Denmark’s economy is in a solid upswing with real GDP growth expected to average around 2% over the forecast horizon. Employment growth is projected to remain strong and unemployment rate to fall further despite a growing labour force. Inflation is set to pick up, but only moderately. The general government deficit is projected to hover around 1% of GDP.

Indicators 2016 2017 2018 2019
GDP growth (%, yoy) 1,7 2,3 2,0 1,9
Inflation (%, yoy) 0,0 1,0 1,4 1,7
Unemployment (%) 6,2 5,9 5,6 5,5
Public budget balance (% of GDP) -0,6 -1,0 -1,0 -0,9
Gross public debt (% of GDP) 37,7 36,1 35,5 34,6
Current account balance (% of GDP) 7,9 8,4 8,3 8,2

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