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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]
The following lists show the latest figures for GDP and GDP per capita. Most figures are 2024 data from the International Monetary Fund; figures for dependent territories (both GDP [1] [2] and GDP per capita [3]) are 2024 data from the United Nations. Figures from other sources and years are noted as such.
Since 1980, the number of people of Danish descent, defined as having at least one parent who was born in Denmark and has Danish citizenship, has remained constant at around 5 million in Denmark, and nearly all the population growth from 5.1 up to the 2018 total of 5.8 million was due to immigration.
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 ...
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).
3 factors help explain how Denmark pulled ahead of its Scandinavian neighbors. ... 2024 at 7:32 AM. ... brought that fact to my attention. Denmark’s GDP per capita, at €52,000, is now the ...
The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF's definitive data for the past year and estimates for the current year are published twice a year in ...
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country.