Strong business environment facing secular challenges

AA1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in January 2024.

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GDP USD395.4bn (World ranking 40, World Bank 2022)
Population 5.9mn (World ranking 113, World Bank 2022)
Form of state Constitutional Monarchy
Head of state Mette Frederiksen (PM)
Next elections 2026, legislative
  • Strong business environment
  • Healthy public finances
  • High institutional effectiveness
  • Highly skilled workforce
  • Exposed housing market
  • Small and open economy
  • High tax burden
  • High amount of regulatory requirements

Trade structure by destination/origin

(% of total, annual 2022)

Exports Rank Imports
Germany 15.8%
1
20.1% Germany
Sweden 10.5%
2
12.3% Sweden
United States 9.4%
3
8.6% Netherlands
Netherlands 6.7%
4
8.4% China
Norway 5.3%
5
4.5% Poland

Trade structure by product

(% of total, annual 2022)

Exports Rank Imports
Medicinal and pharmaceutical products 10.3%
1
7.1% Road vehicles
Other industrial machinery and parts 7.0%
2
6.6% Petroleum, petroleum products and related materials
Meat and meat preparations 4.4%
3
5.4% Articles of apparel & clothing accessories
Petroleum, petroleum products and related materials 3.9%
4
5.2% Electrical machinery, apparatus and appliances, n.e.s.
Articles of apparel & clothing accessories 3.7%
5
4.8% Medicinal and pharmaceutical products
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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