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Denmark's Economic Profile: GDP, Size, and World Ranking

Key Economic Indicators

As of January 1, 2023, Denmark has a population of approximately 5,932,654.

According to the World Bank and OECD, Denmark boasts the 38th largest national economy globally, measured by nominal gross domestic product (GDP).

GDP Growth and Trends

In 2022, Denmark's GDP stood at $400.17 billion, a 1.36% decrease from 2021.

In 2021, GDP reached $405.69 billion, marking a 14.35% increase compared to 2020.

The year-on-year change in GDP in the first quarter of 2023 was 1.435%, lower than the 4.9% recorded in the fourth quarter of 2022.