Denmark
Chambre de Commerce - Fiche d'information pays Dernière mise à jour: 12.08.2021
Introduction
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
Indicateurs macroéconomiques
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 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Gross domestic product, constant prices Percent change | 1.489 | 1.698 | 1.905 | 1.723 | 1.645 |
| Gross domestic product, current prices U.S. dollars (Billions) | 352.058 | 347.176 | 360.506 | 376.572 | 393.851 |
| Gross domestic product per capita, current prices U.S. dollars (Units) | 60,897.231 | 59,795.269 | 61,732.569 | 64,106.781 | 66,656.961 |
| Inflation, average consumer prices Percent change | 0.709 | 1.300 | 1.500 | 1.800 | 2.000 |
| Volume of imports of goods and services Percent change | 3.298 | 2.192 | 2.447 | 2.462 | 2.400 |
| Volume of exports of goods and services Percent change | 0.401 | 1.781 | 2.334 | 2.173 | 2.047 |
| Unemployment rate Percent of total labor force | 4.958 | 4.958 | 4.958 | 5.000 | 5.000 |
| Current account balance U.S. dollars (Billions) | 20.070 | 19.250 | 18.836 | 18.642 | 18.956 |
| Current account balance Percent of GDP | 5.701 | 5.545 | 5.225 | 4.950 | 4.813 |
Source: IMF Statistics - Denmark
Le Luxembourg et le pays
Existing conventions and agreements
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.
- Convention from 17.11.1980 (Memorial 1982, A no.10, p.122)
- Effective as of 01.01.1979 (Memorial 1982, A no.10, p.122)
- Protocol Amendment from 04.06.2009 (Memorial 2010, A no.51, p.899)
- Effective as of 01.01.2011 (Memorial 2010, A no.51, p.899)
- Protocol Amendment from 09.07.2013 (Memorial 2014, A no.126, p.1813)
- Effective as of 01.01.2015 (Memorial 2014, A no.126, p.1813)
Air Services agreement
- Agreement from 10.06.1958 (Memorial 1960, p. 220 )
- Effective as of 26.02.1960 (Memorial 1960, p. 489)
Source: Administration des contributions directes
Plus d'informations
Foreign Trade
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.
Contact points in Denmark
Embassy of the Grand Duchy of Luxembourg in Denmark
Ambassador: Ms Janine FINCK
05, Fridtjof Nansens Plads
DK - 2100 Copenhagen
Denmark
Tel.: +45 35 26 82 00
Fax: +45 35 26 82 08
E-Mail: copenhague.amb(at)mae.etat.lu
Honorary Consul
Honorary Consul with jurisdiction over Jutland:
Mr Morten WINTHER
c/o Boyden A/S
Lille Torv 6A, 3rd Floor
DK-8000 Aarhus C
Denmark
Tel.: +45 70 262 261
Mobile: +45 20 28 28 84
E-Mail : aarhus(at)consul-hon.lu
Source: Ministry of Foreign Affairs of Luxembourg
Economic and Cultural Attaché:
Hans Henrik Simonsen Jensen
Tel: (+45) 35 25 62 71 (direct)
Fax: (+45) 35 26 82 08
Email: Henrik.Jensen(at)mae.etat.lu
Economic and Commercial Attaché (AWEX) in charge of Denmark
Economic and Commercial Attaché: Mrs Amandine PEKEL
Vesterbrogade 1E, 1. tv
1620 Copenhague V
Danemark
Tel: +45-33-13.02.11
E-mail: copenhague(at)awex-wallonia.com
Source: AWEX
Country risk as defined by Office du Ducroire for Denmark
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
Other useful links
- CIA World factbook on Denmark
- Nordic countries-Belgium-Luxembourg Chamber of Commerce
- Le Danemark sur le site de l'Awex
- copenhague.mae.lu/en
- Aspects culturels de la prospection commerciale au Danemark (Awex)
- Benelux Business Club
- Confederation of Danish Industry
- Danish Chamber of Commerce
- Copenhagen capacity
- Invest in Denmark
- Business in Denmark
La Chambre de Commerce et le pays
Evénements passés
- 01.02.2019
Journée d'Opportunités d'Affaires : Danemark (Copenhague)
- 23.01.2017
Journée d'Opportunités d'Affaires : Danemark, Suède, Norvège, Îles Féroé et Islande
- 24.11.2015 - 26.11.2015
Economic Mission to Denmark
- 01.04.2014
Journée d’Opportunités d’Affaires : Suède, Danemark, Norvège et Finlande
- 16.10.2013
Save the date: Conference on energy efficiency obligation schemes and Green Buildings