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This country note from Going for Growth 2015 for Denmark identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Institutional investors (investment funds, insurance companies and pension funds) are major collectors of savings and suppliers of funds to financial markets. Their role as financial intermediaries and their impact on investment strategies have grown significantly over recent years along with deregulation and globalisation of financial markets.
This publication provides a unique set of statistics that reflect the level and
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The tax burden in Denmark increased by 1.4 percentage points from 47.2% to 48.6, the fourth largest increase amongst member countries in 2013. The corresponding figure for the OECD average was an increase of 0.4 percentage points from 33.7% to 34.1%. The Danish standard VAT rate is 25%, which is above the OECD average. The average VAT/GST rate in the OECD was 19.1% on 1 January 2014.
In January 2014, immigrants and their descendants in Denmark numbered 626 100, up 25 000 from one year earlier, comprising 11.1% of the overall population.
Country notes outlining regional variations in health, jobs, safety, environment, access to services, civic engagement, housing, education, income, and employment. These notes are from the OECD publication "How's Life in Your Region?".
Getting regions and cities 'right', adapting policies to the specificities of where people live and work, is vital to improving citizens’ well-being. View the country factsheets from the publication OECD Regional Outlook 2014.
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Denmark continues to be the OECD country that invests the greatest share of its wealth in education. As in 2010, in 2011 Denmark was the OECD country that spent the largest share of its wealth on education with a total expenditure on educational institutions of 7.9% of its GDP
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Following the onset the global economic and financial crisis, Denmark’s labour market performance has deteriorated significantly both in absolute terms and relative to the OECD average.
Surveys suggest that Denmark ranks close to or slightly above the OECD average in terms of student and adult skills, even though Denmark spends more than many OECD countries on education, labour market policies and adult learning. Sluggish productivity growth over the past two decades raises the question of how to develop better skills and use them more efficiently to achieve stronger and more inclusive growth.
Danish productivity has grown only weakly over the past two decades, both historically and in relation to other countries, despite sound policies and institutions. Denmark needs to continue its efforts to reap the benefits of globalisation, which would contribute to invigorating productivity growth.