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Denmark Labour Productivity Growth

1991 - 2024 | Quarterly | % | CEIC Data

Key information about Denmark Labour Productivity Growth

  • Denmark Labour Productivity dropped by 2.65 % YoY in Dec 2024, compared with a growth of 2.92 % in the previous quarter
  • Denmark Labour Productivity Growth data is updated quarterly, available from Mar 1991 to Dec 2024, averaging at 1.32 %
  • The data reached an all-time high of 8.22 % in Jun 2021 and a record low of -5.07 % in Dec 2008

CEIC calculates Labour Productivity Growth from quarterly Real GDP and quarterly Employment. Statistics Denmark provides Real GDP in local currency, at 2020 prices and Employment.


Further information about Denmark Labour Productivity Growth

  • In the latest reports, Denmark Population reached 5.84 Person mn in Dec 2020
  • Its Unemployment Rate dropped to 4.90 % in May 2023
  • Monthly Earnings of Denmark stood at 6,905.44 USD in Dec 2023
  • The country's Labour Force Participation Rate increased to 73.80 % in Dec 2024

View Denmark's Labour Productivity Growth from Mar 1991 to Dec 2024 in the chart:

Denmark Labour Productivity Growth

What was Denmark's Labour Productivity Growth in Dec 2024?

Denmark Labour Productivity dropped by 2.65 % YoY in Dec 2024, compared with a growth of 2.92 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.65 Dec 2024 2.92 Sep 2024 -5.07 Dec 2008 8.22 Jun 2021 % quarterly Mar 1991 - Dec 2024

Labour Productivity Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 1.59 Jun 2023 quarterly Mar 2010 - Jun 2023
Algeria (%) 2.13 2023 yearly 1992 - 2023
Argentina (%) -4.29 2023 yearly 1992 - 2023
Armenia (%) 6.91 Sep 2024 quarterly Mar 2009 - Sep 2024
Australia (%) -1.36 Dec 2024 quarterly Jun 1979 - Dec 2024
Austria (%) -0.33 Dec 2024 quarterly Mar 2005 - Dec 2024
Azerbaijan (%) 3.56 Sep 2024 quarterly Mar 2009 - Sep 2024
Bahrain (%) -3.79 Jun 2023 quarterly Mar 2009 - Jun 2023
Bangladesh (%) 3.97 2023 yearly 1992 - 2023
Belarus (%) 3.86 Sep 2024 quarterly Mar 2006 - Sep 2024
Belgium (%) 0.41 Dec 2024 quarterly Mar 2000 - Dec 2024
Bolivia (%) 0.41 2023 yearly 2000 - 2023
Bosnia and Herzegovina (%) -0.91 2023 yearly 2007 - 2023
Botswana (%) 7.48 Dec 2022 quarterly Sep 2008 - Dec 2022
Brazil (%) 0.53 2024 yearly 1992 - 2024
Brunei (%) 1.40 2024 yearly 1992 - 2024
Bulgaria (%) 3.15 Dec 2024 quarterly Mar 2001 - Dec 2024
Cambodia (%) 1.04 2021 yearly 2008 - 2021
Canada (%) 0.47 Dec 2024 quarterly Mar 1977 - Dec 2024
Chile (%) -0.25 Sep 2024 quarterly Mar 1987 - Sep 2024
China (%) 5.84 2024 yearly 1953 - 2024
Colombia (%) 0.16 Dec 2024 quarterly Mar 2002 - Dec 2024
Croatia (%) -1.53 Sep 2024 quarterly Mar 2008 - Sep 2024
Cyprus (%) 0.27 Dec 2024 quarterly Jun 2005 - Dec 2024
Czech Republic (%) -0.23 Sep 2024 quarterly Mar 1997 - Sep 2024
Denmark (%) 2.65 Dec 2024 quarterly Mar 1991 - Dec 2024
Ecuador (%) 1.76 2023 yearly 1992 - 2023
Egypt (%) 2.27 Sep 2024 quarterly Mar 2004 - Sep 2024
Estonia (%) 0.98 Dec 2024 quarterly Mar 1996 - Dec 2024
European Union (%) 0.67 Dec 2024 quarterly Mar 2006 - Dec 2024
Finland (%) 1.75 Dec 2024 quarterly Mar 1991 - Dec 2024
France (%) -0.13 2023 yearly 1979 - 2023
Georgia (%) 3.72 2023 yearly 1997 - 2023
Germany (%) -0.38 Dec 2024 quarterly Mar 1992 - Dec 2024
Ghana (%) 0.45 2023 yearly 1992 - 2023
Greece (%) 1.34 Dec 2024 quarterly Mar 1996 - Dec 2024
Hong Kong SAR, China (%) 2.27 Dec 2024 quarterly Dec 1982 - Dec 2024
Hungary (%) 0.89 Dec 2024 quarterly Mar 1999 - Dec 2024
Iceland (%) 0.23 Dec 2024 quarterly Mar 2004 - Dec 2024
India (%) 2.80 2022 yearly 1992 - 2022
Indonesia (%) 1.55 2024 yearly 2001 - 2024
Iran (%) 3.69 2023 yearly 1992 - 2023
Ireland (%) 6.43 Dec 2024 quarterly Mar 1999 - Dec 2024
Israel (%) 5.35 Dec 2024 quarterly Mar 2013 - Dec 2024
Italy (%) 0.01 Dec 2024 quarterly Mar 1997 - Dec 2024
Ivory Coast (%) 3.26 2023 yearly 1992 - 2023
Japan (%) 0.41 Dec 2024 quarterly Mar 1995 - Dec 2024
Jordan (%) 1.17 2021 yearly 2001 - 2021
Kazakhstan (%) 3.91 Dec 2023 quarterly Mar 2002 - Dec 2023
Kenya (%) 0.50 2023 yearly 2011 - 2023
South Korea (%) 1.01 Dec 2024 quarterly Sep 1983 - Dec 2024
Kosovo (%) -6.22 Dec 2023 quarterly Mar 2017 - Dec 2023
Kuwait (%) 1.60 2018 yearly 1992 - 2018
Kyrgyzstan (%) 5.93 2023 yearly 1993 - 2023
Laos (%) 1.80 2023 yearly 1992 - 2023
Latvia (%) 0.85 Dec 2024 quarterly Mar 2003 - Dec 2024
Lebanon (%) 2.12 2023 yearly 1992 - 2023
Lithuania (%) 2.12 Dec 2024 quarterly Mar 1996 - Dec 2024
Luxembourg (%) 0.02 Sep 2024 quarterly Mar 1996 - Sep 2024
Macau SAR, China (%) 1.46 Dec 2024 quarterly Mar 2002 - Dec 2024
North Macedonia (%) 1.27 Dec 2024 quarterly Mar 2005 - Dec 2024
Malawi (%) -1.72 2023 yearly 1992 - 2023
Malaysia (%) 2.41 Sep 2024 quarterly Mar 2001 - Sep 2024
Malta (%) -1.43 Dec 2024 quarterly Dec 2001 - Dec 2024
Mauritius (%) 5.39 Sep 2024 quarterly Mar 2005 - Sep 2024
Mexico (%) 0.33 Dec 2024 quarterly Jun 1996 - Dec 2024
Moldova (%) 1.56 Sep 2024 quarterly Mar 2001 - Sep 2024
Mongolia (%) 2.25 Dec 2024 quarterly Sep 2007 - Dec 2024
Montenegro (%) 4.92 Sep 2024 quarterly Mar 2011 - Sep 2024
Morocco (%) 4.95 2023 yearly 2000 - 2023
Mozambique (%) 2.10 2023 yearly 1992 - 2023
Myanmar (%) -43.15 2022 yearly 1992 - 2022
Nepal (%) 1.46 2023 yearly 1992 - 2023
Netherlands (%) 1.13 Dec 2024 quarterly Mar 1996 - Dec 2024
New Zealand (%) -0.50 Sep 2024 quarterly Jun 1988 - Sep 2024
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) -0.90 Dec 2024 quarterly Mar 1996 - Dec 2024
Oman (%) -4.24 2023 yearly 1999 - 2023
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) 2.87 Sep 2023 quarterly Dec 2009 - Sep 2023
Panama (%) 5.57 2023 yearly 1992 - 2023
Paraguay (%) 3.22 Sep 2024 quarterly Mar 2018 - Sep 2024
Peru (%) -0.87 2022 yearly 2002 - 2022
Philippines (%) 3.32 2023 yearly 1992 - 2023
Poland (%) 4.15 Dec 2024 quarterly Dec 1999 - Dec 2024
Portugal (%) 1.00 Dec 2024 quarterly Mar 1996 - Dec 2024
Qatar (%) -0.77 2023 yearly 2012 - 2023
Romania (%) 0.11 Sep 2024 quarterly Mar 1996 - Sep 2024
Russia (%) 3.11 Dec 2023 quarterly Mar 1996 - Dec 2023
Saudi Arabia (%) -3.93 2022 yearly 1971 - 2022
Serbia (%) 1.87 Sep 2024 quarterly Mar 2015 - Sep 2024
Singapore (%) 3.50 Dec 2024 quarterly Mar 1986 - Dec 2024
Slovakia (%) 1.57 Dec 2024 quarterly Mar 1996 - Dec 2024
Slovenia (%) 1.88 Dec 2024 quarterly Mar 1996 - Dec 2024
South Africa (%) -0.89 Sep 2024 quarterly Mar 2009 - Sep 2024
Spain (%) 1.00 Dec 2024 quarterly Mar 1996 - Dec 2024
Sri Lanka (%) 5.03 Jun 2024 quarterly Jun 2013 - Jun 2024
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) 2.56 Dec 2024 quarterly Mar 1994 - Dec 2024
Switzerland (%) 0.89 Dec 2024 quarterly Mar 2011 - Dec 2024

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Denmark Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 3.5 Sep 2024 quarterly Dec 1999 - Sep 2024
Consolidated Fiscal Balance (USD mn) 3,083.691 Sep 2024 quarterly Mar 1999 - Sep 2024
Tax Revenue (USD mn) 46,725.960 Sep 2024 quarterly Mar 1999 - Sep 2024
Tax Revenue: % of GDP (%) 43.0 Sep 2024 quarterly Mar 1999 - Sep 2024
National Government Debt (USD mn) 144,478.2 Sep 2024 quarterly Mar 2000 - Sep 2024
Government Debt: % of GDP (%) 33.6 Sep 2024 quarterly Mar 2000 - Sep 2024
Forecast: Government Expenditure (DKK bn) 1,663.394 2029 yearly 1980 - 2029
Forecast: Government Net Debt (DKK bn) 925.965 2029 yearly 1992 - 2029
Forecast: Government Revenue (DKK bn) 1,661.452 2029 yearly 1980 - 2029
General Government Revenue (DKK mn) 356,936.000 Sep 2024 quarterly Mar 1999 - Sep 2024
General Government Expenditure: Capital (DKK mn) 29,967.000 Sep 2024 quarterly Mar 1999 - Sep 2024
General Government: Overall Surplus (DKK mn) 20,936.000 Sep 2024 quarterly Mar 1999 - Sep 2024
General Government Expenditure: Current (DKK mn) 268,269.000 Dec 2018 quarterly Mar 1999 - Dec 2018
General Government Revenue: Current: Taxes on Production and Imports: ow Value A... (DKK mn) 57,510.000 Dec 2018 quarterly Mar 1999 - Dec 2018
General Government Revenue: Current (DKK mn) 290,258.000 Dec 2018 quarterly Mar 1999 - Dec 2018
General Government Expenditure (DKK mn) 336,001.000 Sep 2024 quarterly Mar 1999 - Sep 2024
Central Government Debt: Gross: Domestic (DKK bn) 579.100 Jan 2025 monthly Dec 1990 - Jan 2025
Central Government Debt: Gross: Foreign (DKK bn) 22.556 Jan 2025 monthly Dec 1990 - Jan 2025
Central Government Debt: Gross (DKK bn) 601.657 Jan 2025 monthly Dec 1990 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.870 2029 yearly 1980 - 2029
Trade Balance (USD mn) 5,222.0 Dec 2024 monthly Jan 1997 - Dec 2024
Total Exports (USD mn) 15,976.3 Dec 2024 monthly Jan 1997 - Dec 2024
Total Exports Growth (%) 17.3 Dec 2024 monthly Jan 1998 - Dec 2024
Aluminum: Exports (USD th) 921,217.264 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 10,765,440.512 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 4,743,223.619 2023 yearly 1995 - 2023
Total Imports (USD mn) 10,754.3 Dec 2024 monthly Jan 1997 - Dec 2024
Total Imports Growth (%) 0.3 Dec 2024 monthly Jan 1998 - Dec 2024
Imports: Medicament (USD th) 3,961,183.575 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 1,632,019.274 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 868.035 Jan 2025 monthly Feb 1975 - Jan 2025
Total Imports from USA (USD mn) 897.548 Jan 2025 monthly Feb 1975 - Jan 2025
Total Exports to China (USD mn) 542.584 Jan 2025 monthly Feb 1975 - Jan 2025
Total Imports from China (USD mn) 826.924 Jan 2025 monthly Feb 1975 - Jan 2025
Natural Gas Exports: Sweden (TJ) 1,837.036 Dec 2024 monthly Jan 2002 - Dec 2024
Natural Gas Exports: Germany (TJ) 331.595 Dec 2024 monthly Jan 2002 - Dec 2024
Natural Gas Exports: Netherlands (TJ) 5,977.642 Dec 2024 monthly Jan 2002 - Dec 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -2,580.3 Dec 2024 monthly Jan 1999 - Dec 2024
Current Account Balance (USD mn) 5,296.0 Apr 2023 monthly Jan 2005 - Apr 2023
Current Account Balance: % of GDP (%) 17.5 Dec 2024 quarterly Mar 1990 - Dec 2024
Foreign Direct Investment (USD mn) -8,630.0 Dec 2024 monthly Jan 1999 - Dec 2024
Foreign Direct Investment: % of GDP (%) 4.1 Dec 2024 quarterly Mar 1999 - Dec 2024
Foreign Portfolio Investment (USD mn) 590.515 Dec 2024 quarterly Mar 1999 - Dec 2024
Foreign Portfolio Investment: % of GDP (%) 0.4 Dec 2024 quarterly Mar 1999 - Dec 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 673.5 Jun 2024 quarterly Mar 1975 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 9,659.746 Jun 2024 quarterly Mar 1975 - Jun 2024
External Debt (USD mn) 589,783.1 Sep 2024 quarterly Dec 2005 - Sep 2024
External Debt: % of GDP (%) 132.3 2023 yearly 2005 - 2023
External Debt: Short Term (USD mn) 260,282.0 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: Short Term: % of GDP (%) 58.5 2023 yearly 2005 - 2023
Total Debt: % of GDP (%) 833.8 2023 yearly 1994 - 2023
Forecast: Current Account Balance (USD bn) 42.035 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 243,075.992 Sep 2024 quarterly Mar 2005 - Sep 2024
BoP: Net Errors and Omissions (DKK mn) 25,422.000 Jan 2025 monthly Jan 2005 - Jan 2025
Balance of Payments (BoP): Current Account (DKK mn) 30,001.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: Current Account: Secondary Income (DKK mn) -4,888.300 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: Current Account: Goods and Services: Services (DKK mn) 1,781.600 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: Current Account: Goods and Services (DKK mn) 24,909.200 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: Current Account: Primary Income (DKK mn) 9,980.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: Current Account: Goods and Services: Goods f.o.b (DKK mn) 23,127.700 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Net Assets: Other Investments (DKK mn) 40,272.000 Jan 2025 monthly Jan 2005 - Jan 2025
Balance of Payment (BoP): Financial Account (FA): Net Assets (DKK mn) 55,648.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Assets: Direct Investments (DKK mn) 19,620.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Net Assets: Reserve Assets (DKK mn) 8.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Assets: Portfolio Investments (DKK mn) -31,657.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Liabilities (DKK mn) -107,928.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Net Assets: Financial Derivatives (DKK mn) 7,696.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Liabilities: Portfolio Investments (DKK mn) -12,821.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Net Assets: Portfolio Investments (DKK mn) -18,836.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Liabilities: Direct Investments (DKK mn) -6,888.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Assets (DKK mn) -52,280.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Liabilities: Other Investments (DKK mn) -32,890.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Assets: Reserve Assets (DKK mn) 8.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Assets: Financial Derivatives (DKK mn) -47,633.000 Jan 2025 monthly Jan 2005 - Jan 2025
BoP: FA: Net Assets: Direct Investments (DKK mn) 26,508.000 Jan 2025 monthly Jan 2005 - Jan 2025
International Investment Position (IIP): Net (DKK mn) 1,625,911.000 Sep 2024 quarterly Mar 2005 - Sep 2024
International Investment Position (IIP): Assets (DKK mn) 11,023,977.000 Sep 2024 quarterly Mar 2005 - Sep 2024
International Investment Position (IIP): Liabilities (DKK mn) 9,398,066.000 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross External Debt (DKK bn) 3,945.000 Sep 2024 quarterly Dec 2005 - Sep 2024
Gross External Debt: Short Term (DKK bn) 1,741.000 Sep 2024 quarterly Mar 2005 - Sep 2024
Gross External Debt: Long Term (DKK bn) 2,204.000 Sep 2024 quarterly Dec 2005 - Sep 2024
Danish Direct Investment (DKK bn) -22.582 Jun 2024 quarterly Mar 2005 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.9 Sep 2024 quarterly Dec 2010 - Sep 2024
Household Debt: % of GDP (%) 92.2 2023 yearly 1994 - 2023
Money Supply M1 (USD mn) 186,387.350 Aug 2017 monthly Jan 1995 - Aug 2017
Money Supply M2 (USD mn) 203,577.099 Aug 2017 monthly Jan 1995 - Aug 2017
M2 Growth (%) 3.4 Aug 2017 monthly Jan 1996 - Aug 2017
Foreign Exchange Reserves (USD mn) 79,109.1 Jan 2025 monthly Jan 2002 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 18.979 Dec 2024 quarterly Mar 2002 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 7.6 Dec 2024 monthly Jan 2002 - Dec 2024
Gold Reserves (USD mn) 5,993.115 Jan 2025 monthly Jan 1962 - Jan 2025
Total Deposits (USD mn) 295,313.499 Jan 2025 monthly Jan 2003 - Jan 2025
Total Deposits Growth (%) 6.5 Jan 2025 monthly Jan 2004 - Jan 2025
Domestic Credit (USD mn) 720,166.3 Dec 2024 monthly Dec 2001 - Dec 2024
Domestic Credit Growth (%) -8.3 Dec 2024 monthly Dec 2002 - Dec 2024
Debt Service Ratio: Households (%) 12.500 Sep 2024 quarterly Mar 1999 - Sep 2024
Debt Service Ratio: Private Non-Financial Sector (%) 25.600 Sep 2024 quarterly Mar 1999 - Sep 2024
Credit to Households (USD bn) 376.655 Sep 2024 quarterly Dec 1994 - Sep 2024
Credit to Private Non-Financial Sector (USD bn) 937.463 Sep 2024 quarterly Sep 1953 - Sep 2024
Household Debt (USD mn) 383,590.8 2023 yearly 1994 - 2023
Total Loans (USD mn) 114,741.920 Jan 2025 monthly Oct 2013 - Jan 2025
Total Loans Growth (%) 5.32 Jan 2025 monthly Oct 2014 - Jan 2025
Private Debt: % of Nominal GDP (%) 27.76 Dec 2024 quarterly Dec 2013 - Dec 2024
Money Supply: M3: M2 (DKK bn) 1,825.743 Jan 2025 monthly Jan 1991 - Jan 2025
Money Supply: M2: M1: sa (DKK bn) 1,165.480 Aug 2017 monthly Jan 1995 - Aug 2017
Money Supply: M3 (DKK bn) 2,011.174 Jan 2025 monthly Jan 1991 - Jan 2025
Money Supply: M3: M2: M1 (DKK bn) 1,549.223 Jan 2025 monthly Jan 1991 - Jan 2025
Money Supply: M2: sa (DKK bn) 1,272.968 Aug 2017 monthly Jan 1995 - Aug 2017
Official Reserve Assets (DKK bn) 689.900 Jan 2025 monthly Dec 1999 - Jan 2025
Official Reserve Assets: Foreign Currency Reserves (FC) (DKK bn) 356.800 Jan 2025 monthly Jan 2002 - Jan 2025
Official Reserve Assets: Gold (DKK bn) 17.800 Dec 2018 monthly Dec 1999 - Dec 2018
Payment Cards: Transactions: Value: Issued in Denmark (DKK mn) 211,930.000 Sep 2024 quarterly Mar 2016 - Sep 2024
Payment Cards: Transactions: Value: Issued Abroad (DKK mn) 14,419.000 Sep 2024 quarterly Mar 2016 - Sep 2024
Banks Loans: Outstanding: Financial Corporations (DKK mn) 531,022.700 Jan 2025 monthly Oct 2013 - Jan 2025
Banks Loans: Outstanding: Total (DKK mn) 1,372,583.400 Jan 2025 monthly Oct 2013 - Jan 2025
Banks Loans: Outstanding: Households (DKK mn) 446,423.800 Dec 2024 monthly Oct 2013 - Dec 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 8.5 Feb 2025 monthly Jan 1986 - Feb 2025
Business Sentiment Indicator: Retail Trade (1998-2024=100) 102.400 Feb 2025 monthly Jan 1998 - Feb 2025
Business Sentiment Indicator: Industry (1998-2024=100) 107.300 Feb 2025 monthly Jan 1998 - Feb 2025
Business Sentiment Indicator: Construction (1998-2024=100) 102.000 Feb 2025 monthly Jan 1998 - Feb 2025
Business Sentiment Indicator: Service Sector (1998-2024=100) 107.100 Feb 2025 monthly Apr 2000 - Feb 2025

More Indicators for Denmark

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