Colliers Denmark Market Report 2024

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COLLIERS MARKET REPORT 2024

Stable economy – a safe haven for investment Danish economy is healthy and stable. This is reflected in the fact that Denmark has the largest government surplus in the EU and the fourth lowest debt-to-GDP ratio. In a time of repeated monetary tightening to curb inflation, Danish GDP growth is expected to be lower in 2023 compared to 2022. The projected slowdown in Denmark is, however, significantly less pronounced than in the eurozone, which is partly due to the less cyclical pharmaceutical industry, which is a major part of the Danish economy. The value of the Danish phar maceutical industry’s production grew by 57% from H1 2022 to H1 2023. Despite continued high core inflation, monetary policy tightening has caused a significant drop in inflation in 2023. Lower inflation and less uncertainty about energy supply have restored consumer confidence, together with rising real income and employment triggering renewed growth in con sumer spending. Despite turbulent times, Danish economy is strong.