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Denmark Debt to GDP Ratio

Denmark's government debt to GDP fell to 31.1% in 2024 from 33.6% in 2023. This decline resulted from persistent budget surpluses including a 3.3% surplus in 2023 and strong economic growth. High employment and a robust export sector contributed to a reduction in central government debt by DKK 77 billion. Denmark's record low government debt to GDP was 27.3% in 2007 and record high was 58.1% in 1999.

Yearly Historical Data (1999-2024)

(in %)
Year Debt to GDP Ratio
2024 31.1%
2023 33.6%
2022 34.1%
2021 40.5%
2020 46.3%
2019 38.3%
2018 38.5%
2017 40.2%
2016 41.7%
2015 44.6%
2014 44.3%
2013 44%
2012 44.9%
2011 46.1%
2010 42.6%
2009 40.2%
2008 33.3%
2007 27.3%
2006 31.5%
2005 37.4%
2004 44.2%
2003 46.2%
2002 49.1%
2001 48.5%
2000 52.4%
1999 58.1%
Denmark Debt to GDP Ratio : Definition
Denmark's government debt to GDP shows its debt relative to its economic output. It's calculated by dividing total government debt by gross domestic product. A lower ratio suggests better fiscal health.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 12.2% 11% Dec'24
Interest Rate 1.6% 1.6% Jul'25
Private Credit (% GDP) 142.44% 146.6% 2024