Market Insights

Expert analysis and updates on the Scandinavian real estate market to guide informed investment decisions

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Denmark

A thriving economy with a high standard of living, offering prime investment opportunities in its dynamic real estate market

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Denmark

Macro Economic Environment

Denmark supports a high standard of living, its per capita gross national product is among the highest in the world, with well- developed social services.

The economy is based primarily on service industries, trade, and manufacturing; only a tiny percentage of the population is engaged in agriculture and fishing. Small enterprises are dominant.

Denmark is relatively small in area and population when compared to South Africa. Denmark consists of 42,933 km2 (South Africa 1,220,000 km2), with a population of 5.8 million people (South Africa 58 million).

The average wealth in Denmark is also considerably more than in South Africa, with a per capita annual income of USD 56 307, against South Africa’s USD 7 433. The unemployment rate in Denmark is low at 3,7% (Feb. 2020).

Denmark Overview

  • 5.9 million inhabitants
  • 81.3 years average life expectancy
  • 86 % English speakers
  • 38 % of 25 to 64 year-olds have completed
  •            medium- or long-cycle education
  • No 1 Corruption Perceptions Index rank, Europe (Transparency International, 2022)
  • No 2 Happiest Country (World Happiness Report, 2023)
  • No 1 World Competitive Index (IMD, 2023)
  • No 1 Ease of Doing Business rank, Europe (World Bank, 2021)
  • No 6 Human Development Index rank (UN, 2022)