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Economy of Antigua and Barbuda vs Denmark compared: GDP & Debt

Updated on by Georank

Antigua and Barbuda has a GDP of $2.34B compared to $463B for Denmark, ranking 178/197 and 36/197 by economy size, respectively.

Antigua and Barbuda has $1.63B in government debt (69.7% of GDP), compared to $127B (27.5% of GDP) in Denmark.

Antigua and Barbuda vs Denmark GDP by year

Antigua and Barbuda
Denmark
1x
Year GDP, current $
Antigua Denmark
2025 $2,338,196,296 $462,526,660,468
2024 $2,162,366,667 $424,524,722,037
2023 $2,054,096,296 $404,651,706,118
2022 $1,857,114,815 $400,114,306,337
2021 $1,602,125,926 $406,110,162,088
2020 $1,411,637,037 $355,631,021,932
2019 $1,726,448,148 $345,401,473,013
2018 $1,661,529,630 $355,293,374,912
2017 $1,534,855,556 $331,610,593,962
2016 $1,489,603,704 $312,181,849,372
2015 $1,437,485,185 $301,758,922,338
2014 $1,378,707,407 $352,832,602,064
2013 $1,325,496,296 $344,631,016,965
2012 $1,364,729,630 $326,792,574,245
2011 $1,287,359,259 $344,315,595,263
2010 $1,298,348,148 $322,345,594,075
2009 $1,386,518,519 $322,619,152,195
2008 $1,557,640,741 $354,979,471,960
2007 $1,487,381,481 $320,213,157,595
2006 $1,303,674,074 $283,386,151,544
2005 $1,143,896,296 $265,150,087,712
2004 $1,026,329,630 $251,986,155,631
2003 $948,100,000 $218,421,193,436
2002 $898,092,593 $178,788,209,558
2001 $877,774,074 $164,881,594,415
2000 $901,003,704 $164,043,817,224
1999 $835,544,444 $177,887,720,536
1998 $789,788,889 $176,877,077,513
1997 $734,422,222 $173,241,365,735
1996 $679,140,741 $187,481,157,846
1995 $616,051,852 $184,848,481,008
1994 $625,081,481 $156,017,919,221
1993 $565,662,963 $143,111,306,004
1992 $525,133,333 $152,966,494,260
1991 $504,337,037 $139,180,507,778
1990 $478,718,519 $138,217,740,684
1989 $455,174,074 $112,312,200,761
1988 $411,396,296 $115,540,189,705
1987 $346,866,667 $109,183,446,340
1986 $297,562,963 $87,748,695,217
1985 $246,370,370 $62,452,421,011
1984 $212,214,815 $58,868,891,335
1983 $184,866,667 $60,331,158,447
1982 $166,444,444 $60,084,214,872
1981 $149,388,889 $61,459,941,461
1980 $132,451,852 $70,811,287,816
1979 $109,596,296 $70,393,030,603
1978 $88,040,741 $60,320,089,218
1977 $77,507,407 $49,711,709,588
1976 - $44,503,607,444
1975 - $40,418,967,666
1974 - $34,125,712,481
1973 - $30,718,181,337
1972 - $23,230,667,549
1971 - $19,086,192,720
1970 - $17,075,457,733
1969 - $15,414,902,667
1968 - $13,505,574,133
1967 - $13,059,064,806
1966 - $11,931,740,293
1965 - $10,870,670,865
1964 - $9,677,401,337
1963 - $8,466,044,980
1962 - $7,953,274,741
1961 - $7,058,361,229
1960 - $6,361,166,545

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/denmark | CC BY

GDP per capita in Antigua and Barbuda vs Denmark by year

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
Denmark
GDP per capita

GDP per capita, PPP
1x
Year Current $
Antigua Denmark
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $24,819 - $76,970 -
2024 $23,060 $33,386 $71,026 $81,878
2023 $22,012 $31,602 $68,044 $77,892
2022 $20,003 $29,934 $67,781 $78,914
2021 $17,349 $25,745 $69,341 $69,715
2020 $15,370 $22,370 $60,985 $62,682
2019 $18,896 $26,551 $59,404 $60,595
2018 $18,273 $24,524 $61,325 $57,234
2017 $16,966 $21,422 $57,522 $55,272
2016 $16,557 $21,320 $54,501 $51,821
2015 $16,078 $20,985 $53,094 $48,897
2014 $15,532 $21,671 $62,520 $47,880
2013 $15,052 $21,761 $61,378 $46,869
2012 $15,640 $23,012 $58,444 $44,755
2011 $14,912 $23,804 $61,810 $44,444
2010 $15,217 $24,071 $58,105 $43,038
2009 $16,472 $26,157 $58,413 $40,524
2008 $18,787 $29,978 $64,617 $41,467
2007 $18,205 $29,851 $58,632 $39,110
2006 $16,174 $26,949 $52,119 $37,392
2005 $14,369 $23,485 $48,926 $34,238
2004 $13,038 $21,629 $46,625 $33,016
2003 $12,173 $20,127 $40,519 $30,864
2002 $11,659 $18,813 $33,257 $30,667
2001 $11,539 $18,569 $30,768 $29,459
2000 $12,027 $19,319 $30,722 $28,648
1999 $11,342 $18,088 $33,426 $26,642
1998 $10,907 $17,496 $33,346 $25,799
1997 $10,336 $16,836 $32,780 $24,887
1996 $9,756 $16,017 $35,622 $23,723
1995 $9,034 $15,062 $35,321 $22,677
1994 $9,351 $15,736 $29,968 $21,669
1993 $8,625 $14,720 $27,582 $20,217
1992 $8,154 $13,908 $29,579 $19,830
1991 $7,956 $13,658 $27,003 $19,067
1990 $7,591 $12,996 $26,886 $18,225
1989 $7,188 - $21,882 -
1988 $6,466 - $22,525 -
1987 $5,424 - $21,296 -
1986 $4,629 - $17,137 -
1985 $3,814 - $12,213 -
1984 $3,271 - $11,517 -
1983 $2,847 - $11,797 -
1982 $2,569 - $11,740 -
1981 $2,310 - $12,000 -
1980 $2,053 - $13,822 -
1979 $1,705 - $13,757 -
1978 $1,375 - $11,818 -
1977 $1,214 - $9,770 -
1976 - - $8,773 -
1975 - - $7,988 -
1974 - - $6,764 -
1973 - - $6,117 -
1972 - - $4,654 -
1971 - - $3,846 -
1970 - - $3,464 -
1969 - - $3,151 -
1968 - - $2,776 -
1967 - - $2,701 -
1966 - - $2,487 -
1965 - - $2,284 -
1964 - - $2,049 -
1963 - - $1,807 -
1962 - - $1,711 -
1961 - - $1,531 -
1960 - - $1,389 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/denmark | CC BY

Antigua and Barbuda's GDP per capita is $24,819, ranking 55/197, compared to $76,970 in Denmark, ranking 11/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while Denmark ranks 14th at $81,878.

Economic indicators

Antigua Denmark
Gross domestic product
$2.34B
2025
$463B
2025
GDP rank
178/197
2025
36/197
2025
GDP growth
5%
2024-2025
2.93%
2024-2025
GDP per capita
$24,819
2025
$76,970
2025
GDP per capita rank
55/197
2025
11/197
2025
GDP per capita, PPP
$33,386
2024
$81,878
2024
GDP per capita PPP rank
66/197
2024
14/197
2024
Government debt
$1.63B
2025
$127B
2025
Debt-to-GDP ratio
69.7%
2025
27.5%
2025
Government debt per person
$17,310
2025
$21,192
2025
Government debt per person rank
38/185
2025
32/185
2025
Average annual personal income after taxes
$16,750
2026
$52,602
2026
Market capitalization of domestic companies n/a
$151B
2004
Number of millionaires n/a
376,000
2025
Number of billionaires n/a
9
2026
Income share by richest 10% n/a
25.5%
2023
Income share by poorest 10% n/a
3.6%
2023
Government expenditure, % of GDP
19.3%
2025
47.6%
2025
Consumer prices inflation
1.4%
2024-2025
1.89%
2024-2025
Central bank interest rate n/a
1.6%
2025
Unemployment rate
5.37%
2023
6.4%
2025
Population
94846
6042125

Spending and national debt comparison by year

Antigua and Barbuda
Spending

Debt
Denmark
Spending

Debt
1x
Year % of GDP
Antigua Denmark
Government spending Government debt Government spending Government debt
2025 19.3% 69.7% 47.6% 27.5%
2024 20.2% 71.8% 47.3% 30.5%
2023 18.4% 74.5% 47.4% 33%
2022 20.8% 82.4% 45.1% 33.3%
2021 23.4% 93% 49.7% 39.6%
2020 26% 100.5% 53.3% 45.2%
2019 22.1% 81.6% 49.8% 38.3%
2018 21.5% 84.3% 50.8% 38.5%
2017 22.6% 88.2% 50.6% 40.2%
2016 23.8% 83.1% 52.4% 41.7%
2015 24.8% 92.1% 54.4% 44.6%
2014 20.9% 91.9% 55.1% 48.7%
2013 20.7% 85.4% 55.6% 47.8%
2012 18.5% 76.9% 57.9% 48.7%
2011 21.1% 81.1% 56.3% 50%
2010 20% 79.4% 56.5% 46.1%
2009 32.1% 89.2% 56.3% 43%
2008 23.2% 66.8% 50.3% 35.5%
2007 23.8% 68.7% 49.5% 29.5%
2006 26% 79.1% 49.7% 33.2%
2005 21.5% 82.8% 51.1% 39.4%
2004 21.9% 107.7% 52.8% 46.2%
2003 24.2% 113% 53.5% 48.2%
2002 26.3% 114.5% 53.1% 50.3%
2001 24.2% 107.6% 53% 50.1%
2000 21.1% 96.4% 52.9% 53.6%
1999 20.3% 95.9% 54.7% 56.8%
1998 20.7% 94.6% 55.6% 60.3%
1997 16.8% 80.6% 56.2% 64.4%
1996 19.6% 85.5% 58.2% 68.3%
1995 21% 92.1% 58.7% 71.5%
1994 21.2% 84.5% 59.5% 75.3%
1993 19.4% 85.3% 59.5% 78.7%
1992 18.7% 90.8% 56.4% 66.7%
1991 20.8% 94.6% 55.5% 63.2%
1990 18.1% 94.1% 55.1% 62.4%
1989 - - 56.2% 62.2%
1988 - - 56.1% 64.7%
1987 - - 54% 62.5%
1986 - - 52.3% 66.8%
1985 - - 55.5% 74.7%
1984 - - 56.6% 77.7%
1983 - - 57.9% 74.2%
1982 - - 57.7% 64.5%
1981 - - 56.3% 51.7%
1980 - - 52.7% 39.2%
1979 - - 49.6% 31.8%
1978 - - 47.2% 25.5%
1977 - - 45.6% 15.2%
1976 - - 45% 11.4%
1975 - - 45.3% 7.01%
1974 - - 43.6% 6.2%
1973 - - 39.5% 8.94%
1972 - - 42.1% 11.5%
1971 - - 42.2% 12.9%
1970 - - 24.4% 7.62%
1969 - - 25.3% 8.36%
1968 - - 24.3% 9.36%
1967 - - 22.2% 10.1%
1966 - - 21.1% 11.2%
1965 - - 17.1% 12.9%
1964 - - 17.6% 14.5%
1963 - - 18.2% 13.7%
1962 - - 17% 15.3%
1961 - - 15.6% 16.4%
1960 - - 16.4% 20.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1991, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/denmark | CC BY

In 2025, Antigua and Barbuda's government spending was $450M, accounting for 19.3% of its GDP, while Denmark spent $220B, or 47.6% of GDP.

Debt-to-GDP ratio is 69.7% in Antigua and Barbuda and 27.5% in Denmark, ranking 58/185 and 161/185, respectively.

Government deficit by year

Deficit/surplus
Antigua and Barbuda

Denmark
1x
Year Deficit/surplus, % of GDP
Antigua Denmark
2025 3.14% 2.85%
2024 1.65% 4.46%
2023 -1.66% 3.43%
2022 -2.86% 3.39%
2021 -4.52% 4.08%
2020 -6.23% 0.36%
2019 -3.64% 4.28%
2018 -2.43% 0.81%
2017 -2.72% 1.69%
2016 -0.14% 0.3%
2015 -2.42% -0.9%
2014 -2.6% 1.43%
2013 -3.83% -0.94%
2012 -0.97% -3.2%
2011 -3.09% -1.77%
2010 -0.24% -2.52%
2009 -15.8% -2.75%
2008 -4.72% 3.46%
2007 -4.98% 5.31%
2006 -6.62% 5.29%
2005 -4.29% 5.2%
2004 -3.9% 2.23%
2003 -7.32% 0.14%
2002 -8.83% 0.25%
2001 -8.58% 1.13%
2000 -4.5% 1.79%
1999 -3.08% 1.06%
1998 -1.62% -0.28%
1997 0% -1.22%
1996 -1.61% -2.4%
1995 -3.89% -3.5%
1994 -4.33% -3.85%
1993 -2.45% -3.73%
1992 -0.81% -2.6%
1991 -3.91% -3.15%
1990 0.12% -1.78%
1989 - 0.3%
1988 - 1.46%
1987 - 2.46%
1986 - 3.23%
1985 - -1.38%
1984 - -3.58%
1983 - -6.29%
1982 - -8.22%
1981 - -5.84%
1980 - -2.32%
1979 - -0.69%
1978 - 0.41%
1977 - 0.37%
1976 - 0.19%
1975 - -1.23%
1974 - 3.7%
1973 - 4.97%
1972 - 5.01%
1971 - 4.96%
1970 - 0.7%
1969 - 0.3%
1968 - -0.06%
1967 - 1.49%
1966 - 0.99%
1965 - 2.13%
1964 - 1.79%
1963 - 1.2%
1962 - -0.09%
1961 - 1.73%
1960 - 1.25%
1959 - 0.79%
1958 - 0.25%
1957 - 0.26%
1956 - -0.01%
1955 - -1.17%
1954 - -0.84%
1953 - 1.75%
1952 - 1.18%
1951 - 0.79%
1950 - 1.08%
1949 - 0.63%
1948 - 1.07%
1947 - 0.84%
1946 - 2.69%
1945 - -1.03%
1944 - 0%
1943 - 0%
1942 - 0%
1941 - 0%
1940 - 0%
1939 - 0%
1938 - 0.03%
1937 - 0.22%
1936 - -1.36%
1935 - -0.97%
1934 - 0.03%
1933 - 1.69%
1932 - -3.22%
1931 - -1.67%
1930 - 0.03%
1929 - 0.13%
1928 - -4.99%
1927 - -2.33%
1926 - -0.48%
1925 - -3.1%
1924 - -0.8%
1923 - -0.56%
1922 - -1.33%
1921 - -2.41%
1920 - -0.46%
1919 - -0.38%
1918 - 1.95%
1917 - 3.1%
1916 - 1.51%
1915 - -0.48%
1914 - 0.43%
1913 - 0.07%
1912 - 0.13%
1911 - -1.02%
1910 - -1.72%
1909 - -2.49%
1908 - -0.82%
1907 - 0.26%
1906 - -0.42%
1905 - 0.22%
1904 - -0.1%
1903 - 0.03%
1902 - -0.06%
1901 - -0.71%
1900 - -0.84%
1899 - -0.59%
1898 - -0.43%
1897 - -0.61%
1896 - -0.07%
1895 - -0.17%
1894 - -0.26%
1893 - -0.42%
1892 - -0.73%
1891 - -0.76%
1890 - -0.97%
1889 - -0.55%
1888 - -0.49%
1887 - -0.68%
1886 - -0.39%
1885 - 0.48%
1884 - 1.2%
1883 - 0.73%
1882 - 0.35%
1881 - 0.42%
1880 - -2.65%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/denmark | CC BY

In 2025, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $73.4M, equivalent to 3.14% of GDP. This compares to Denmark's surplus of $13.2B, or 2.85% of GDP.

Over the past 36 years, Antigua and Barbuda recorded a fiscal deficit in 32 of those years, while Denmark ran a deficit in 15 years. On average, Antigua and Barbuda posted an annual deficit equal to 3.44% of GDP, compared to surplus of 0.51% of GDP for Denmark.

Inflation comparison by year

Inflation
Antigua and Barbuda

Denmark
1x
Year Consumer prices inflation
Antigua Denmark
2025 1.4% 1.89%
2024 6.2% 1.37%
2023 5.1% 3.31%
2022 7.5% 7.7%
2021 1.6% 1.85%
2020 1.1% 0.42%
2019 1.4% 0.76%
2018 1.2% 0.81%
2017 2.4% 1.15%
2016 -0.5% 0.25%
2015 1% 0.45%
2014 1.1% 0.56%
2013 1.1% 0.79%
2012 3.4% 2.4%
2011 3.5% 2.76%
2010 3.4% 2.31%
2009 -0.6% 1.3%
2008 5.3% 3.42%
2007 1.4% 1.69%
2006 1.8% 1.92%
2005 2.1% 1.82%
2004 2% 1.15%
2003 2% 2.08%
2002 2.4% 2.42%
2001 1.9% 2.34%
2000 -0.2% 2.9%
1999 1.1% 2.5%
1998 3.3% 1.85%
1997 0.4% 2.18%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/denmark | CC BY

Over the past 29 years, Antigua and Barbuda has recorded an average annual inflation rate of 2.2%, compared with 1.94% in Denmark. In 2025, inflation was 1.4% in Antigua and Barbuda and 1.89% in Denmark.

Top exports between countries

Antigua
Export category Export value
Textiles & consumer goods $151K
Processed food, beverages & tobacco $36K
Denmark
Export category Export value
Machinery & equipment $1.42M
Processed food, beverages & tobacco $922K
Chemicals & pharma $387K
Animal & marine products $80K
Wood & paper products $45K
Textiles & consumer goods $44K
Metals $25K
Raw materials & minerals $4K
Miscellaneous $1K
Precious metals & jewellery $1K

Balance of trade

Antigua Denmark
Current account balance
-$281M
2025
$51.8B
2024
Current account balance ranking
95/190
2025
13/190
2024
Current account balance, % of GDP
-12%
2025
+12.2%
2024
Goods imports
$793M
2025
$132B
2024
Goods exports
$96M
2025
$172B
2024
Service imports
$614M
2025
$125B
2024
Service exports
$1.21B
2025
$129B
2024
Imports of goods and services, % of GDP
63.3%
2022
59.1%
2025
Exports of goods and services, % of GDP
55%
2022
70.1%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Antigua Denmark
Economic freedom 56 79
Economic freedom ranking 125/197 8/197
Property rights n/a 99.9
Government integrity n/a 98
Judicial effectiveness n/a 89.3
Tax burden n/a 43.4
Government spending n/a 34.8
Fiscal health n/a 98
Business freedom n/a 90.4
Labor freedom n/a 65
Monetary freedom n/a 80.1
Trade freedom n/a 79.4
Investment freedom n/a 90
Financial freedom n/a 80

Other economic metrics

Antigua Denmark
Services, % of GDP
68.7%
2025
62.7%
2025
Industry, % of GDP
18.2%
2025
24.8%
2025
Agriculture, forestry, and fishing, % of GDP
1.49%
2025
1.17%
2025
GNI, Atlas method
$2.24B
2025
$464B
2025
GNI per capita, PPP
$34,670
2025
$85,460
2025
Total reserves including gold
$379M
2025
$128B
2025
Total reserves ranking
165/177
2025
24/177
2025
Net foreign direct investment
-$291M
2025
$12.5B
2024
Net inflows of foreign direct investment
$246M
2024
$18.2B
2024
Net outflows of foreign direct investment
-$68.4K
2024
$30.7B
2024
Poverty at national poverty lines n/a
12.4%
2021
Gross capital formation, % of GDP n/a
22.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/antigua-and-barbuda/denmark | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1991, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.