Gross public sector debt as a share of gross domestic product in Denmark
Denmark: Gross public sector debt as a share of gross domestic product was 21.9% in 2024. ▼ Falling
Gross public sector debt as a share of gross domestic product in Denmark, 2012–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, gross public sector debt as a share of gross domestic product in Denmark stood at 21.9%. That is the lowest value across all 13 years on record.
Compared with earlier readings it is down 8.3% on the previous year and down 41.5% over ten years.
Over the whole period, gross public sector debt as a share of gross domestic product in Denmark peaked at 38.3% in 2012 and was at its lowest, 21.9%, in 2024.
Denmark ranks 46th of 49 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 13 years of available data.
Gross public sector debt as a share of gross domestic product in Denmark, year by year
| Year | % | Change |
|---|---|---|
| 2012 | 38.3% | — |
| 2013 | 37.0% | -3.4% |
| 2014 | 37.4% | +1.2% |
| 2015 | 32.2% | -14.0% |
| 2016 | 29.5% | -8.4% |
| 2017 | 28.4% | -3.6% |
| 2018 | 26.6% | -6.4% |
| 2019 | 26.4% | -0.6% |
| 2020 | 35.1% | +32.7% |
| 2021 | 29.4% | -16.1% |
| 2022 | 23.7% | -19.6% |
| 2023 | 23.9% | +0.9% |
| 2024 | 21.9% | -8.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 32.0% | 26.4% | 38.3% | 8 |
| 2020s | 26.8% | 21.9% | 35.1% | 5 |
Countries ranked near Denmark
- 43 Luxembourg 24.4% compare
- 44 Bulgaria 23.3% compare
- 45 Estonia 22.9% compare
- 47 Sweden 20.2% compare
- 48 Russian Federation 16.8% compare
- 49 Switzerland 12.8% compare
More economy & growth data for Denmark
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9574 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current US$), annual growth 9.02 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8867 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 68,250 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.7 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 5.87 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 451,943 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.15 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7132 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross public sector debt as a share of gross domestic product in Denmark?
- Gross public sector debt as a share of gross domestic product in Denmark was 21.9% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest gross public sector debt as a share of gross domestic product recorded in Denmark?
- The highest recorded value was 38.3% in 2012.
- What is the lowest gross public sector debt as a share of gross domestic product recorded in Denmark?
- The lowest recorded value was 21.9% in 2024.
- How does Denmark rank for gross public sector debt as a share of gross domestic product?
- Denmark ranks 46th out of 49 countries with data for 2024.
- Is gross public sector debt as a share of gross domestic product rising or falling in Denmark?
- Over the last ten years it is down 41.5%. The long-run trend across the full record is falling.
- Where does this Denmark data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Gross public sector debt as a share of gross domestic product. Statizoid updates them automatically from the source API.
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About this data
Gross public sector debt, Central Government, as a proportion of GDP (%).