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 Private Consumption | 2023 Q4 | 261.09 | 256 | Bil. Ch. 2010 DKK, SA | Quarterly |
Private Consumption | 2023 Q4 | 323.4 | 318.6 | Bil. DKK, SA | Quarterly |
Real Government Consumption | 2023 Q4 | 130.75 | 130.73 | Bil. Ch. 2010 DKK, SA | Quarterly |
Nominal Gross Domestic Product | 2023 Q4 | 700.84 | 685.44 | Bil. DKK, SA | Quarterly |
Real Gross Domestic Product | 2023 Q4 | 589.86 | 574.93 | Bil. Ch. 2010 DKK, SA | Quarterly |
Government Consumption | 2023 Q4 | 157.19 | 158.03 | Bil. DKK, SA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2023 Q4 | 115.99 | 124.49 | Bil. Ch. 2010 DKK, SA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2023 Q4 | 146.2 | 157.6 | Bil. DKK, SA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Producer Price Index (PPI) | Mar 2024 | 146.6 | 147.9 | Index 2015=100, NSA | Monthly |
Consumer Price Index (CPI) | Mar 2024 | 118.4 | 118.4 | 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 | Feb 2024 | 2.9 | 2.9 | % of Labor Force, SA | Monthly |
Unemployment | Feb 2024 | 86,983 | 86,637 | #, SA | Monthly |
Primary Industries Employment | 2023 Q4 | 69,774 | 70,169 | #, SA | Quarterly |
Wage & Salaries | 2023 Q4 | 364,017 | 360,372 | 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 |
Exports of Goods | Feb 2024 | 82,116 | 80,633 | Mil. DKK, SA | Monthly |
Balance of Goods | Feb 2024 | 7,909 | 5,434 | Mil. DKK, SA | Monthly |
Imports of Goods | Feb 2024 | 74,206 | 75,198 | Mil. DKK, SA | Monthly |
Current Account Balance | Feb 2024 | 27,808 | 23,700 | Mil. DKK, NSA | Monthly |
Exports of Goods and Services | 2023 Q4 | 500.77 | 478.32 | Bil. DKK, SA | Quarterly |
Imports of Goods and Services | 2023 Q4 | 424.06 | 420.9 | Bil. DKK, SA | Quarterly |
Real Exports of Goods and Services | 2023 Q4 | 440.48 | 409.84 | Bil. Ch. 2010 DKK, SA | Quarterly |
Real Imports of Goods and Services | 2023 Q4 | 365.71 | 356.7 | Bil. Ch. 2010 DKK, SA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Outstanding Public Debt - Foreign | Mar 2024 | 26.3 | 25.9 | Bil. DKK, NSA | Monthly |
Outstanding Public Debt - Domestic | Mar 2024 | 603.28 | 607.53 | Bil. DKK, NSA | Monthly |
Outstanding Public Debt | Mar 2024 | 629.58 | 633.43 | Bil. DKK, NSA | Monthly |
Government Revenues | 2023 Q4 | 356,372 | 346,079 | Mil. DKK, NSA | Quarterly |
Government Budget Balance | 2023 Q4 | 6,655 | 25,684 | Mil. DKK, NSA | Quarterly |
Government Expenditures | 2023 Q4 | 349,717 | 320,395 | Mil. DKK, NSA | Quarterly |
Gross External Debt | 2023 Q3 | 0 | 0 | USD, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Monetary Policy Rate | 25 Apr 2024 | 3.75 | 3.75 | % p.a., NSA | Business Daily |
Stock Market Index | 25 Apr 2024 | 2,594 | 2,636 | Index, NSA | Daily |
Average Long-term Government Bond | Mar 2024 | 2.32 | 2.63 | % p.a., NSA | Monthly |
Lending Rate | Mar 2024 | 3.6 | 3.6 | % p.a., NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
House Price Index | 2023 Q4 | 98.7 | 98.9 | 2022=100, NSA | Quarterly |
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 for New Homes | 2023 Q4 | 124.28 | 123.3 | Index 2015=100, NSA | Quarterly |
House Price Index for Existing Homes | 2023 Q4 | 132 | 135.13 | Index 2015=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 |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Apr 2024 | -8.6 | -7.6 | %, NSA | Monthly |
Retail Sales | Feb 2024 | 107 | 106.1 | Index 2021=100, SA | Monthly |
Personal Income | 2022 | 1,307,172,616 | 1,298,898,288 | Ths. DKK | Annual |
Business | Reference | Last | Previous | Units | Frequency |
Capacity Utilization | 2024 Q1 | 80.7 | 82 | %, SA | Quarterly |
Industrial Production | Dec 2023 | 152.8 | 155.6 | Index 2015=100, NSA | Monthly |
Change in Inventories | 2023 Q4 | 0.63 | 0.49 | Bil. DKK, SA | Quarterly |
Real Change in Inventories | 2023 Q4 | -6.09 | -1.33 | Bil. Ch. 2010 DKK, 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 |