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As a small open economy, Denmark is very dependent on its foreign trade. In 2017, the value of total exports of goods and services made up 55% of GDP, whereas the value of total imports amounted to 47% of GDP. Trade in goods made up slightly more than 60% of both exports and imports, and trade in services the remaining close to 40%. [66]
Below is a table of sovereign states in Europe by GDP (PPP) per capita in international dollars. [2] Countries are ranked by their estimated 2024 figures. Note: transcontinental countries that are partly (but not entirely) located in Europe are also shown in the table, but the values shown are for the entire country.
During 2022, the Danish population grew by 59,234 people, so the population on January 1, 2023, consisted of 5,932,654 people. It was a population increase of 1.0 percent, which is higher than in 2021, when the population increase was 0.6 percent. [6] In 2022, Denmark had a total fertility rate (TFR) of 1.55 children per woman in 2022. [7]
Social Progress Index: ranked 2 out of 163 countries (2020) [18] University of Leicester: Satisfaction with Life Index 2006, ranked 1 out of 178 countries [19] OECD: Physicians per 1000 Population 2007, ranked 15 out of 30 countries [20]
Denmark has a developed mixed economy that is classed as a high-income economy by the World Bank. [125] In 2017, it ranked 16th in the world in terms of gross national income (PPP) per capita and 10th in nominal GNI per capita. [126] Denmark's economy stands out as one of the most free in the Index of Economic Freedom and the Economic Freedom ...
Denmark’s GDP per capita, at €52,000, is now the highest in Europe behind the financial and fiscal hubs of Luxembourg and Ireland and ahead of neighbors Germany and Sweden.
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [5] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [6] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades earlier.
This is a list of countries by nominal GDP per capita. GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.