Strong business environment amid high geopolitical risks
AA1
LOW RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in July 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 |
Strengths & Weaknesses
![Strenghts](/en_global/economic-research/country-reports/Denmark/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-0-par/wrapper_copy_copy/wrapper/image.img.82.3360.png/1720687529774/plus.png)
- Strong business environment
- Healthy public finances
- High institutional effectiveness
- Highly skilled workforce
![Weaknesses](/en_global/economic-research/country-reports/Denmark/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-1-par/wrapper_copy/wrapper/image.img.82.3360.png/1720687542983/minus.png)
- Exposed housing market
- Small and open economy
- High tax burden
- High amount of regulatory requirements
Economic Overview
Trade structure by destination/origin
(% of total, annual 2022)
Exports | Rank | Imports |
---|---|---|
Germany
15.8%
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1 |
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Sweden
10.5%
![]() |
2 |
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United States
9.4%
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3 |
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Netherlands
6.7%
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4 |
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Norway
5.3%
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5 |
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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%
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2 |
6.6%
Petroleum, petroleum products and related materials
|
Meat and meat preparations
4.4%
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3 |
5.4%
Articles of apparel & clothing accessories
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Petroleum, petroleum products and related materials
3.9%
|
4 |
5.2%
Electrical machinery, apparatus and appliances, n.e.s.
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Articles of apparel & clothing accessories
3.7%
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5 |
4.8%
Medicinal and pharmaceutical products
|
Collection Complexity
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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