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Service industries, trade, and manufacturing
- Denmark supports a high standard of living—its per capita gross national product is among the highest in the world—with well-developed social services. The economy is based primarily on service industries, trade, and manufacturing; only a tiny percentage of the population is engaged in agriculture and fishing. Small enterprises are dominant.
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Learn about the modern high-income and highly developed mixed economy of Denmark, dominated by the service sector and with a relatively equal income distribution. Find statistics, rankings, trade partners, and challenges of the Danish economy.
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- Overview
- Economy of Denmark
Denmark supports a high standard of living—its per capita gross national product is among the highest in the world—with well-developed social services. The economy is based primarily on service industries, trade, and manufacturing; only a tiny percentage of the population is engaged in agriculture and fishing. Small enterprises are dominant.
The first of the Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden) to do so, Denmark joined the European Economic Community (EEC; ultimately succeeded by the European Union [EU]) in 1973, at the same time as the United Kingdom, then its most important trading partner. Long-standing economic collaboration between Denmark and the other Nordic countries—including those that have not joined the EU—also continues today. Uniform commercial legislation in the Nordic countries dates to the 19th century.
Denmark supports a high standard of living—its per capita gross national product is among the highest in the world—with well-developed social services. The economy is based primarily on service industries, trade, and manufacturing; only a tiny percentage of the population is engaged in agriculture and fishing. Small enterprises are dominant.
The first of the Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden) to do so, Denmark joined the European Economic Community (EEC; ultimately succeeded by the European Union [EU]) in 1973, at the same time as the United Kingdom, then its most important trading partner. Long-standing economic collaboration between Denmark and the other Nordic countries—including those that have not joined the EU—also continues today. Uniform commercial legislation in the Nordic countries dates to the 19th century.
Find statistics on the current state and outlook of the Danish economy, including growth, inflation, employment, trade, housing, and green targets. Explore the graphs and indicators by clicking the links.
Get the latest forecasts and insights on Denmark's economy, politics and business environment. Learn how the red bloc government, the COVID-19 pandemic and the global trade tensions affect Denmark's GDP growth and trade performance.
Find the latest data on GDP (current US$) for Denmark from 1960 to 2023, based on World Bank and OECD sources. Compare Denmark with other countries and economies using various indicators and charts.
Jun 23, 2021 · The Danish economy is projected to grow by 3.3 per cent in 2021 and by 3.7 per cent and 2.2 per cent in 2022 and 2023, respectively. The Nationalbank expects private consumption and exports to drive growth, but also warns of housing market risks and recommends fiscal and structural policy adjustments.
Find out the latest data on the Danish economy, such as GDP, growth, balance of demand and supply, imports and exports, etc. Explore the statistics, documentation, sources and method of the national accounts.
