CURRENT ECONOMIC PERFORMANCE
.svg.png)
2016 EPI score
| F (Very Poor) |
D (Poor) |
C (Fair) |
B (Good) |
A (Excellent) |
A+ (Superior) |
| <60 | 60-80 | 80-90 | 90-95 | 95-100 | >100 |
Denmark: slow improvements
Denmark’s economic performance has been good, with the EPI score projected to be close to 91.4%, or B level, in 2016. Economic conditions have improved steadily over the past two years, with domestic demand strengthening and exports improving.
Denmark is a net exporter of food and energy and has had a balance of payments surplus since the 1990’s. Denmark’s main exports are industrial production and agricultural products but cheaper oil had negative but still limited effects on the economy so far. Unemployment at 6% remains elevated, which is typical for European economies. The general government deficit turned from a surplus of 1.8% in 2014 to a deficit of 2.7% of GDP in 2015 and is projected to be 2.8% in 2016. The government’s fiscal consolidation plans are aimed at keeping the deficit within 3% of GDP, in line with the EU’s demands. Inflation is projected to be 1.8% in 2016, in line with the low inflationary environment in the EU overall.
The 5-Minute Economist projects Denmark’s EPI score to remain at a B level by 2020.
ECONOMIC PERFORMANCE HISTORY
EPI COMPONENTS PERFORMANCE HISTORY
Inflation
Unemployment
Budget deficit
GDP Growth
EPI DATA FOR DENMARK
| Year | Inflation Rate (%) | Unemployment Rate (%) | Budget Deficit as a Percent of GDP (%) | Change in Real GDP (%) | Raw EPI Score (%) | Change From Previous Year | Raw EPI performance |
|---|---|---|---|---|---|---|---|
| 2000 | 2.9 | 4.3 | -1.9 | 3.7 | 98.4 | 2.2 | A |
| 2001 | 2.4 | 4.5 | -1.1 | 0.8 | 95.1 | -3.3 | A- |
| 2002 | 2.4 | 4.6 | 0.0 | 0.5 | 93.4 | -1.7 | B |
| 2003 | 2.1 | 5.4 | 0.1 | 0.4 | 92.7 | -0.6 | B |
| 2004 | 1.2 | 5.5 | -2.1 | 2.7 | 98.1 | 5.3 | A |
| 2005 | 1.8 | 4.8 | -5.0 | 2.3 | 100.7 | 2.6 | A+ |
| 2006 | 1.9 | 3.9 | -5.0 | 3.9 | 103.1 | 2.4 | A+ |
| 2007 | 1.7 | 3.8 | -5.0 | 0.9 | 100.5 | -2.6 | A+ |
| 2008 | 3.4 | 3.5 | -3.2 | -0.5 | 95.8 | -4.7 | A- |
| 2009 | 1.3 | 6.0 | 2.8 | -4.9 | 85.0 | -10.8 | C |
| 2010 | 2.3 | 7.5 | 2.7 | 1.9 | 89.4 | 4.4 | C+ |
| 2011 | 2.8 | 7.6 | 2.1 | 1.3 | 89.0 | -0.4 | C+ |
| 2012 | 2.4 | 7.5 | 3.5 | 0.2 | 86.8 | -2.2 | C |
| 2013 | 0.8 | 7 | 1 | 0.9 | 92.1 | 5.3 | B |
| 2014 | 0.6 | 6.5 | -1.4 | 1.7 | 96.0 | 3.9 | A |
| 2015 | 0.5 | 6.2 | 1.3 | 1.6 | 93.6 | -2.4 | B |
| 2016 | 0.3 | 6.2 | 1.0 | 1.1 | 93.7 | 0.0 | B |
| 2017* | 0.7 | 5.8 | 1.1 | 1.5 | 93.9 | 0.2 | B |
| 2018* | 1.1 | 5.8 | 0.5 | 1.7 | 94.3 | 0.4 | B+ |
| 2019* | 1.8 | 5.8 | 0.1 | 1.8 | 94.1 | -0.2 | B+ |
| 2020* | 2 | 5.8 | -0.3 | 1.9 | 94.3 | 0.3 | B+ |
| 2021* | 2 | 5.8 | -0.3 | 1.8 | 94.4 | 0.0 | B+ |
| 2022* | 2 | 5.8 | -0.4 | 1.8 | 94.5 | 0.1 | B+ |