In 2022, the inflation rate in Denmark amounted to 8.53 percent compared to the previous year. Forecasts see it rising to around two percent, the rate of inflation considered stable by economists.
Denmark’s economy in short
Denmark is a market economy with a consistent trade surplus, with most of its workforce employed in the services sector. It relies on foreign trade and exports mostly chemicals, agricultural products, and machinery. Denmark is not part of the euro area and thus has kept its currency, the Danish krone. Nevertheless, it was hit by the recession of 2008 and 2009, but has recovered quite well.
Everything’s stable in the state of Denmark
Despite a slump during the economic crisis around 2008 and 2009, Denmark’s economy is considered to be thriving. Key economic indicators all point to a bright future: Unemployment has been decreasing for the last few years, GDP growth has been steady, and additionally, Denmark scored quite high on the Human Development Index (HDI) – a sure sign that economy and living conditions in the country are stable.
Denmark: Inflation rate from 1987 to 2029
(compared to the previous year)
Characteristic
Inflation rate compared to previous year
2029*
2%
2028*
2%
2027*
2%
2026*
2%
2025*
2.2%
2024*
1.8%
2023*
3.35%
2022
8.53%
2021
1.94%
2020
0.33%
2019
0.73%
2018
0.71%
2017
1.06%
Zoomable Statistic: Select the range in the chart you want to zoom in on.
Created with Highcharts 7.2.2Inflation rate compared to previous year3.98%3.98%4.53%4.53%4.78%4.78%6.84%6.84%2.17%2.17%1.94%1.94%0.87%0.87%1.84%1.84%2.04%2.04%2.09%2.09%1.93%1.93%1.31%1.31%2.04%2.04%2.75%2.75%2.27%2.27%2.4%2.4%1.96%1.96%0.94%0.94%1.73%1.73%1.84%1.84%1.66%1.66%3.64%3.64%1.04%1.04%2.2%2.2%2.66%2.66%2.35%2.35%0.52%0.52%0.35%0.35%0.23%0.23%0.02%0.02%1.06%1.06%0.71%0.71%0.73%0.73%0.33%0.33%1.94%1.94%8.53%8.53%3.35%3.35%1.8%1.8%2.2%2.2%2%2%2%2%2%2%2%2%1987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023*2024*2025*2026*2027*2028*2029*
0%2%4%6%8%10%
Add this content to your personal favorites. These can be accessed from the favorites menu in the main navigation.
You have no right to use this feature.
Make sure to contact us if you are interested in scientific citation.
You can upgrade your account to enable this functionality for all statistics.
This feature is not available with your current account.Request access
Learn more about how Statista can support your business.
IMF. (October 22, 2024). Denmark: Inflation rate from 1987 to 2029 (compared to the previous year) [Graph]. In Statista. Retrieved February 20, 2025, from https://www.statista.com/statistics/318356/inflation-rate-in-denmark/
IMF. "Denmark: Inflation rate from 1987 to 2029 (compared to the previous year)." Chart. October 22, 2024. Statista. Accessed February 20, 2025. https://www.statista.com/statistics/318356/inflation-rate-in-denmark/
IMF. (2024). Denmark: Inflation rate from 1987 to 2029 (compared to the previous year). Statista. Statista Inc.. Accessed: February 20, 2025. https://www.statista.com/statistics/318356/inflation-rate-in-denmark/
IMF. "Denmark: Inflation Rate from 1987 to 2029 (Compared to The Previous Year)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/318356/inflation-rate-in-denmark/
IMF, Denmark: Inflation rate from 1987 to 2029 (compared to the previous year) Statista, https://www.statista.com/statistics/318356/inflation-rate-in-denmark/ (last visited February 20, 2025)
Denmark: Inflation rate from 1987 to 2029 (compared to the previous year) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/318356/inflation-rate-in-denmark/
Profit from additional features with an Employee Account
Please create an employee account to be able to mark statistics as favorites.
Then you can access your favorite statistics via the star in the header.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.