Markets Actual Q3 Q4 Q1 Q2 2023
Currency 7.41 7.34 7.44 7.54 7.63 7.84
Stock Market (points) 1728.45 1656 1591 1528 1468 1355
Government Bond 10Y (%) 1.57 1.44 1.58 1.74 1.92 2.32

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.70 0.1 0.3 0.5 0.8 0.6
GDP Annual Growth Rate (%) 6.20 2 -0.8 0.7 2 2.9
Unemployment Rate (%) 2.50 4.5 4.7 4.7 4.5 4.3
Inflation Rate (%) 8.70 7.6 5.5 3.9 2 2
Interest Rate (%) -0.10 -0.4 -0.4 -0.3 -0.3 -0.3
Balance of Trade (DKK Million) 24040.00 11900 11900 11900 12020 12500
Current Account (DKK Million) 28600.00 14500 14000 12900 13800 14000
Current Account to GDP (% of GDP) 8.80 7.9 7.9 7.5 7.5 7.5
Government Debt to GDP (% of GDP) 36.70 39.1 39.1 38.7 38.7 38.7
Government Budget (% of GDP) 2.30 0.7 0.7 0.5 0.5 0.5
Business Confidence (points) -9.00 -5 1 1.3 1.5 1.6
Consumer Confidence (points) -25.60 -2.2 1.8 2 1.8 1.5
Retail Sales MoM (%) -3.20 0.1 0.1 0.1 0.3 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 Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.70 0.1 0.3 0.5 0.8 0.6
GDP Annual Growth Rate (%) 6.20 2 -0.8 0.7 2 2.9
GDP (USD Billion) 397.10 325 340 340 340 340
GDP Constant Prices (DKK Million) 565725.00 557418 557843 550633 569685 566602
Gross National Product (DKK Million) 577737.00 576201 583691 579518 581781 596324
Gross Fixed Capital Formation (DKK Million) 129784.00 130768 127938 120284 130692 123772
GDP per Capita (USD) 58585.51 63500 64200 64200 64200 64200
GDP per Capita PPP (USD) 58187.04 56500 57200 57200 57200 57200
GDP from Agriculture (DKK Million) 5906.00 7041 6632 6080 5947 6256
GDP from Construction (DKK Million) 25220.00 27310 25747 26618 25397 27390
GDP from Manufacturing (DKK Million) 82878.00 81114 79038 81327 83458 83686
GDP from Mining (DKK Million) 2751.00 3458 3367 2766 2770 2846
GDP from Public Administration (DKK Million) 98995.00 103080 98877 99851 99688 102746
GDP from Transport (DKK Million) 90649.00 93975 92923 98461 91284 101316

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 2.50 4.5 4.7 4.7 4.5 4.3
Wages (DKK/Month) 43576.98 44000 44000 44000 44000 44000
Wages in Manufacturing (points) 151.20 155 155 155 155 155
Population (Million) 5.84 5.87 5.87 5.87 5.87 5.87
Retirement Age Women 66.50 67 67 67 67 67
Retirement Age Men 66.50 67 67 67 67 67

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 8.70 7.6 5.5 3.9 2 2
Consumer Price Index CPI (points) 114.90 114 112 114 116 115
Harmonised Consumer Prices (points) 115.70 113 112 114 116 114
Core Consumer Prices (points) 111.40 108 108 110 116 108
Core Inflation Rate (%) 5.49 2 2 2 2 0.7
Producer Prices (points) 152.10 125 139 146 155 142
Food Inflation (%) 14.60 2.4 2.8 2.8 2.8 2.5
Inflation Rate MoM (%) 1.10 0.3 0.1 0.2 0.2 0.2
Producer Prices Change (%) 13.20 2.4 1.7 1.7 1.7 1.8
CPI Transportation (points) 121.70 122 122 122 123 123

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) -0.10 -0.4 -0.4 -0.3 -0.3 -0.3
Interbank Rate (%) 0.66 0.36 0.36 0.46 0.46 0.46
Foreign Exchange Reserves (DKK Million) 533366.00 535000 46280 46280 46280 46350

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (DKK Million) 24040.00 11900 11900 11900 12020 12500
Current Account (DKK Million) 28600.00 14500 14000 12900 13800 14000
Current Account to GDP (% of GDP) 8.80 7.9 7.9 7.5 7.5 7.5
Imports (DKK Million) 135981.50 111600 112300 112300 112380 114000
Exports (DKK Million) 160021.50 123500 124200 124200 124400 126500

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 36.70 39.1 39.1 38.7 38.7 38.7
Government Budget (% of GDP) 2.30 0.7 0.7 0.5 0.5 0.5
Government Spending (DKK Million) 132622.00 139681 134896 135389 133550 139315
Government Spending to GDP (% of GDP) 51.00 53.9 52.6 52.6 52.6 52.6

Taxes Actual Q3 Q4 Q1 Q2 2023
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 Q3 Q4 Q1 Q2 2023
Business Confidence (points) -9.00 -5 1 1.3 1.5 1.6
Industrial Production (%) 23.00 2.6 1.5 1.5 1.5 1.5
Industrial Production Mom (%) 1.80 0.3 0.4 0.4 0.4 0.2
Manufacturing PMI (points) 38.00 58.2 58 58 58 55

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) -25.60 -2.2 1.8 2 1.8 1.5
Retail Sales MoM (%) -3.20 0.1 0.1 0.1 0.3 0.2
Retail Sales YoY (%) -9.00 2.5 2.5 2.5 2.5 2.8
Consumer Spending (DKK Million) 248850.00 248147 258008 244532 250592 251623
Disposable Personal Income (DKK Million) 1233034.86 1272492 1257696 1223171 1241666 1258643
Consumer Credit (DKK Billion) 456.11 457 440 451 465 453
Gasoline Prices (USD/Liter) 2.21 2.29 2.38 2.47 2.56 2.56


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Denmark Forecast - was last updated on Saturday, August 20, 2022.