Denmark

Description of Denmark

As a key player in the European Union and a significant force in the global economy, Denmark stands out as a country with a rich history, a strong commitment to innovation, and a unique approach to governance. Known for its high quality of life, excellent healthcare system, and sustainable practices, Denmark has become a model for other nations seeking to balance economic growth with environmental conservation. With a well-educated population and a thriving business environment, Denmark continues to attract attention as a leader in various industries, from renewable energy to design and architecture. Let us delve deeper into the macroeconomic dynamics that shape Denmark's development and its positioning on the global stage.

Population And Age Structure

Population, total: Denmark's population of 5,831,404 is below the average population of 40,097,746. Denmark is ranked 111 out of 194 countries in terms of population.

Population ages 0-14 (% of total population): Denmark's percentage of population ages 0-14 at 16.27% is below the average of 27.34%. Denmark is ranked 156 out of 194 countries in this demographic category.

Population ages 0-14, total: Denmark's total population of ages 0-14 at 948,702 is significantly below the average of 10,327,380. Denmark is ranked 125 out of 194 countries for this demographic group.

Population ages 15-64 (% of total population): Denmark's percentage of population ages 15-64 at 63.68% is slightly above the average of 63.44%. Denmark is ranked 113 out of 194 countries in this age group.

Population ages 15-64, total: Denmark's total population of ages 15-64 at 3,713,686 is notably below the average of 26,003,407. Denmark is ranked 112 out of 194 countries based on this demographic.

Population ages 65 and above (% of total population): Denmark's percentage of population ages 65 and above at 20.05% is significantly higher compared to the average of 9.22%. Denmark is ranked 18 out of 194 countries in this age category.

Population ages 65 and above, total: Denmark's total population of ages 65 and above at 1,169,017 is well below the average of 3,766,959. Denmark is ranked 65 out of 194 countries in terms of this demographic segment.

Summary

Denmark's population demographics show a lower-than-average total population, with a smaller proportion of youths aged 0-14 and a higher percentage of elderly individuals aged 65 and above. This distribution indicates a potential demographic challenge of an aging population with implications for the country's workforce participation, healthcare system, and pension liabilities.

Population Miscellaneous

- The Rural Population in Denmark is 693,004, which is significantly below the attribute average of 18,044,041. Denmark ranks 140th out of 190 countries in this data set.
- Denmark's Rural Population (% of Total Population) is 11.884%, well below the average of 41.158%. The country is ranked 174th out of 190 countries in this category.
- The Urban Population in Denmark is 5,138,400, also notably below the average of 22,425,747. Denmark ranks 91st out of 194 countries in this aspect.
- Denmark's Urban Population (% of Total Population) stands at 88.116%, surpassing the average of 59.691%. The country ranks 21st out of 194 nations analyzed.
- For the Age Dependency Ratio (% of Working-Age Population), Denmark has 57.025%, slightly lower than the average of 59.219%. The country is ranked 82nd out of 194 countries.
- Denmark's Crude Birth Rate of 10.4 per 1,000 people is below the average of 19.384. The country ranks 149th out of 192 countries.
- The Crude Death Rate in Denmark is 9.4 per 1,000 people, slightly above the average of 8.214. Denmark ranks 54th out of 192 countries in this parameter.
- Denmark's Total Fertility Rate is 1.68 births per woman, lower than the average of 2.603. The country ranks 129th out of 190 nations in this aspect.

Summary

Denmark's population distribution leans heavily towards urban areas, with a high percentage of urban population compared to rural. The country also exhibits a lower age dependency ratio and fertility rate compared to the global average. This indicates a well-developed urban infrastructure, potential challenges related to an aging population, and lower birth rates that may impact future workforce and economic growth.

Military

Denmark's Military expenditure (current USD) is $4,887,155,963.30, below the average of $12,904,993,617.17. Denmark ranks 38 out of 149 countries in this attribute.

With a Military expenditure (% of GDP) of 1.38%, Denmark is below the average of 1.90%. It holds the 88th rank out of 148 countries.

Denmark's Arms imports stand at $62,000,000, significantly less than the average of $205,522,123.89. Denmark ranks 50 out of 113 countries in this aspect.

The total Armed forces personnel in Denmark is 15,000, far lower than the average of 165,908.54 personnel. Denmark ranks 116 out of 164 countries in this category.

Denmark's Armed forces personnel (% of total labor force) is 0.50%, below the average of 1.28%. It holds the 115th rank out of 164 countries.

Summary

Denmark's military expenditure, arms imports, armed forces personnel, and their proportion in the total labor force are all below global averages, indicating a relatively modest military presence compared to other countries. These statistics are important as they reflect Denmark's prioritization of other sectors over defense spending, potentially highlighting its focus on diplomacy and economic development for national security.

Natural Resources

- The forest area in Denmark is 6,284.4 sq. km, which is significantly below the average of 211,606.1 sq. km, ranking 132 out of 191 countries in the dataset.
- Denmark's land area is 40,000 sq. km, lower than the average of 665,166.5 sq. km, placing it at rank 130 out of 194 countries.
- With a surface area of 42,920 sq. km, Denmark falls far below the average of 689,779.6 sq. km, ranking 130 out of 194 countries considered.
- The arable land in Denmark is 2,370,930 hectares, well below the average of 7,329,543.2 hectares, with a rank of 76 out of 190 countries.
- Denmark has 1,366,920 hectares of land under cereal production, far lower than the average of 4,206,011.6 hectares, ranking 68 out of 174 countries in the dataset.
- The average precipitation in Denmark is 703 mm per year, below the average of 1,157.8 mm per year, with a rank of 110 out of 178 countries.
- Denmark's renewable internal freshwater resources total 6 billion cubic meters, significantly lower than the average of 240.4 billion cubic meters, with a rank of 133 out of 178 countries included.

Summary

Denmark's environmental statistics reveal a country with limited forest area, land area, and arable land compared to global averages, which may impact its agricultural productivity and biodiversity. The country's lower-than-average precipitation and freshwater resources further highlight potential challenges in water management and sustainability efforts. These findings emphasize the importance of efficient environmental policies and resource management strategies to ensure long-term ecological balance and resilience in Denmark.

Resource Rents

Total natural resources rents (% of GDP): Denmark's value for this attribute is 0.1623, which is significantly below the average of 4.6300. Denmark is ranked 142 out of 175 countries for this indicator.

Forest rents (% of GDP): Denmark's value for this attribute is 0.0131, much lower than the average of 1.5258. Denmark is ranked 149 out of 174 countries in this category.

Oil rents (% of GDP): Denmark's value for this attribute is 0.1370, notably lower than the average of 2.5051. Denmark ranks 62 out of 117 countries for this metric.

Natural gas rents (% of GDP): Denmark's value for this attribute is 0.0122, significantly less than the average of 1.2527. Denmark is ranked 68 out of 96 countries in this aspect.

Summary

Denmark's natural resources rents, forest rents, oil rents, and natural gas rents as a percentage of GDP are all significantly below the global averages. This indicates that Denmark's economy relies less on natural resource exploitation compared to other countries. While this may limit potential revenue from resource extraction, it also reflects a diversified and sustainable economic strategy that is less vulnerable to fluctuations in commodity prices and environmental risks.

Commodities

For Cereal production (metric tons), Denmark's value of 9,467,690 is below the average of 17,249,945. Denmark ranks 39th out of 174 countries in this attribute data.

Denmark's Aquaculture production (metric tons) of 42,629 is significantly lower than the average of 679,642. Denmark ranks 46th out of 180 countries in this category.

Capture fisheries production (metric tons) in Denmark is 733,000.49, higher than the average of 467,453.06. Denmark ranks 26th out of 190 countries for this statistic.

Denmark's Total fisheries production (metric tons) stands at 775,629.49, below the average of 1,153,914.85. The country ranks 33rd out of 182 countries in this attribute.

Regarding Fertilizer consumption (kilograms per hectare of arable land), Denmark's value of 144.98 is slightly under the average of 159.04. Denmark is ranked 64th out of 187 countries in this aspect.

Summary

Denmark's agricultural sector shows mixed performance compared to global averages and rankings. While the country excels in capture fisheries production, it falls behind in cereal and aquaculture production. The fertilizer consumption, although slightly below the average, indicates room for improvement to enhance agricultural productivity and sustainability in Denmark.

These findings are important as they highlight Denmark's strengths and weaknesses in key agricultural areas compared to other nations. By understanding where Denmark stands in these indicators, policymakers can make informed decisions to boost agricultural output, address challenges, and capitalize on competitive advantages in the global market.

Intellectual Property

Denmark has 289 industrial design applications from nonresidents, below the average of 1415.83, ranking 55th out of 112 countries. In terms of industrial design applications from residents, Denmark has 142, significantly lower than the average of 9799.58, ranking 65th out of 113 countries.

For patent applications from nonresidents, Denmark has 217 applications, below the average of 6538.40, ranking 59th out of 129 countries. On the other hand, for patent applications from residents, Denmark has 1261 applications, also below the average of 19037.56, ranking 29th out of 117 countries.

Denmark has submitted 3921 trademark applications from nonresidents, below the average of 15878.93, ranking 77th out of 130 countries. Additionally, for trademark applications from residents, Denmark has 5275 applications, below the average of 111055.78, ranking 60th out of 129 countries.

Denmark has 15318.52 scientific and technical journal articles, slightly above the average of 15103.76, ranking 30th out of 192 countries. Regarding charges for the use of intellectual property (payments), Denmark recorded 1654744039.76 USD, below the average of 3218843494.39 USD, ranking 27th out of 143 countries.

Furthermore, for charges for the use of intellectual property (receipts), Denmark generated 4879690956.63 USD, higher than the average of 3191687117.58 USD, ranking 14th out of 122 countries. Lastly, Denmark has 7667.30 researchers in R&D per million people, significantly above the average of 2556.45, ranking 3rd out of 72 countries.

Summary

Denmark ranks moderately in industrial design applications and patent submissions but falls below average in trademark applications. However, it excels in scientific publications and research spending, showcasing a strong emphasis on innovation and technology development. These indicators are crucial as they reflect Denmark's commitment to research and development, its investment in intellectual property, and its potential for future economic growth through innovation.

Broad Economy Attributes

For GDP (current US$), Denmark has a value of 354,762,748,338.66. This is below the average GDP for all countries, ranking 34th out of 189 countries.

With a GDP, PPP (current international $) of 364,633,324,729.07, Denmark is below the average GDP, PPP for 181 countries, ranking 50th.

Denmark's GDP per capita (current US$) is 60,836.59, significantly higher than the average GDP per capita for 190 countries, placing Denmark 9th in the ranking.

In terms of GDP per capita, PPP (current international $), Denmark stands at 62,529.25, well above the average for 181 countries, ranking 10th.

The GNI (current US$) for Denmark is 366,486,581,965.03, below the average GNI for 185 countries, ranking 33rd.

Denmark's GNI, PPP (current international $) is 376,683,350,989.63, placing it below the average for 181 countries, at a rank of 47.

With a GNI per capita, PPP (current international $) of 64,600, Denmark surpasses the average for 181 countries, with a rank of 10.

Summary

Denmark showcases a mixed economic performance in key indicators, with its GDP falling below average on a global scale while still maintaining a high GDP per capita, both in current US$ and PPP. The country ranks significantly higher in GDP per capita metrics compared to its overall GDP rankings. These findings are important as they indicate Denmark's strong emphasis on ensuring a high standard of living for its population despite having a GDP that is comparatively moderate on the world stage.

Broad Value Added

1. Gross value added at basic prices (GVA) (current US$): Denmark's GVA stands at $308,148,052,519.48, ranking 34th out of 176 countries. While Denmark's value is below the attribute average of $360,070,943,595.12.

2. Agriculture, forestry, and fishing, value added (% of GDP): Denmark's value of 1.38% is below the attribute average of 10.86%. It ranks 160th out of 182 countries in this category.

3. Agriculture, forestry, and fishing, value added (current US$): Denmark's value is $4,902,478,419.80, ranking 71st out of 182 countries. It falls well below the attribute average of $19,924,732,828.07.

4. Services, value added (% of GDP): Denmark's value of 65.76% is above the attribute average of 56.72%. It holds a rank of 43 out of 183 countries.

5. Services, value added (current US$): Denmark's value is $233,284,001,559.61, ranking 29th out of 183 countries. However, it falls below the attribute average of $295,837,711,130.69.

6. Industry (including construction), value added (current US$): Denmark's value stands at $69,961,572,540.07, ranking 44th out of 183 countries. It is below the attribute average of $118,421,095,413.50.

Summary

Denmark's economy relies heavily on services, which account for a significant portion of its GDP and value-added activities. However, the country lags behind in the agriculture, forestry, and fishing sector, both in terms of GDP contribution and value added, ranking much lower compared to the global average. This indicates a need for potential diversification strategies to bolster the country's agricultural sector for more balanced economic growth and resilience against external shocks.

Manufacturing Value Added

Denmark's Manufacturing, value added (current US$) is 38th out of 173 countries, with a value of $45,488,022,22.03, which is below the average of $76,207,179,589.66.

Manufacturing, value added (% of GDP) in Denmark is 12.82%, ranking 72nd out of 173 countries, slightly above the average of 11.90%.

In Medium and high-tech manufacturing value added (% manufacturing value added), Denmark ranks 6th out of 149 countries, with a significantly higher value of 55.69% compared to the average of 24.49%.

Denmark's Chemicals (% of value added in manufacturing) stands at 28.86%, ranking 6th out of 89 countries, well above the average of 11.56%.

For Food, beverages and tobacco (% of value added in manufacturing), Denmark is at 72nd place out of 92 countries, with a value of 12.63%, below the average of 24.51%.

Denmark's Machinery and transport equipment (% of value added in manufacturing) is at 25.38%, ranking 23rd out of 93 countries, higher than the average of 16.85%.

Textiles and clothing (% of value added in manufacturing) in Denmark is low at 1.13%, placing it at 84th out of 93 countries, well below the average of 6.33%.

In Other manufacturing (% of value added in manufacturing), Denmark ranks 74th out of 94 countries with 31.99%, slightly below the average of 42.13%.

Summary

Denmark performs well in high-tech manufacturing and chemicals, ranking 6th in both categories globally. However, the country lags behind in textiles and clothing production, ranking 84th out of 93 countries. These indicators are crucial as they highlight Denmark's strength in advanced manufacturing sectors, which can drive innovation, exports, and overall economic growth, while also pointing out areas that may need improvement to diversify the manufacturing base and enhance competitiveness.

Money

Denmark has a consumer price inflation rate of 0.42%, which is significantly below the global average of 8.26%. This places Denmark at rank 126 out of 165 countries in terms of consumer price inflation data.

For GDP deflator inflation, Denmark's rate stands at 2.93%, below the average of 6.90%. Denmark holds the 74th position out of 188 countries in this metric.

Denmark's broad money growth rate is 9.84%, notably lower than the global average of 18.03%. The country ranks 97th out of 139 countries in broad money growth.

In terms of broad money as a percentage of GDP, Denmark's ratio is 68.27%, slightly under the average of 71.75%. This places Denmark at rank 66 out of 139 countries included in the data.

Denmark's broad money to total reserves ratio is 3.33, lower than the average of 5.17. Denmark holds the 51st position out of 126 countries in this particular metric.

Summary

Denmark exhibits a mixed macroeconomic performance compared to global averages and rankings. It maintains below-average consumer price inflation and GDP deflator inflation rates, along with a lower broad money growth rate. However, Denmark's broad money as a percentage of GDP and broad money to total reserves ratio are relatively close to the global averages. These indicators are crucial as they indicate Denmark's economic stability, monetary policy effectiveness, and financial resilience in the global context.

Consumption Expenditure

Final consumption expenditure (current US$): Denmark's value is $251,922,165,453.49, which is below the average of $381,630,252,515.38. Denmark ranks 34 out of 159 countries in this attribute.

Final consumption expenditure (% of GDP): Denmark's value is 71.01%, below the average of 82.37%. Denmark ranks 124 out of 159 countries in this attribute.

General government final consumption expenditure (current US$): Denmark's value is $87,769,691,850.69, below the average of $93,676,578,238.03. Denmark ranks 28 out of 158 countries in this attribute.

General government final consumption expenditure (% of GDP): Denmark's value is 24.74%, above the average of 18.71%. Denmark ranks 24 out of 158 countries in this attribute.

Household and NPISHs final consumption expenditure (current US$): Denmark's value is $164,152,473,755.66, below the average of $290,127,571,157.69. Denmark ranks 36 out of 158 countries in this attribute.

Households and NPISHs final consumption expenditure (% of GDP): Denmark's value is 46.27%, below the average of 63.68%. Denmark ranks 137 out of 158 countries in this attribute.

Summary

Denmark has a lower final consumption expenditure compared to the global average, ranking 34th out of 159 countries. The country also exhibits a lower percentage of final consumption expenditure to GDP across various categories, placing it below the average rankings. These indicators are crucial as they reflect the level of economic activity, government spending, and household consumption within Denmark, highlighting potential areas for growth and development.

Equities

For the S&P Global Equity Indices (annual % change), Denmark experienced a growth rate of 40.91%, significantly outperforming the attribute average of 2.06%. This places Denmark at rank 3 out of 79 countries included in the data.

Summary

Denmark's S&P Global Equity Index saw an impressive annual growth rate of 40.91%, surpassing the global average of 2.06% by a large margin. This exceptional performance ranks Denmark at the 3rd position out of 79 countries assessed. Such robust growth showcases Denmark's strong economic foundation, investor confidence, and potentially attractive business environment, making it an appealing destination for international investors seeking high returns and stability.

Investment

Denmark's foreign direct investment, net (BoP, current US$) is $9,744,421,097.02, ranking 11th out of 169 countries. This value is significantly above the attribute average of -$1,615,235,980.51.

For foreign direct investment, net inflows (BoP, current US$), Denmark's value is -$263,702,466.53, placing it at the 161st rank out of 182 countries. This is below the attribute average of $5,749,271,080.15.

In terms of foreign direct investment, net inflows (% of GDP), Denmark's value is -0.074%, ranking 155th out of 178 countries. The country's performance is below the attribute average of 2.61%.

Denmark's foreign direct investment, net outflows (BoP, current US$) stands at $9,480,718,630.49, positioning it 17th out of 156 countries. This value is above the attribute average of $5,707,991,116.07.

Regarding foreign direct investment, net outflows (% of GDP), Denmark's value is 2.67%, ranking 15th out of 155 countries. This value surpasses the attribute average of 1.00%.

Denmark's portfolio investment, net (BoP, current US$) is -$3,938,406,045.82, placing it at the 143rd rank out of 159 countries. This value is below the attribute average of $679,559,169.57.

For portfolio equity, net inflows (BoP, current US$), Denmark's value is $5,285,202,786.89, ranking 14th out of 125 countries. This value is lower than the attribute average of $9,197,145,994.70.

Summary

Denmark showcases a robust performance in terms of foreign direct investment with a significantly high net inflow, positioning it well above the global average. However, the country lags in attracting foreign direct investment as a percentage of its GDP, indicating potential untapped opportunities for growth. Additionally, Denmark exhibits strong outbound investment with net outflows surpassing the global average, showcasing its active participation in the global economy.

These findings are crucial as they highlight Denmark's attractiveness to foreign investors, its utilization of investments for outbound growth, and the importance of enhancing domestic policies to further boost inflows relative to its GDP, potentially fostering greater economic development and global competitiveness.

Broad Trade Attributes

- Trade (% of GDP): Denmark's trade value accounts for 103.76% of its GDP, surpassing the average by 21.41%. This places Denmark at 36 out of 163 countries in the dataset. - Merchandise trade (% of GDP): Denmark's merchandise trade is slightly below average at 58.28% of its GDP, ranking 69 out of 186 countries. - Trade in services (% of GDP): Denmark excels in trade in services, with a value of 41.77% of its GDP, 17.14% higher than the average. Denmark ranks 18 out of 171 countries in this metric. - External balance on goods and services (current US$): Denmark's balance of goods and services is strong at $23,001,830,483.88, significantly higher than the average by $19,596,321,472.75. Denmark ranks 16 out of 163 countries. - External balance on goods and services (% of GDP): Denmark maintains a healthy external balance at 6.48% of its GDP, which is above the average by 12.45%. This places Denmark at 17 out of 163 countries.

Summary

Denmark demonstrates a strong reliance on trade, with values exceeding the global average in various trade-related indicators such as Trade (% of GDP), Merchandise trade (% of GDP), and Trade in services (% of GDP). This highlights Denmark's robust international economic engagement and competitiveness in both goods and services sectors. The country's healthy external balance on goods and services, both in absolute terms and as a percentage of GDP, further underscores its economic stability and ability to effectively manage its international trade relationships. These indicators are crucial for understanding Denmark's economic resilience, global integration, and capacity to generate revenue through trade activities.

Net Trade

1. Current account balance (BoP, current US$): Denmark's current account balance is $28,730,777,261.44, significantly above the average of $1,443,864,831.49. Denmark ranks 12th out of 170 countries in this attribute.

2. Current account balance (% of GDP): Denmark's current account balance is 8.10% of GDP, which is higher than the average of -2.36%. The country is ranked 15th out of 170 countries in this aspect.

3. Net trade in goods and services (BoP, current US$): Denmark's net trade in goods and services is $22,922,336,355.06, well above the average of $2,604,730,003.57. Denmark ranks 15th out of 171 countries in this attribute.

4. Net primary income (BoP, current US$): Denmark's net primary income is $11,807,621,602.08, considerably higher than the average of -$903,807,529.74. The country ranks 11th out of 170 countries in this category.

5. Net secondary income (BoP, current US$): Denmark's net secondary income is -$5,999,180,695.70, much lower than the average of -$269,227,340.40. Denmark is ranked 153rd out of 170 countries in this attribute.

6. Net trade in goods (BoP, current US$): Denmark's net trade in goods is $18,846,408,181.75, well above the average of $1,302,831,005.68. The country ranks 22nd out of 171 countries in this aspect.

7. Net capital account (BoP, current US$): Denmark's net capital account is -$99,416,644.18, below the average of $136,543,824.05. Denmark ranks 142nd out of 159 countries in this attribute.

8. Net financial account (BoP, current US$): Denmark's net financial account is $22,902,930,256.04, significantly higher than the average of -$469,840,994.63. The country ranks 14th out of 170 countries in this category.

Summary

Denmark demonstrates strong macroeconomic indicators in its current account balance, net trade in goods and services, net primary income, and net financial account. These statistics reflect a robust economy with healthy trade balances and solid income generation, positioning Denmark favorably on the global stage. The positive current account balance, high net primary income, and strong net financial account indicate stability and attractiveness for investment, while the high net trade in goods and services showcases Denmark's competitive position in international trade.

Broad Export Attributes

Denmark's exports of goods, services and primary income amount to $224.62 billion, surpassing the average of $146.24 billion, placing Denmark at 27th out of 170 countries. The country's exports of goods and services total $195.88 billion, exceeding the average of $122.94 billion, ranking 28th out of 170 countries.

In terms of goods exports, Denmark's value of $119.75 billion is above the average of $93.31 billion, positioning the country at 31st out of 171 countries. Denmark's ICT goods exports account for 3.95% of total goods exports, slightly higher than the average of 3.81%, ranking 28th out of 142 countries.

Denmark's exports of goods and services, at $195.54 billion, are again above the average of $129.60 billion, placing the country at 29th out of 163. Lastly, Denmark's goods and services exports make up 55.12% of its GDP, higher than the average of 38.19%, ranking 31st out of 163 countries.

Summary

Denmark stands out globally for its strong export performance in goods, services, and primary income, surpassing average values in each category. Its high rankings in exports of goods, services, and ICT goods demonstrate a competitive edge in international trade. The significant share of exports in GDP signifies the country's reliance on trade as a key driver of economic growth and prosperity.

Merchandise Exports

Denmark's Merchandise exports (current US$) are valued at $108,454,000,000, ranking 33 out of 187 countries. This value exceeds the attribute average of $89,542,711,229.95.

Denmark's Agricultural raw materials exports (% of merchandise exports) are 2.31%, ranking 48 out of 151 countries. This value is below the attribute average of 2.97%.

Denmark's Food exports (% of merchandise exports) account for 18.51%, ranking 70 out of 152 countries. This value is lower than the attribute average of 24.06%.

Denmark's Fuel exports (% of merchandise exports) represent 2.08% of total exports, ranking 89 out of 147 countries. This value is significantly below the attribute average of 13.70%.

Denmark's Ores and metals exports (% of merchandise exports) stand at 1.37%, ranking 111 out of 152 countries. This value is notably lower than the attribute average of 9.10%.

Denmark's Merchandise exports by the reporting economy, residual (% of total merchandise exports) are 0.62%, ranking 68 out of 166 countries. This value is less than the attribute average of 3.20%.

Summary

Denmark has a strong merchandise export sector, with total exports valued at $108,454,000,000, ranking 33 globally. However, the country's export composition shows a reliance on food exports (18.51%) compared to agricultural raw materials (2.31%) and fuel exports (2.08%), which are below global averages. This indicates a need for diversification in export products to reduce vulnerability to fluctuations in specific industries and global markets.

Technology Exports

- Manufactures exports (% of merchandise exports): Denmark's percentage of manufactures exports is 73.93%, which is above the average of 42.62%, ranking 35th out of 152 countries in the dataset.
- High-technology exports (current US$): Denmark has high-technology exports valued at $10,455,650,566, below the average of $16,655,934,078.80, ranking 28th out of 151 countries.
- High-technology exports (% of manufactured exports): Denmark's high-technology exports as a percentage of total exports is 13.23%, higher than the average of 10.15%, ranking 37th out of 150 countries.
- Medium and high-tech exports (% manufactured exports): Denmark's medium and high-tech exports account for 60.67% of manufactured exports, significantly surpassing the average of 34.29%, ranking 29th out of 149 countries.

Summary

Denmark stands out in terms of its strong performance in exports of manufactured goods and high-technology products, ranking relatively high in both categories compared to the global average and other countries in the dataset. The country's focus on medium and high-tech exports also highlights its advanced capabilities in these sectors. These indicators are crucial as they demonstrate Denmark's competitive edge in producing and exporting value-added goods, showcasing its potential for economic growth and innovation.

Service Exports

- Service exports (BoP, current US$): Denmark's service exports amount to $76.13 billion, significantly exceeding the attribute average of $28.92 billion. Denmark ranks 18th out of 171 countries in this category. - ICT service exports (BoP, current US$): Denmark's ICT service exports stand at $6.58 billion, surpassing the average of $4.58 billion. The country holds the 23rd position out of 166 countries. - ICT service exports (% of service exports, BoP): Denmark's ICT service exports as a percentage of total service exports, at 8.64%, are lower than the average of 11.75%. Denmark ranks 85th out of 166 countries. - Communications, computer, etc. (% of service exports, BoP): Denmark's exports in this category represent 36.53% of its total service exports, below the average of 45.85%. The country is ranked 104th out of 169. - Transport services (% of service exports, BoP): Denmark's transport services contribute 56.49% to its total service exports, significantly above the average of 21.80%. Denmark holds the 13th spot out of 169 countries. - Travel services (% of service exports, BoP): Denmark's travel services represent 5.24% of its service exports, lower than the average of 26.40%. The country ranks 143rd out of 167. - Insurance and financial services (% of service exports, BoP): Denmark's insurance and financial services make up 1.74% of its service exports, below the average of 6.46%. Denmark ranks 119th out of 161 countries.

Summary

Denmark excels in service exports, particularly in ICT and transport services, ranking well above the global average in both categories. However, the country lags behind in ICT service exports as a percentage of total service exports, communications services, travel services, and insurance and financial services. These indicators are crucial as they reflect Denmark's competitive advantage and specialization in certain service sectors, while also highlighting areas where there may be room for further development and improvement to enhance overall economic performance.

Commercial Service Exports

- Commercial service exports (current US$): Denmark's focus value of $75,763,005,081.43 is significantly higher than the average of $28,508,218,402.80. Denmark ranks 18th out of 171 countries in this attribute data.
- Travel services (% of commercial service exports): Denmark's value of 5.26% is below the average of 27.89%. With a ranking of 144 out of 167 countries, Denmark has room for growth in this area.
- Computer, communications and other services (% of commercial service exports): Denmark's value of 36.23% is slightly below the average of 42.44%. Denmark ranks 101st out of 169 countries in this attribute.
- Insurance and financial services (% of commercial service exports): Denmark's value of 1.75% is below the average of 6.97%. With a rank of 120 out of 161 countries, Denmark has potential for expansion in this sector.
- Transport services (% of commercial service exports): Denmark's value of 56.76% is well above the average of 23.37%. Denmark ranks 15th out of 169 countries, showcasing its strength in transport services.

Summary

Denmark excels in commercial service exports, ranking 18th globally with a value of $75.8 billion, far surpassing the average. However, there are areas such as travel services and insurance/financial services where Denmark lags behind, suggesting opportunities for growth and diversification. The country's strength in transport services, ranking 15th worldwide, highlights a key area of expertise that could further contribute to its economic development and global competitiveness.

Broad Import Attributes

Imports of goods and services (current US$): Denmark's value of 172,542,692,797.803 is above the average of 126,191,355,599.062. It ranks 30th out of 163 countries in the dataset.

Imports of goods and services (% of GDP): Denmark's value of 48.64% is above the average of 44.15%. It ranks 47th out of 163 countries.

ICT goods imports (% total goods imports): Denmark's value of 8.42% is above the average of 6.85%. It ranks 34th out of 143 countries.

Goods imports (BoP, current US$): Denmark's value of 100,904,378,487.609 is above the average of 92,007,788,027.169. It ranks 32nd out of 171 countries.

Imports of goods and services (BoP, current US$): Denmark's value of 172,954,115,873.26 is above the average of 120,321,577,988.120. It ranks 29th out of 170 countries.

Imports of goods, services and primary income (BoP, current US$): Denmark's value of 189,893,164,160.134 is above the average of 144,514,428,722.279. It ranks 31st out of 170 countries.

Summary

Denmark maintains a strong position in terms of imports of goods and services, with values consistently above global averages in various categories. This signifies a high level of economic activity and international trade engagement, positioning Denmark as a key player in the global market. The country's high rankings among a large pool of countries reflect its robust economy and strong global connections.

Merchandise Imports

- The value of Merchandise imports in Denmark is $98.3 billion, which is above the average of $89.4 billion. Denmark ranks 33rd out of 190 countries in this attribute.

- Manufactures imports in Denmark account for 75.99% of merchandise imports, higher than the average of 66.76%. Denmark ranks 30th out of 152 countries in this aspect.

- Denmark imports 2.42% of agricultural raw materials, surpassing the average of 1.27%. This places Denmark 14th out of 152 countries in this category.

- Food imports in Denmark constitute 14.09% of merchandise imports, below the average of 15.89%. Denmark holds the 79th rank out of 152 countries in this regard.

- The share of fuel imports in Denmark is 4.50% of merchandise imports, significantly lower than the average of 11.38%. Denmark ranks 137th out of 152 countries for this metric.

- Ores and metals imports in Denmark stand at 1.51% of merchandise imports, lower than the average of 2.57%. Denmark is ranked 83rd out of 152 countries concerning this aspect.

- The residual section of merchandise imports in Denmark is at 0.12%, well below the average of 2.51%. Denmark ranks 127th out of 180 countries in this category.

Summary

Danish trade data reveals that the country has a strong focus on manufacturing, with a high proportion of manufactured imports compared to the global average. Additionally, Denmark's significant import share of agricultural raw materials emphasizes its reliance on imported resources for its industries. The country's lower share of fuel imports indicates potential energy self-sufficiency or reliance on alternative energy sources. These statistics are crucial as they shed light on Denmark's economic structure, trade dependencies, and strategic priorities in resource procurement.

Service Imports

Service imports (BoP, current US$): Denmark's service imports amount to $72.05 billion, which is significantly higher than the average of $27.62 billion. Denmark ranks 17th out of 171 countries in terms of service imports.

Communications, computer, etc. (% of service imports, BoP): Denmark's percentage of service imports allocated to communications, computer, etc. stands at 45.11%, slightly above the average of 44.40%. It ranks 88th out of 169 countries in this category.

Transport services (% of service imports, BoP): Denmark allocates 45.72% of its service imports to transport services, notably higher than the average of 32.90%. The country ranks 32nd out of 169 nations.

Travel services (% of service imports, BoP): Denmark's travel services account for 7.65% of its service imports, below the average of 14.14%. This places Denmark at 112th out of 169 countries.

Insurance and financial services (% of service imports, BoP): Denmark devotes 1.51% of its service imports to insurance and financial services, significantly lower than the average of 8.53%. The country ranks 159th out of 169 nations in this aspect.

Summary

Denmark demonstrates a significant emphasis on service imports, ranking 17th globally in this category. The country's allocation of service imports to communications, computer, and transport services exceeds global averages, showcasing a strong infrastructure and technology focus. However, Denmark's lower allocation to travel, insurance, and financial services highlights potential areas for growth and diversification within its service sector.

Commercial Service Imports

Commercial service imports in Denmark amount to $71,923,161,127.76, ranking 17th out of 171 countries. This value is significantly above the average of $27,102,746,128.60.

Computer, communications, and other services contribute to 45.02% of Denmark's commercial service imports, placing it in the 82nd position out of 169 countries. This percentage is slightly higher than the average of 41.71%.

Insurance and financial services represent 1.52% of Denmark's commercial service imports, ranking 160th out of 169 countries. Denmark's value is notably below the average of 8.85%.

Transport services make up 45.80% of Denmark's commercial service imports, placing it 41st out of 169 countries. Denmark exceeds the average of 34.71% in this category.

Travel services contribute 7.67% to Denmark's commercial service imports, ranking 116th out of 169 countries. This percentage is below the average of 14.73%.

Summary

Denmark's commercial service imports are substantial, exceeding the global average by a large margin. The country heavily relies on computer, communications, and other services as well as transport services for its imports, outpacing the average percentages in these categories. However, Denmark lags behind in insurance and financial services as well as travel services compared to the global averages. These findings are crucial as they highlight Denmark's economic dependence on specific service sectors and areas where it may need to improve to align with international standards.

Infrastructure

Container port traffic in Denmark is 933,295 TEUs, which is significantly below the attribute average of 6,907,110.27 TEUs. Denmark ranks 65th out of 110 countries in this statistic.

Summary

Denmark's container port traffic of 933,295 TEUs falls far below the global average of 6,907,110.27 TEUs, placing it in the 65th position out of 110 countries. This low level of container port traffic indicates potential limitations in international trade activity and connectivity, which are crucial for economic growth and global competitiveness.

Information Technology Infrastructure

1. Secure Internet servers: Denmark has 1,615,776 secure internet servers, ranking 8th out of 193 countries. This is significantly above the average of 458,294 servers per country.

2. Secure Internet servers (per 1 million people): With 277,081 secure internet servers per 1 million people, Denmark ranks 1st out of 193 countries. This is substantially higher than the average of 14,067 servers per 1 million people.

3. Individuals using the Internet (% of population): Denmark's 96.55% of the population using the internet places it 8th out of 180 countries. This percentage is notably above the average of 64.77%.

4. Fixed broadband subscriptions: Denmark's 2,590,282 fixed broadband subscriptions rank 49th out of 185 countries, which is below the average of 6,591,956 subscriptions per country.

5. Mobile cellular subscriptions: With 7,252,675 mobile cellular subscriptions, Denmark ranks 102nd out of 193 countries. This is notably lower than the average of 42,526,464 subscriptions per country.

Summary

Denmark stands out in terms of its robust digital infrastructure, boasting a high number of secure internet servers per capita and a significant percentage of its population using the internet. However, the country lags behind in fixed broadband and mobile cellular subscriptions compared to the global average. These indicators are crucial as they reflect Denmark's advanced technological landscape, connectivity, and digital accessibility which are essential for innovation, economic growth, and overall development in the modern world.

Energy Consumption

Denmark's renewable energy consumption accounts for 39.7% of its total final energy consumption, which is 7.52% above the global average of 32.18%. This places Denmark at rank 63 out of 191 countries in renewable energy consumption data.

Denmark's CO2 emissions stand at 27,356.5 kt, significantly below the average of 171,895.94 kt. This places Denmark at rank 73 out of 188 countries in CO2 emissions data.

Summary

Denmark stands out as a global leader in sustainable energy practices with renewable energy consumption comprising 39.7% of its total final energy consumption, surpassing the global average by 7.52%. Additionally, Denmark's low CO2 emissions of 27,356.5 kt, in contrast to the average of 171,895.94 kt, reflect its commitment to environmental conservation, positioning the country favorably at rank 63 for renewable energy consumption and rank 73 for CO2 emissions globally. These indicators are crucial as they demonstrate Denmark's proactive approach towards combating climate change, enhancing energy security, and setting a positive example for other nations to follow in fostering a more sustainable and environmentally conscious future.

Government Balance Sheet

Denmark's net incurrence of liabilities is 10.16% of GDP, which is higher than the average of 7.43%. This places Denmark at rank 23 out of 92 countries in the dataset.

Denmark's reserves and related items in BoP amount to -760,435,349.05 USD, significantly below the average of 1,924,407,186.58 USD. This places Denmark at rank 138 out of 171 countries.

Denmark's total reserves minus gold stand at 68,777,153,366.56 USD, below the average of 74,221,588,171.61 USD. Denmark ranks 27 out of 161 countries for this metric.

Denmark's total reserves including gold amount to 72,823,350,926.56 USD, below the average of 85,708,019,773.47 USD. Denmark is ranked 31 out of 161 countries in this category.

Denmark's total reserves in months of imports are at 4.60, lower than the average of 7.10 months. This places Denmark at rank 95 out of 151 countries in the dataset.

Summary

Denmark's macroeconomic indicators show mixed performance compared to global averages and other countries in the dataset. While the country has a higher net incurrence of liabilities as a percentage of GDP and lower reserves than the averages, it ranks relatively well in terms of total reserves minus gold. The below-average total reserves including gold and months of imports indicate potential vulnerability in external finances. These indicators are crucial as they highlight Denmark's position in managing liabilities, reserves, and import coverage, influencing its economic stability and ability to weather external shocks.

Government Revenue

1. Denmark's Revenue, excluding grants (% of GDP) is 40.11%, which is above the average of 27.02%. Denmark ranks 12th out of 122 countries in this attribute.

2. Social contributions (% of revenue) in Denmark are 1.99%, well below the average of 22.29%. Denmark ranks 72nd out of 81 countries in this category.

3. Denmark's Taxes on goods and services (% of revenue) stand at 34.82%, slightly above the average of 31.82%. The country ranks 51st out of 122 nations.

4. For Taxes on international trade (% of revenue), Denmark records 0.05%, much lower than the average of 6.24%. The country ranks 92nd out of 101 countries.

5. Other taxes (% of revenue) in Denmark amount to 4.54%, exceeding the average of 2.12%. Denmark ranks 14th out of 106 countries in this attribute.

6. Taxes on income, profits, and capital gains (% of revenue) in Denmark make up 46.49%, significantly higher than the average of 24.66%. Denmark ranks 6th out of 119 countries.

Summary

Denmark demonstrates a robust fiscal performance with above-average revenue generation, particularly from taxes on income, profits, and capital gains. Despite ranking lower in social contributions and taxes on international trade, the country excels in generating revenue through diverse sources. These indicators signify Denmark's stable fiscal policies, efficient tax collection mechanisms, and the government's ability to sustain public spending and social welfare programs.

Taxes

For Tax revenue (% of GDP), Denmark's value of 34.45% is above the average of 16.72%. This places Denmark at rank 3 out of 123 countries in terms of tax revenue as a percentage of GDP.

Regarding Taxes on income, profits and capital gains (% of total taxes), Denmark's value of 54.12% is also above the average of 38.40%. This lands Denmark at rank 16 out of 120 countries in this category.

As for Tariff rate, applied, weighted mean, all products (%), Denmark's value of 1.48% is below the average of 5.21%. Denmark holds rank 117 out of 153 countries in terms of the weighted mean tariff rate applied across all products.

Summary

Denmark stands out in terms of tax revenue and income-related taxes, ranking 3rd and 16th respectively among a significant number of countries. Additionally, Denmark's below-average tariff rate of 1.48% is noteworthy, placing the country at 117th out of 153. These indicators reveal Denmark's robust tax system and its commitment to maintaining a low tariff environment, which can attract foreign investment and foster domestic economic growth.

Government Expenses

- Expense (% of GDP): Denmark's expense as a percentage of GDP is 39.75%, which is above the average of 31.69%. Denmark ranks 32nd out of 123 countries included in the data.
- Compensation of employees (% of expense): Denmark's compensation of employees as a percentage of expense is 10.61%, below the average of 24.70%. Denmark ranks 107th out of 123 countries.
- Goods and services expense (% of expense): Denmark's goods and services expense as a percentage of total expense is 7.70%, below the average of 14.77%. Denmark ranks 94th out of 122 countries.
- Interest payments (% of expense): Denmark's interest payments as a percentage of expense is 1.27%, below the average of 6.85%. Denmark ranks 107th out of 121 countries.
- Other expense (% of expense): Denmark's other expenses as a percentage of total expense is 3.52%, below the average of 8.29%. Denmark ranks 92nd out of 120 countries.
- Subsidies and other transfers (% of expense): Denmark's subsidies and other transfers as a percentage of expense is 18.28%, below the average of 43.29%. Denmark ranks 109th out of 121 countries.

Summary

Denmark's expense as a percentage of GDP is relatively high at 39.75%, ranking 32nd out of 123 countries. However, the country's compensation of employees, goods and services expense, interest payments, other expense, and subsidies and other transfers are all below global averages, placing Denmark in lower rankings for these categories. This suggests that Denmark may have a more conservative approach towards spending compared to other nations, potentially leading to lower investment in sectors such as employee compensation and subsidies. These statistics are crucial for understanding Denmark's fiscal policy, economic priorities, and potential areas for improvement in terms of resource allocation and economic development.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Population ages 65 and above (% of total population)	18/194
Researchers in R&D (per million people)	3/72
GDP per capita (current US$)	9/190
GDP per capita, PPP (current international $)	10/181
GNI per capita, PPP (current international $)	10/181
Medium and high-tech manufacturing value added (% manufacturing value added)	6/149
Chemicals (% of value added in manufacturing)	6/89
S&P Global Equity Indices (annual % change)	3/79
Foreign direct investment, net (BoP, current US$)	11/169
Foreign direct investment, net outflows (% of GDP)	15/155
External balance on goods and services (current US$)	16/163
Current account balance (BoP, current US$)	12/170
Current account balance (% of GDP)	15/170
Net trade in goods and services (BoP, current US$)	15/171
Net primary income (BoP, current US$)	11/170
Net financial account (BoP, current US$)	14/170
Transport services (% of service exports, BoP)	13/169
Transport services (% of commercial service exports)	15/169
Agricultural raw materials imports (% of merchandise imports)	14/152
Service imports (BoP, current US$)	17/171
Commercial service imports (current US$)	17/171
Secure Internet servers	8/193
Secure Internet servers (per 1 million people)	1/193
Individuals using the Internet (% of population)	8/180
Revenue, excluding grants (% of GDP)	12/122
Taxes on income, profits and capital gains (% of revenue)	6/119
Tax revenue (% of GDP)	3/123

Ranks in Bottom Decile For:

Attribute	Rank/Total
Rural population (% of total population)	174/190
Textiles and clothing (% of value added in manufacturing)	84/93
Fuel imports (% of merchandise imports)	137/152
Insurance and financial services (% of service imports, BoP)	159/169
Insurance and financial services (% of commercial service imports)	160/169
Taxes on international trade (% of revenue)	92/101
Subsidies and other transfers (% of expense)	109/121