The European economy was weak in 2023, but a broad-based recession was ultimately avoided. While inflation is on its way down and interest rates will eventually start to fall, 2024 won’t bring a significant pickup in growth. Economies such as Germany and Austria are in a particularly dire state given broad-based industrial weakness. By contrast, a relentless inflow of tourists will support the tourism-dependent southern European economies. The...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Gross Domestic Product | 2023 Q4 | 587.23 | 575.81 | Bil. Ch. 2010 DKK, SA | Quarterly |
Nominal Gross Domestic Product | 2023 Q4 | 703.2 | 679.07 | Bil. DKK, SA | Quarterly |
Government Consumption | 2023 Q4 | 157.03 | 157.79 | Bil. DKK, SA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2023 Q4 | 147.05 | 157.43 | Bil. DKK, SA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2023 Q4 | 116.55 | 124.32 | Bil. Ch. 2010 DKK, SA | Quarterly |
Real Government Consumption | 2023 Q4 | 130.83 | 130.48 | Bil. Ch. 2010 DKK, SA | Quarterly |
Private Consumption | 2023 Q3 | 318.37 | 315.12 | Bil. DKK, SA | Quarterly |
Real Private Consumption | 2023 Q3 | 256.31 | 255.41 | Bil. Ch. 2010 DKK, SA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Producer Price Index (PPI) | Feb 2024 | 147.9 | 149.7 | Index 2015=100, NSA | Monthly |
Consumer Price Index (CPI) | Feb 2024 | 118.4 | 117.8 | Index 2015=100, NSA | Monthly |
Wholesale Price Index | 2016 | 106.15 | 107.66 | Index 2010 = 100 | Annual |
Labor | Reference | Last | Previous | Units | Frequency |
Unemployment Rate | Jan 2024 | 2.9 | 2.9 | % of Labor Force, SA | Monthly |
Unemployment | Jan 2024 | 86,242 | 86,634 | #, SA | Monthly |
Primary Industries Employment | 2023 Q4 | 69,599 | 70,184 | #, SA | Quarterly |
Wage & Salaries | 2023 Q4 | 363,255 | 360,107 | Mil. DKK, SA | Quarterly |
Total Employment | 2023 Q4 | 2,891 | 2,871 | Ths. #, SA | Quarterly |
Labor Force Employment | 2023 Q4 | 2,891 | 2,871 | Ths. #, SA | Quarterly |
Labor Force | 2023 Q4 | 3,037 | 3,019 | Ths. #, SA | Quarterly |
Tertiary Industries Employment | 2017 | 2,391,884 | 2,384,010 | # | Annual |
Secondary Industries Employment | 2017 | 571,618 | 563,845 | # | Annual |
Agriculture Employment | 2016 | 76,578 | 73,196 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Balance of Goods | Jan 2024 | 6,061 | 5,871 | Mil. DKK, SA | Monthly |
Imports of Goods | Jan 2024 | 74,103 | 75,089 | Mil. DKK, SA | Monthly |
Exports of Goods | Jan 2024 | 80,164 | 80,961 | Mil. DKK, SA | Monthly |
Current Account Balance | Jan 2024 | 25,029 | 32,779 | Mil. DKK, NSA | Monthly |
Exports of Goods and Services | 2023 Q4 | 503.18 | 477.86 | Bil. DKK, SA | Quarterly |
Real Exports of Goods and Services | 2023 Q4 | 430.54 | 407.21 | Bil. Ch. 2010 DKK, SA | Quarterly |
Real Imports of Goods and Services | 2023 Q4 | 358.53 | 354.63 | Bil. Ch. 2010 DKK, SA | Quarterly |
Imports of Goods and Services | 2023 Q4 | 418.09 | 423.15 | Bil. DKK, SA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Outstanding Public Debt | Jan 2024 | 628.33 | 621.74 | Bil. DKK, NSA | Monthly |
Outstanding Public Debt - Foreign | Jan 2024 | 26.2 | 24.04 | Bil. DKK, NSA | Monthly |
Outstanding Public Debt - Domestic | Jan 2024 | 602.13 | 597.7 | Bil. DKK, NSA | Monthly |
Gross External Debt | 2023 Q3 | 0 | 0 | USD, NSA | Quarterly |
Government Budget Balance | 2023 Q3 | 21,281 | 24,573 | Mil. DKK, NSA | Quarterly |
Government Expenditures | 2023 Q3 | 316,296 | 322,468 | Mil. DKK, NSA | Quarterly |
Government Revenues | 2023 Q3 | 337,578 | 347,040 | Mil. DKK, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Monetary Policy Rate | 15 Mar 2024 | 3.75 | 3.75 | % p.a., NSA | Business Daily |
Stock Market Index | 15 Mar 2024 | 2,698 | 2,751 | Index, NSA | Daily |
Average Long-term Government Bond | Feb 2024 | 2.63 | 2.58 | % p.a., NSA | Monthly |
Lending Rate | Feb 2024 | 3.6 | 3.6 | % p.a., NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
Building Permits | 2023 Q4 | 1,101,825 | 1,206,891 | M², NSA | Quarterly |
Non-residential Building Permits | 2023 Q4 | 46 | 182 | #, NSA | Quarterly |
Housing Starts | Dec 2023 | 1,779 | 1,845 | #, SA | Monthly |
Residential Building Permits | Dec 2023 | 1,760 | 1,864 | #, SA | Monthly |
Residential Housing Starts | 2023 Q4 | 1,609 | 2,678 | #, NSA | Quarterly |
Residential Building Completions | Dec 2023 | 2,486 | 3,942 | #, SA | Monthly |
House Price Index | 2023 Q3 | 147.6 | 145 | Index 2006=100, NSA | Quarterly |
Non-residential - Commercial & Retail - Vacancy | 2023 Q3 | 615,300 | 590,300 | m², NSA | Quarterly |
Non-residential - Industrial - Vacancy | 2023 Q3 | 1,339,500 | 1,314,100 | m², NSA | Quarterly |
Non-residential - Office - Vacancy | 2023 Q3 | 1,357,800 | 1,301,400 | m², NSA | Quarterly |
House Price Index for New Homes | 2023 Q3 | 123.3 | 124.28 | Index 2015=100, NSA | Quarterly |
House Price Index for Existing Homes | 2023 Q3 | 137.22 | 133.1 | Index 2015=100, NSA | Quarterly |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Feb 2024 | -7.4 | -8.4 | %, NSA | Monthly |
Retail Sales | Dec 2023 | 121.4 | 123 | Index 2015=100, SA | Monthly |
Personal Income | 2022 | 1,307,172,616 | 1,298,898,288 | Ths. DKK | Annual |
Business | Reference | Last | Previous | Units | Frequency |
Industrial Production | Dec 2023 | 152.8 | 155.6 | Index 2015=100, NSA | Monthly |
Real Change in Inventories | 2023 Q4 | -4.42 | -3.67 | Bil. Ch. 2010 DKK, SA | Quarterly |
Change in Inventories | 2023 Q4 | 0.82 | 0.57 | Bil. DKK, SA | Quarterly |
Capacity Utilization | 2023 Q4 | 82 | 82.5 | %, SA | Quarterly |
Business Confidence | Dec 2023 | 99.76 | 99.61 | Index long term avg=100, SA | Monthly |
Demographics | Reference | Last | Previous | Units | Frequency |
Births | 2023 Q4 | 13,820 | 15,286 | #, NSA | Quarterly |
Deaths | 2023 Q4 | 15,499 | 13,625 | #, NSA | Quarterly |
Population | 2023 Q4 | 5,961,249 | 5,959,464 | #, NSA | Quarterly |
Net Migration | 2017 | 75,998 | # | Annual | |
Death Rate | 2015 | 9.2 | 9.1 | # per Ths. pop. | Annual |
Birth Rate | 2015 | 10.2 | # per Ths. pop. | Annual |