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Economy of Denmark vs Kazakhstan compared: GDP & Debt

Updated on by Georank

Denmark has a GDP of $463B compared to $306B for Kazakhstan, ranking 36/197 and 49/197 by economy size, respectively.

Denmark has $127B in government debt (27.5% of GDP), compared to $75.2B (24.6% of GDP) in Kazakhstan.

Denmark vs Kazakhstan GDP by year

Denmark
Kazakhstan
1x
Year GDP, current $
Denmark Kazakhstan
2025 $462,526,660,468 $306,239,209,650
2024 $424,524,722,037 $291,480,274,649
2023 $404,651,706,118 $261,840,101,060
2022 $400,114,306,337 $225,496,328,925
2021 $406,110,162,088 $197,112,255,361
2020 $355,631,021,932 $171,082,365,861
2019 $345,401,473,013 $181,667,184,855
2018 $355,293,374,912 $179,339,977,690
2017 $331,610,593,962 $166,805,788,827
2016 $312,181,849,372 $137,278,320,084
2015 $301,758,922,338 $184,388,404,706
2014 $352,832,602,064 $221,415,613,595
2013 $344,631,016,965 $236,634,603,409
2012 $326,792,574,245 $207,998,568,866
2011 $344,315,595,263 $192,626,464,617
2010 $322,345,594,075 $148,047,348,241
2009 $322,619,152,195 $115,308,686,941
2008 $354,979,471,960 $133,441,648,852
2007 $320,213,157,595 $104,849,915,058
2006 $283,386,151,544 $81,003,864,630
2005 $265,150,087,712 $57,123,671,734
2004 $251,986,155,631 $43,151,647,003
2003 $218,421,193,436 $30,833,692,900
2002 $178,788,209,558 $24,636,598,527
2001 $164,881,594,415 $22,152,689,180
2000 $164,043,817,224 $18,291,990,662
1999 $177,887,720,536 $16,870,817,182
1998 $176,877,077,513 $22,135,245,507
1997 $173,241,365,735 $22,165,932,063
1996 $187,481,157,846 $21,035,357,937
1995 $184,848,481,008 $20,374,302,652
1994 $156,017,919,221 $21,250,792,886
1993 $143,111,306,004 $23,409,260,880
1992 $152,966,494,260 $24,917,355,372
1991 $139,180,507,778 $24,923,076,923
1990 $138,217,740,684 $26,932,016,270
1989 $112,312,200,761 -
1988 $115,540,189,705 -
1987 $109,183,446,340 -
1986 $87,748,695,217 -
1985 $62,452,421,011 -
1984 $58,868,891,335 -
1983 $60,331,158,447 -
1982 $60,084,214,872 -
1981 $61,459,941,461 -
1980 $70,811,287,816 -
1979 $70,393,030,603 -
1978 $60,320,089,218 -
1977 $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/denmark/kazakhstan | CC BY

GDP per capita in Denmark vs Kazakhstan by year

Denmark
GDP per capita

GDP per capita, PPP
Kazakhstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Kazakhstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $76,970 - $14,692 -
2024 $71,026 $81,878 $14,155 $40,891
2023 $68,044 $77,892 $12,879 $38,515
2022 $67,781 $78,914 $11,255 $35,895
2021 $69,341 $69,715 $9,984 $32,946
2020 $60,985 $62,682 $8,782 $29,040
2019 $59,404 $60,595 $9,457 $28,689
2018 $61,325 $57,234 $9,472 $25,096
2017 $57,522 $55,272 $8,943 $23,973
2016 $54,501 $51,821 $7,476 $23,023
2015 $53,094 $48,897 $10,196 $22,484
2014 $62,520 $47,880 $12,428 $23,958
2013 $61,378 $46,869 $13,478 $23,754
2012 $58,444 $44,755 $12,019 $21,367
2011 $61,810 $44,444 $11,287 $20,160
2010 $58,105 $43,038 $8,793 $18,642
2009 $58,413 $40,524 $6,938 $17,389
2008 $64,617 $41,467 $8,124 $17,278
2007 $58,632 $39,110 $6,449 $16,581
2006 $52,119 $37,392 $5,030 $14,966
2005 $48,926 $34,238 $3,577 $13,226
2004 $46,625 $33,016 $2,722 $11,777
2003 $40,519 $30,864 $1,958 $10,532
2002 $33,257 $30,667 $1,574 $9,504
2001 $30,768 $29,459 $1,422 $8,568
2000 $30,722 $28,648 $1,180 $7,418
1999 $33,426 $26,642 $1,092 $6,626
1998 $33,346 $25,799 $1,415 $6,284
1997 $32,780 $24,887 $1,382 $6,178
1996 $35,622 $23,723 $1,281 $5,836
1995 $35,321 $22,677 $1,218 $5,595
1994 $29,968 $21,669 $1,247 $5,860
1993 $27,582 $20,217 $1,355 $6,477
1992 $29,579 $19,830 $1,438 $6,945
1991 $27,003 $19,067 $1,442 $7,193
1990 $26,886 $18,225 $1,570 $7,874
1989 $21,882 - - -
1988 $22,525 - - -
1987 $21,296 - - -
1986 $17,137 - - -
1985 $12,213 - - -
1984 $11,517 - - -
1983 $11,797 - - -
1982 $11,740 - - -
1981 $12,000 - - -
1980 $13,822 - - -
1979 $13,757 - - -
1978 $11,818 - - -
1977 $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/denmark/kazakhstan | CC BY

Denmark's GDP per capita is $76,970, ranking 11/197, compared to $14,692 in Kazakhstan, ranking 73/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Kazakhstan ranks 58th at $40,891.

Economic indicators

Denmark Kazakhstan
Gross domestic product
$463B
2025
$306B
2025
GDP rank
36/197
2025
49/197
2025
GDP growth
2.93%
2024-2025
6.5%
2024-2025
GDP per capita
$76,970
2025
$14,692
2025
GDP per capita rank
11/197
2025
73/197
2025
GDP per capita, PPP
$81,878
2024
$40,891
2024
GDP per capita PPP rank
14/197
2024
58/197
2024
Government debt
$127B
2025
$75.2B
2025
Debt-to-GDP ratio
27.5%
2025
24.6%
2025
Government debt per person
$21,192
2025
$3,609
2025
Government debt per person rank
32/185
2025
96/185
2025
Average annual personal income after taxes
$52,602
2026
$8,395
2026
Market capitalization of domestic companies
$151B
2004
$158B
2025
Number of millionaires
376,000
2025
44,307
2024
Number of billionaires
9
2026
6
2026
Income share by richest 10%
25.5%
2023
24.8%
2021
Income share by poorest 10%
3.6%
2023
4.3%
2021
Government expenditure, % of GDP
47.6%
2025
21.8%
2025
Consumer prices inflation
1.89%
2024-2025
11.4%
2024-2025
Central bank interest rate
1.6%
2025
17%
2026
Unemployment rate
6.4%
2025
4.9%
2022
Population
6042125
21211812

Spending and national debt comparison by year

Denmark
Spending

Debt
Kazakhstan
Spending

Debt
1x
Year % of GDP
Denmark Kazakhstan
Government spending Government debt Government spending Government debt
2025 47.6% 27.5% 21.8% 24.6%
2024 47.3% 30.5% 22.7% 24.4%
2023 47.4% 33% 23.4% 23%
2022 45.1% 33.3% 21.7% 23.5%
2021 49.7% 39.6% 22.1% 25.1%
2020 53.3% 45.2% 24.5% 26.4%
2019 49.8% 38.3% 20.2% 19.9%
2018 50.8% 38.5% 18.8% 20.3%
2017 50.6% 40.2% 24.1% 19.9%
2016 52.4% 41.7% 21.5% 19.7%
2015 54.4% 44.6% 22.9% 21.9%
2014 55.1% 48.7% 21.3% 14.5%
2013 55.6% 47.8% 19.8% 12.6%
2012 57.9% 48.7% 21.9% 12.1%
2011 56.3% 50% 21.2% 10.2%
2010 56.5% 46.1% 22.5% 10.7%
2009 56.3% 43% 23.5% 10.2%
2008 50.3% 35.5% 27.1% 6.77%
2007 49.5% 29.5% 23.7% 4.09%
2006 49.7% 33.2% 19.8% 6.68%
2005 51.1% 39.4% 22% 8.1%
2004 52.8% 46.2% 21.3% 11.4%
2003 53.5% 48.2% 21.4% 15%
2002 53.1% 50.3% 20.5% 17.6%
2001 53% 50.1% - -
2000 52.9% 53.6% - -
1999 54.7% 56.8% - -
1998 55.6% 60.3% - -
1997 56.2% 64.4% - -
1996 58.2% 68.3% - -
1995 58.7% 71.5% - -
1994 59.5% 75.3% - -
1993 59.5% 78.7% - -
1992 56.4% 66.7% - -
1991 55.5% 63.2% - -
1990 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/denmark/kazakhstan | CC BY

In 2025, Denmark's government spending was $220B, accounting for 47.6% of its GDP, while Kazakhstan spent $66.9B, or 21.8% of GDP.

Debt-to-GDP ratio is 27.5% in Denmark and 24.6% in Kazakhstan, ranking 161/185 and 167/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Kazakhstan
1x
Year Deficit/surplus, % of GDP
Denmark Kazakhstan
2025 2.85% -3.11%
2024 4.46% -3.43%
2023 3.43% -1.41%
2022 3.39% 0.11%
2021 4.08% -4.97%
2020 0.36% -7.04%
2019 4.28% -0.57%
2018 0.81% 2.58%
2017 1.69% -4.27%
2016 0.3% -4.5%
2015 -0.9% -6.26%
2014 1.43% 2.48%
2013 -0.94% 4.95%
2012 -3.2% 4.43%
2011 -1.77% 5.81%
2010 -2.52% 1.47%
2009 -2.75% -1.33%
2008 3.46% 1.23%
2007 5.31% 5.13%
2006 5.29% 7.65%
2005 5.2% 6.08%
2004 2.23% 3.29%
2003 0.14% 4%
2002 0.25% 1.92%
2001 1.13% -
2000 1.79% -
1999 1.06% -
1998 -0.28% -
1997 -1.22% -
1996 -2.4% -
1995 -3.5% -
1994 -3.85% -
1993 -3.73% -
1992 -2.6% -
1991 -3.15% -
1990 -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/denmark/kazakhstan | CC BY

In 2025, Denmark's government surplus, the difference between spending and revenue, was $13.2B, equivalent to 2.85% of GDP. This compares to Kazakhstan's deficit of $9.54B, or 3.11% of GDP.

Over the past 24 years, Denmark recorded a fiscal deficit in 6 of those years, while Kazakhstan ran a deficit in 10 years. On average, Denmark posted an annual surplus equal to 1.54% of GDP, compared to surplus of 0.59% of GDP for Kazakhstan.

Inflation comparison by year

Inflation
Denmark

Kazakhstan
1x
Year Consumer prices inflation
Denmark Kazakhstan
2025 1.89% 11.4%
2024 1.37% 8.7%
2023 3.31% 14.5%
2022 7.7% 15%
2021 1.85% 8%
2020 0.42% 6.8%
2019 0.76% 5.3%
2018 0.81% 6%
2017 1.15% 7.5%
2016 0.25% 14.6%
2015 0.45% 6.8%
2014 0.56% 6.6%
2013 0.79% 5.8%
2012 2.4% 5.1%
2011 2.76% 8.4%
2010 2.31% 7.1%
2009 1.3% 7.3%
2008 3.42% 17.2%
2007 1.69% 10.8%
2006 1.92% 8.6%
2005 1.82% 7.4%
2004 1.15% 7%
2003 2.08% 6.4%
2002 2.42% 6%
2001 2.34% 8.4%
2000 2.9% 13.2%
1999 2.5% 8.3%
1998 1.85% 7.1%
1997 2.18% 17.4%

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/denmark/kazakhstan | CC BY

Over the past 29 years, Denmark has recorded an average annual inflation rate of 1.94%, compared with 9.06% in Kazakhstan. In 2025, inflation was 1.89% in Denmark and 11.4% in Kazakhstan.

Top exports between countries

Denmark
Export category Export value
Machinery & equipment $40.7M
Chemicals & pharma $27.5M
Animal & marine products $24.9M
Textiles & consumer goods $5.8M
Processed food, beverages & tobacco $5.01M
Raw agricultural goods $1.97M
Raw materials & minerals $1.02M
Metals $635K
Wood & paper products $399K
Miscellaneous $164K
Kazakhstan
Export category Export value
Raw materials & minerals $17.4M
Animal & marine products $17.4M
Processed food, beverages & tobacco $4.85M
Raw agricultural goods $2.38M
Wood & paper products $443K
Machinery & equipment $280K
Metals $195K
Textiles & consumer goods $97K
Chemicals & pharma $18K
Precious metals & jewellery $6K

Balance of trade

Denmark Kazakhstan
Current account balance
$51.8B
2024
-$12.5B
2025
Current account balance ranking
13/190
2024
177/190
2025
Current account balance, % of GDP
+12.2%
2024
-4.07%
2025
Goods imports
$132B
2024
$66.3B
2025
Goods exports
$172B
2024
$77.3B
2025
Service imports
$125B
2024
$14B
2025
Service exports
$129B
2024
$12.8B
2025
Imports of goods and services, % of GDP
59.1%
2025
25.6%
2024
Exports of goods and services, % of GDP
70.1%
2025
31.6%
2024

Economic freedom indices

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

Denmark Kazakhstan
Economic freedom 79 64.2
Economic freedom ranking 8/197 75/197
Property rights 99.9 54.9
Government integrity 98 40.7
Judicial effectiveness 89.3 33.8
Tax burden 43.4 91.2
Government spending 34.8 85.6
Fiscal health 98 97.2
Business freedom 90.4 64.9
Labor freedom 65 63.5
Monetary freedom 80.1 64.3
Trade freedom 79.4 74.4
Investment freedom 90 50
Financial freedom 80 50

Economic freedom comparison by year

Denmark
Kazakhstan
1x
Year Economic freedom index
Denmark Kazakhstan
2026 79 64.2
2025 79.1 63.8
2024 77.8 62
2023 77.6 62.1
2022 78 64.4
2021 77.8 71.1
2020 78.3 69.6
2019 76.7 65.4
2018 76.6 69.1
2017 75.1 69
2016 75.3 63.6
2015 76.3 63.3
2014 76.1 63.7
2013 76.1 63
2012 76.2 63.6
2011 78.6 62.1
2010 77.9 61
2009 79.6 60.1
2008 79.2 61.1
2007 77 59.6
2006 75.4 60.2
2005 75.3 53.9
2004 72.4 49.7
2003 73.2 52.3
2002 71.1 52.4
2001 68.3 51.8
2000 68.3 50.4
1999 68.1 47.3
1998 67.5 41.7
1997 67.5 -
1996 67.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/denmark/kazakhstan | CC BY

The Economic Freedom Index for Denmark is 79, ranking 8/197, compared to 64.2 for Kazakhstan, ranking 75/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Denmark Kazakhstan
Services, % of GDP
62.7%
2025
57.7%
2025
Industry, % of GDP
24.8%
2025
32.3%
2025
Agriculture, forestry, and fishing, % of GDP
1.17%
2025
3.74%
2025
GNI, Atlas method
$464B
2025
$286B
2025
GNI per capita, PPP
$85,460
2025
$41,090
2025
Total reserves including gold
$128B
2025
$66.1B
2025
Total reserves ranking
24/177
2025
40/177
2025
Net foreign direct investment
$12.5B
2024
$1.38B
2025
Net inflows of foreign direct investment
$18.2B
2024
$2.09B
2024
Net outflows of foreign direct investment
$30.7B
2024
-$1.9B
2024
Servicing debt to the IMF, % of GNI n/a
17.3%
2024
Poverty at national poverty lines
12.4%
2021
5%
2024
Gross capital formation, % of GDP
22.1%
2025
27.2%
2024

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/denmark/kazakhstan | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1991, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.