 457 475
Gasoline Prices (USD/Liter) 2.10 2 1.9 1.8 1.71 1.62


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.