Denmark
Everything Palanor holds about Denmark, in one place: 205 public signals, what its economy runs on, how often America’s largest companies name it, the news that names it, and Country Posture. Every figure is computed from stored readings and carries its source and date.
EuropeEuropean UnionOECD
The latest read
- GDP in current U.S. dollars: $462.5 billion (2025); record high since 1960; 1y +9.0%.
- Real GDP growth: 2.93% (2025); 59th percentile since 1961; 1y −0.55 pts.
- Consumer price inflation: 1.89% (2025); 27th percentile since 1960; 1y +0.51 pts.
- Unemployment: 5.53% (2025); 53rd percentile since 1991; highest since 2020; 1y +0.17 pts.
- Household consumption, share of GDP: 43.7% of GDP (2025); 6th percentile since 1990; 1y +0.06 pts.
- Net exports, share of GDP: 11% of GDP (2025); record high since 1990; 1y +0.77 pts.
Country Posture
What Denmark’s economy is doing
Momentum
2025Inputs only. Did not pass the pre-registered back-test: 1996–2009: AUC 0.590 below 0.60; AUC 0.590 below the single-input baseline (0.624); 2010–2022: AUC 0.595 below 0.60; AUC 0.595 below the single-input baseline (0.641).
Inputs
| Real GDP growth | 2.9 |
| Growth against its three-year average | 1.4 |
| Change in unemployment | 0.2 |
| Change in the employment rate | -0.2 |
| Export volume growth | — |
| OECD leading indicator | — |
Resilience
202579Deep buffers
0 = thin buffers · 100 = deep buffers
Moved most by reserves, months of imports (up) and governance (wgi mean) (down) since the year before.
Inputs
| Interest as a share of revenue (2024) | 1.4 | 88 |
| Budget balance (2024) | 4.2 | 90 |
| Reserves, months of imports | 4.9 | 68 |
| Current account | 12.6 | 95 |
| Governance (WGI mean) | 1.75 | 60 |
| External debt | — | — |
Pressure
2025Inputs only. Did not pass the pre-registered back-test: 1996–2009: AUC 0.657 below the single-input baseline (0.672).
Inputs
| Inflation | 1.9 |
| Change in inflation | 0.5 |
| Currency move against the dollar | -4.0% |
| Conflict deaths per million | 0.0 |
| Political stability | 0.79 |
| Private credit, three-year change (2024) | -11.2 |
| Bond spread over U.S. Treasuries | -1.8 |
Posture describes what an economy is doing; it is not a rating and never ranks countries. Each input is read against the country’s own history and against every other economy that year. An axis shows a score only after passing a back-test fixed before any result was computed. Method and back-test.
Country Schemas
Where Denmark is in its cycles
Where Denmark sits in eight long cycles, each read from published statistics against a method fixed before any reading was computed. A stage describes; it is not a rating, and no stage is better or worse than another.
- Development stage
High mass consumption100% · 2025
Pre-take-offTake-offDrive to maturityHigh mass consumption20002025
- Demographic stage
Declining51% · 2025
High stationaryEarly expandingLate expandingLow stationaryDeclining20002025
- Debt cycle stage
Deleveraging60% · 2025
Early cycleLeveragingLate cycleDeleveraging20002025
- External balance stage
Mature creditor50% · 2025
Immature debtorMature debtorDebt repayerImmature creditorMature creditorCredit disinvestor20002025
- Export structure stage
Complex exporter62% · 2025
Commodity-reliantDiversifyingManufacturing exporterComplex exporter20002025
- Structural pressure
Low91% · 2025
LowBuildingHighAcute20002025
- Middle-class stage
Affluent99% · 2025
Pre-middle-classEmerging middle classMiddle-class majorityAffluent20002025
- Electoral cycle
Post-election99% · 2026-10
Post-electionMid-termPre-election2022-122026-10
Passport reach
Where a Denmark passport opens doors
The share of world GDP, outside Denmark itself, in the economies whose published rules let a holder of this passport in, as of October 2026. Palanor records the rules of destinations holding 88% of world GDP, from each government’s own list, and weights them by World Bank GDP for 2025. Rank is among 199 passports.
Work
36.6%rank 6 of 199
the right to work (free movement in full; treaty and working-holiday routes at half); 30 destinations in full, 6 at half.
Recorded changes
Reach is shown here and not weighted into Country Strength: it rewards membership of a free-movement area or a treaty more than the strength of an economy. Entry is always at the border officer’s discretion, and conditions (length of stay, fees, age limits) vary. Method, sources and the full ranking: Passports and citizenship.
Palanor calculation from each destination government's published rules; GDP weights from the World Bank (CC BY 4.0), one year for the whole line, so it moves only when a list changes.
GDP by expenditure
What Denmark’s economy runs on
In 2025, household spending was 43.6% of GDP, government consumption 23.2%, investment 22.1% and net exports +11.0% (exports 70.1%, imports 59.1%).
World Bank national accounts. The parts can miss 100 by a few points (the statistical discrepancy).
Same World Bank definition for every country, so the shares compare directly: What each economy runs on.
IMF World Economic Outlook
The IMF’s outlook for Denmark
The latest year before the October 2026 edition (often still an IMF estimate) and the IMF’s own projections. These are the IMF’s published forecasts, shown as published; Palanor does not project them further. Since the previous edition the IMF raised its growth forecast for this year by 1.7 percentage points (Palanor calculation).
| Measure | 2025 | 2026 IMF f’cast | 2027 IMF f’cast | 2031 IMF f’cast |
|---|---|---|---|---|
| Real GDP growth% | 3.5 | 3.7 | 2.0 | 1.5 |
| Inflation, average consumer prices% | 1.8 | 1.8 | 2.5 | 2.0 |
| Unemployment rate% of labor force | 2.9 | 3.0 | 3.1 | 3.1 |
| GDP, current US dollarsUS$ bn | 470.9 | 499.4 | 520.4 | 609.6 |
| GDP at purchasing-power parityintl $ bn | 523.2 | 560.7 | 590.1 | 677.8 |
| GDP per person, US dollarsUS$ | 78,587 | 82,714 | 85,536 | 97,385 |
| Current account balance% of GDP | 12.3 | 11.2 | 10.3 | 10.1 |
| Government gross debt% of GDP | 27.4 | 26.4 | 26.4 | 26.3 |
| Government net debt% of GDP | -5.8 | -6.9 | -6.6 | -5.0 |
| Government overall balance% of GDP | 2.9 | 1.2 | 0.0 | -0.4 |
| Government primary balance% of GDP | 2.3 | 0.7 | -0.6 | -1.0 |
| Government net interest paid% of GDP · Palanor calc. | -0.6 | -0.5 | -0.6 | -0.6 |
Source: IMF World Economic Outlook Database (edition on the projection). Dashed: the IMF's published projection.
Source: IMF World Economic Outlook Database (edition on the projection). Dashed: the IMF's published projection.
Source: IMF World Economic Outlook Database, October 2026. Provided by the IMF “as is” and free of charge from the IMF; the IMF does not endorse Palanor. Net interest paid is a Palanor calculation: the IMF's primary balance minus its overall balance.
Charts
The headline series
News
In the news
- Trump Announces Greenland Oil, Gas and Mineral Exploration
Trump said exploration of Greenland's energy and mineral resources will begin soon after the U.S., Denmark and Greenland signed a defense agreement.
Palanor Wire2026-10-14neutral
- Hackers steal 8.8M records from Danish government
A cyberattack exposed personal data of millions of people from Denmark's national registry.
Palanor Wire2026-10-05neutral
- Ukraine's Fire Point gets $113 million state loan guarantee in Denmark reut.rs/4hZ5WaW
Reuters · Bluesky2026-10-21neutral
- Brooke Black says moving to Denmark from the U.S. didn't cure her workaholism. It took her years to learn that rest and ambition were not mutually exclusive.
CNBC · Bluesky2026-10-15neutral
- Brooke Black says moving to Denmark from the U.S. didn't cure her workaholism. It took her years to learn that rest and ambition were not mutually exclusive.
CNBC · Bluesky2026-10-11neutral
- Brooke Black says moving to Denmark from the U.S. didn't cure her workaholism. It took her years to learn that rest and ambition were not mutually exclusive.
CNBC · Bluesky2026-10-06neutral
- Hackers get personal info on 8.8M people in Denmark govt data leak — ministry
Marketaux (financial news API)2026-10-05neutral
- With Denmark, Saildrone logs first flag registration for naval surveillance drone
Defense News2026-09-24neutral
Headlines that name Denmark, matched by name with fixed rules (a wrong match is worse than a missing one). Tone is read from each headline’s own words; no model reads or summarizes an article, and other publishers’ stories link out.
Company graph
Companies headquartered in Denmark
Palanor’s company graph holds 207 entities headquartered here, 2 with a listed ticker (GLEIF headquarters address, else legal address).
- Lunai Bioworks Inc.LNAI · Wilmington
- Ascendis Pharma A/SASND · Hellerup
Signals
Every series about Denmark
Grouped by theme, the most-read first. All 205 in the Library.
Growth and output10 of 58
- Population, Historical (Maddison): Denmarkrecord high since 1; 1y +0.9%5,907,100 people2022
- GDP per Person, Historical (Maddison): Denmarkrecord high since 1820; 1y +2.9%50,6902022
- GDP, Historical (Maddison): Denmarkrecord high since 1820; 1y +3.8%299.42022
- Denmark · GDP · USD bn (current)record high since 1960; 1y +9.0%$462.5bn2025
- Denmark · Real GDP Growth · % y/y59th percentile since 1961; 1y −0.55 pts2.93%2025
- Denmark · Agriculture, Forestry and Fishing Value Added · % of GDP19th percentile since 1966; highest since 2020; 1y +0.242 pts1.17% of GDP2025
- Denmark · Industry (incl. Construction) Value Added · % of GDP84th percentile since 1966; highest since 1974; 1y +0.699 pts24.8% of GDP2025
- Denmark · Manufacturing Value Added · % of GDPrecord high since 1966; 1y +0.879 pts18.7% of GDP2025
- Denmark · Services Value Added · % of GDP71st percentile since 1966; lowest since 2008; 1y −0.889 pts62.7% of GDP2025
- Denmark · Country Strength96th percentile since 1990; highest since 2021; 1y +13.6%81.8 index2025
Prices4 of 6
- Denmark Consumer Price Index (OECD)99th percentile since Jan 2010; 1y +2.2%124.2 index2026-09-01
- Denmark Inflation Rate (CPI, % y/y, OECD)74th percentile since Jan 2011; highest since Sep 2025; 1y −0.06 pts2.18% y/y2026-09-01
- Denmark Purchasing Power Since 2019 (100 = January 2019)2nd percentile since Jan 2019; 1y −2.1%82.32026-09-01
- Denmark · Inflation · CPI % y/y27th percentile since 1960; 1y +0.51 pts1.89%2025
Jobs and people at work7 of 8
- Denmark · Unemployment Rate (OECD Harmonised, Monthly)51st percentile since Jan 1983; lowest since May 2025; 1y −0.6 pts5.9% of labour force2026-08-01
- Denmark Unemployment Rate (Monthly, Eurostat)60th percentile since Jan 2000; lowest since May 2025; 1y −0.6 pts5.9%2026-08-01
- Denmark — Avg annual hours worked per worker3rd percentile since 1950; lowest since 2020; 1y −0.4%1,379.9 hours/year2023-06-30
- Average annual hours worked · Denmark4th percentile since 1990; lowest since 2020; 1y −0.2%1,369.3 hours2025
- Denmark · Female Labor Force Participation · %79th percentile since 1990; 1y −0.11 pts60.8%2025
- Denmark · Male Labor Force Participation · %40th percentile since 1990; 1y −0.11 pts69.2%2025
- Denmark · Unemployment Rate · %53rd percentile since 1991; highest since 2020; 1y +0.17 pts5.53%2025
Money, rates and credit3 of 4
- Denmark · Central Bank Policy Rate (IMF)20th percentile since Jan 1957; 1y −0.5 pts1.6%2026-03-01
- Denmark 10-Year Government Bond Yield (Monthly)39th percentile since Jan 1987; highest since Oct 2023; 1y +0.459 pts3.01%2026-08-01
- Danmarks Nationalbank Total Assets · % of Denmark GDP61st percentile since Jan 1987; 1y −0.482 pts23.3% of GDP2026-04-01
Stock market and listed companies2
- Denmark Share Prices (OECD, 2015 = 100)91st percentile since Jan 1983; 1y +4.3%177.32026-09-01
- Denmark Share Prices, Change Over a Year (OECD)40th percentile since Jan 1984; 1y +37.85 pts4.31% y/y2026-09-01
Government and debt10 of 19
- Denmark · Budget Balance · % GDP (central govt)92nd percentile since 1972; highest since 2007; 1y +28.4%4.2 pct_gdp2024
- Denmark · Interest · % of Revenue (central govt)12th percentile since 1972; 1y +0.2 pts1.44%2024
- Denmark · Interest · % of Expense (central govt)5th percentile since 1972; 1y −0.41 pts1.39%2023
- Denmark · Public Social Spending: Total (% of GDP)70th percentile since 1980; highest since 2021; 1y +0.11 pts26.4% of GDP2024
- Denmark · Public Social Spending: Family (% of GDP)21st percentile since 1980; lowest since 1989; 1y −0.25 pts3.15% of GDP2021
- Denmark · Public Social Spending: Health and Disability (% of GDP)82nd percentile since 1980; highest since 2015; 1y +0.03 pts12.3% of GDP2021
- Denmark · Public Social Spending: Old Age and Survivors (% of GDP)73rd percentile since 1980; lowest since 2011; 1y −0.79 pts9.28% of GDP2021
- Denmark · Public Social Spending: Other Social Policy (% of GDP)50th percentile since 1980; lowest since 2009; 1y −0.47 pts3.37% of GDP2021
- Denmark · Public Social Spending: Unemployment (% of GDP)93rd percentile since 1980; highest since 1996; 1y +0.01 pts0.01% of GDP2021
- Denmark · 10-Year Government Bond Yield · annual avg35th percentile since 1990; 1y +0.166 pts2.47%2025
Trade and capital flows6 of 7
- Denmark's Share of Foreign-Held U.S. Equities · %76th percentile since Sep 2011; lowest since May 2025; 1y −0.017 pts1.35% of foreign holdings2026-08-01
- U.S. Equities Held in Denmark · USD bn99th percentile since Sep 2011; 1y +21.4%339.7 $ billions2026-08-01
- Denmark · Current Account · % GDPrecord high since 1975; 1y +9.9%12.6 pct_gdp2025
- Denmark · Net International Investment Position, % of GDP (IMF)record high since 1991; 1y +41.42 pts102% of GDP2025
- Denmark · Tourism Intensity: Nights per Resident (annual)record high since 1990; 1y +2.3%6.832025
- Denmark · International Tourist Arrivalsrecord low since 2003; 1y −52.9%15,595,000 arrivals2020
Energy and resources4 of 8
- Denmark · Business Electricity Price (incl. taxes) · € per kWhrecord low since Jul 2007; 1y −40.5%0.16 € per kWh2026-01-01
- Denmark · Household Electricity Price (incl. taxes) · € per kWhrecord low since Jul 2007; 1y −31.9%0.24 € per kWh2026-01-01
- Denmark · Wind and Solar Share of Electricity Generationrecord high since 2000; 1y +2.93 pts72.1% of generation2025
- Denmark · Electric Car Share of New Car Salesrecord high since 2011; 1y +15.00 pts71% of new car sales2025
Conflict and geopolitics4 of 10
- Denmark · Governance · WGI six-dimension mean20th percentile since 1996; lowest since 2017; 1y −0.3%1.75 index2025
- Denmark · Political Stability · WGIrecord low since 1996; 1y −2.6%0.79 index2025
- Denmark · Regulatory Quality · WGI13th percentile since 1996; lowest since 2014; 1y −6.0%1.7 index2025
- Denmark · Rule of Law · WGIrecord high since 1996; 1y +1.7%2.01 index2025
Aid in and out2
- Denmark · Foreign Aid (Official Development Assistance) · US$ billionsrecord high since 2015; 1y +8.5%3.43 US$ billions2025
- Denmark · ODA as % of GNI56th percentile since 2018; 1y unchanged0.72% of GNI2025
Migration4 of 6
- International Migrant Stock: Denmark (UN)record high since 1990847,475 people2024
- International Migrants as a Share of Population: Denmark (UN)record high since 199014.2% of population2024
- U.S.-Born People Living in Denmark (UN)record high since 199016,584 people2024
- Change in Migrant Share of Population Since 2000: Denmark (UN)7.212024
AI stance and technology6 of 7
- Denmark · R&D Spending · % of GDPrecord high since 1981; 1y +0.08 pts3.15% of GDP2024
- Denmark · R&D Spending per Person · € per inhabitantrecord high since 1981; 1y +9.3%2,114.62024
- Denmark · R&D Spending · % of GDP91st percentile since 1996; highest since 2016; 1y +0.181 pts3.05% of GDP2023
- Global Innovation Index Rank: Denmark1y unchanged9 rank2026
- Global Innovation Index Score: Denmarkhighest since 2023; 1y +1.4%57.7 score (0–100)2026
- AI User Share: Denmark (Microsoft AI Diffusion)1y +5.80 pts32.4% of people aged 15-642026-06-30
Climate and the physical world4
- Denmark · Arable Land · % of land20th percentile since 1961; lowest since 2015; 1y −0.28 pts58.9% of land area2024
- Denmark · Renewable Freshwater · m³ per personrecord low since 1961; 1y −0.8%1,0162022
- Denmark · Forest Area · % of landrecord high since 1990; 1y +0.04 pts16%2024
- Denmark · PM2.5 Exposure · µg/m³record low since 1990; 1y −5.5%8.89 µg/m³2020
Health and living standards10 of 13
- Denmark · Life Expectancy at Birth · yearsrecord high since 1960; 1y +0.6%82.3 years2024
- Denmark · Access to Electricity · % of populationrecord high since 1990; 1y unchanged100%2024
- Denmark · Human Development Index · UNDPrecord high since 1990; 1y +0.3%0.96 index2023
- Denmark · Antidepressants: Daily Doses per 1,000 Peoplerecord high since 1997; 1y +4.3%96.22024
- Denmark · Anxiolytics (Anti-Anxiety Drugs): Daily Doses per 1,000 Peoplerecord low since 1997; 1y −9.1%42024
- Denmark · Sleeping Pills (Hypnotics and Sedatives): Daily Doses per 1,000 People61st percentile since 1997; highest since 2007; 1y +9.9%28.82024
- Denmark · Basic Drinking Water Access · % of populationrecord high since 2000; 1y unchanged100%2024
- Denmark · Extreme Poverty ($3.00 a day) · % of population84th percentile since 1987; highest since 2009; 1y +0.2 pts0.4%2023
- Denmark · Safely Managed Drinking Water · % of populationrecord high since 2000; 1y unchanged99.9%2024
- Denmark · Undernourishment · % of populationrecord high since 2001; 1y unchanged2.5%2024
Sentiment and attention1
- Denmark · Search Attentionrecord low since Sep 2021; 1y unchanged0 index2026-09-20
Peers
Elsewhere in Europe
Alphabetical. Palanor does not rank countries.
AlbaniaAndorraAustriaBelarusBelgiumBosnia and HerzegovinaBulgariaCroatiaCzechiaEstoniaFaroe IslandsFinlandFranceGermanyGibraltarGreeceGuernseyHungaryIcelandIrelandIsle of ManItalyJerseyKosovoLatviaLiechtensteinLithuaniaLuxembourgMaltaMoldovaMonacoMontenegroNetherlandsNorth MacedoniaNorwayPolandPortugalRomaniaRussiaSan MarinoSerbiaSlovakiaSloveniaSpainSwedenSwitzerlandUkraineUnited KingdomVatican City