Denmark Economic Snapshot

Economic Forecast Summary (May 2021)

The Danish economy is projected to grow by 2.8% in 2021 and by 2.9% in 2022. With a severe wave of infections at the turn of the year, containment measures were reintroduced, hampering economic performance in the first half of 2021. The gradual reopening of the economy from March 2021 will allow an acceleration of demand and GDP. However, unemployment will only reach pre-pandemic levels in 2022.


Reform Priorities (April 2021)

Going for Growth 2021 - Denmark

Digital and green transitions require reducing barriers to mobility, such as inefficiencies in the housing market and weak competitive pressures in some markets. Improving education and integration of minorities would increase inclusion and the capacity of migrants to make the most of labour market opportunities.

©Shutterstock/Anton Petrus

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2021 Structural Reform Priorities

  • Housing: Reduce distortions in the housing market
  • Competition and regulation: Strengthen competition
  • Tax system: Shift the tax structure towards immovable capital
  • Education and skills and labour market: Improve integration of refugees and migrants
  • Environmental policy: Address climate change cost-efficiently

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Economic Survey of Denmark (January 2019)

Denmark has traditionally delivered high living standards to its citizens and left few behind. High and equally-distributed incomes translate into strong feelings of wellbeing according to a range of measures. What is more, there is equality of opportunities across generations in terms of income, education and health. Commitment to addressing environmental challenges has made Denmark a frontrunner in green growth.