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Economy of Denmark

Population: 5.6 million in 2013¹

GDP: $331 billion in 2013²

GDP per capita: $59,832 nominal³ ($42,764 PPP⁴) in 2013

GDP growth rate: -0.5% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ billions) 2012	Percent of total
Other activities	152	52.8%
Wholesale, retail trade, restaurants and hotels	44	15.3%
Manufacturing	31	10.8%
Transport, storage and communication	24	8.5%
Mining and utilities	18	6.3%
Construction	14	4.8%
Agriculture, hunting, forestry, fishing	4	1.4%
Total value added	287	100%

Employment

Unemployment rate: 7.0% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Human health and social work	496	18.5%
Wholesale trade, retail trade and repair of motor vehicles	380	14.2%
Manufacturing	325	12.1%
Education	249	9.3%
Public administration and defence	160	5.9%
Construction	159	5.9%
Professional, scientific and technical	134	5.0%
Transportation and storage	126	4.7%
Information and communication	111	4.1%
Accommodation and food service	100	3.7%
Administrative and support service	93	3.5%
Finance and insurance	78	2.9%
Other service	70	2.6%
Agriculture, forestry and fishing	68	2.5%
Arts, entertainment and recreation	62	2.3%
Real estate	24	0.9%
Water supply, sewerage and waste management	16	0.6%
Electricity, gas, steam and air conditioning	16	0.6%
Not elsewhere classified	6	0.2%
Activities of households as employers	6	0.2%
Mining and quarrying	6	0.2%
Extraterritorial organizations and bodies	2	0.1%
Total employment	2,688	100%

Corporations

Top 1 Corporations by Revenue 2013* ⁹

Rank	Corporation	Revenue ($ billions) 2013	Profit ($ billions) 2013	Assets ($ billions) 12/31/13	Industry
1	A.P. Moller-Maersk Group	40	3.2	61	Diversified

* Corporate data calculated using the exchange rate 6.63 DKK = 1 USD

Households

Household Wealth: $1.2 trillion (371% of GDP) in 2014¹⁰

Household Wealth per Adult: $292,984 in 2014¹⁰

Gini Coefficient: .25 in 2011 ¹¹

Government

Central Government

Central Government Revenue: $181 billion (55% of GDP) in 2013¹²

Central Government Revenue: $190 billion (57% of GDP) in 2013¹²

Central Government Budget Balance: -$9 billion (-2% of GDP) in 2013¹²

Central Government Public Debt: $126 billion (38% of GDP) in Q3 2014* ¹³

Central Government 10 Year Bond Interest Rate: 0.44% on Jan 26, 2015¹⁴

* Public debt was calculated using the exchange rate 6.63 DKK = 1 USD

Government Funds

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* ¹⁵

5.83%: $0-$63,499
20.83%: $63,499+

Corporate Tax Rate: 24% in 2014¹⁶

* Individual thresholds calculated using the exchange rate 6.63 DKK = 1 USD

Monetary Policy

Money Supply (M0): $42 billion (12% of GDP) in Dec 2014* ¹⁷

Benchmark Interest Rate: Certificates of deposit rate = -0.35% on Jan 23, 2015¹⁸

Total Reserves: $89 billion in 2013 (25% of GDP)¹⁹

Exchange Rate: 6.63 Danish Krones = 1 U.S. Dollar on Jan 26, 2015²⁰

Inflation: 0.8% in 2013²¹

* Money Supply calculated using the exchange rate 6.63 DKK = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²²

N/A (data not available at Relbanks.com)

International Accounts

Exports: $106 billion (30% of GDP) in 2013²³

Imports: $98 billion (28% of GDP) in 2013²³

Trade Balance: -$8 billion (-2% of GDP) in 2013²³

Foreign Direct Investment Inflow: $1.5 billion (0.4% of GDP) in 2013²⁴

Foreign Direct Investment Outflow: $10.7 billion (3% of GDP) in 2013²⁴

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $2.8 billion (0.8% of GDP) in 2013²⁵

References