

Once the seat of Viking raiders and later a major north European power, Denmark has evolved into a modern, prosperous nation that is participating in the general political and economic integration of Europe. It joined NATO in 1949 and the EEC (now the EU) in 1973. However, the country has opted out of certain elements of the EU's Maastricht Treaty, including the European Economic and Monetary Union, European defense cooperation, and issues concerning certain justice and home affairs.
Source: The CIA World Factbook - Denmark
GDP is projected to grow at close to 2% in 2018 and 2019, supported by accelerating private consumption and an improved external environment. While rising labour force participation will partly help to meet growing labour demand, wage and price inflation are expected to rise as labour shortages increase. A decreasing trade balance will slowly reduce the considerable current account surplus.
The fiscal policy stance is expected to support growth. A tighter fiscal stance would be prudent, given continued very accommodative monetary policy conditions and intensifying supply-side constraints. The buoyant economic conditions and solid housing market present a welcome opportunity to further shift the tax structure from labour towards immovable capital and ease rent regulation to reduce the price pressure on owner-occupied dwellings.
Source: OECD - Economic Forecast
IMF Statistics:
| Subject descriptor | 2014 | 2015 | 2016 | 2017 | 2018 |
|---|---|---|---|---|---|
| Gross domestic product, constant prices Percent change | 1.263 | 0.986 | 1.013 | 1.446 | 1.684 |
| Gross domestic product, current prices U.S. dollars (Billions) | 346.119 | 295.091 | 302.571 | 314.766 | 326.813 |
| Gross domestic product per capita, current prices U.S. dollars (Units) | 61,507.911 | 52,138.903 | 53,242.908 | 55,154.491 | 57,017.320 |
| Inflation, average consumer prices Percent change | 0.564 | 0.452 | 0.400 | 1.100 | 1.400 |
| Volume of imports of goods and services Percent change | 3.310 | -0.001 | 4.573 | 5.619 | 5.622 |
| Volume of exports of goods and services Percent change | 3.050 | 0.299 | 3.703 | 4.795 | 4.796 |
| Unemployment rate Percent of total labor force | 6.533 | 6.175 | 6.000 | 5.800 | 5.800 |
| Current account balance U.S. dollars (Billions) | 26.712 | 20.749 | 20.342 | 20.841 | 20.848 |
| Current account balance Percent of GDP | 7.718 | 7.031 | 6.723 | 6.621 | 6.379 |
Source: IMF Statistics - Denmark
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
Air Services agreement
Source: Administration des contributions directes
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Embassy of the Grand Duchy of Luxembourg in Denmark
Ambassador: Mrs Janine FINCK
05, Fridtjof Nansens Plads
DK - 2100 COPENHAGEN
Tel.: +45 35 26 82 00
Fax: +45 35 26 82 08
Email: copenhague.amb(at)mae.etat.lu
Honorary Consul
Honorary Consul with jurisdiction over Jutland: Mr Poul Viggo Bartels PETERSEN
Raadhuspladsen, 3
DK-8000 Aarhus C
Tel: +45 38 77 45 88
E-Mail: pvp(at)kromannreumert.com
Honorary Consul with jurisdiction over Greenland: Mr Jens PAULSEN
Advokatfirmaet Paulsen|Keldsen
Kissarneqqortuunnguaq 9
Postboks 510
3900 Nuuk
Tel: +299 32 12 52
E-Mail: jens(at)paulsen.gl
Source: Ministry of Foreign Affairs of Luxembourg
Economic and Commercial Attaché (AWEX) in charge of Denmark
Economic and Commercial Attaché: Mrs Martine Leclercq
Vesterbrogade 1E, 1. tv
1620 Copenhague V
Danemark
Tel: +45-33-13.02.11
E-mail: copenhague(at)awex-wallonia.com
Source: AWEX
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Link: Ducroire Office - Country Risk for Denmark