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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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The economy of Denmark is dominated by the service sector with 80% of all jobs, whereas about 11% of all employees work in manufacturing and 2% in agriculture. The nominal Gross National Income per capita was the ninth-highest in the world at $68,827 in 2023.
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Combining the selection of indicators presented below provides a general view of the state of the Danish economy. What is the growth rate of the economy and how is it going with government finances and inflation? What is the situation of the labour market and the housing market?
- 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.
Denmark's economy in numbers: Nominal GDP of USD 400 billion in 2022. GDP per capita of USD 68,122 compared to the global average of USD 10,589. Average real GDP growth of 2% over the last decade.
Summary. Politics. Economy. Risk. Business. Industry. In brief. The red bloc won the November 2022 election, gaining a narrow majority. The leader of the Social Democrats, Mette Frederiksen, has formed a bipartisan government composed of the Social Democrats, the Liberal Party and the Moderates.
What is the GDP of Denmark? And is the consumer price index rising or falling? Find key indicators of the Danish economy here.
What is the Danish Gross Domestic Product (GDP) and what has the real growth been in recent years? Key figures for the national accounts show the main results for the Danish economy such as GDP, economic growth, balance of demand and supply, imports and exports, etc.
