Denmark vs Montenegro: Economic Indicators Comparison
Denmark with a GDP of $355.7B ranked the 38th largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, Denmark and Montenegro ranked 128th vs 67th and 12th vs 81st, respectively.
Gross Domestic Product & Income
| Stat |  Denmark |  Montenegro |
|---|---|---|
| GDP | $355.7B | $5.5B |
| GDP growth, 1 year | 1.2% | 4.5% |
| GDP growth, 5-years average | 2% | 3.5% |
| Population | 5.8M | 622k |
| GDP per capita | $61k | $8.8k |
| GDP per capita growth | 1.82% | 5.08% |
| Purchasing Power Parity conversion factor | 6.96 | 0.36 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 1.1 | 0.43 |
| GDP per capita, PPP adjusted | $52k | $19k |
| GNI, Atlas method | $348.6B | $5.2B |
| GNI per capita | $60k | $8.4k |
| GNI, PPP adjusted | $327.1B | $13B |
| GNI per capita, PPP adjusted | $56k | $21k |
Financial system and Human development
| Stat | Denmark | Montenegro |
|---|---|---|
| Income Tax Rate | 56% | 9% |
| Corporate Tax Rate | 23.5% | 9% |
| Inflation, consumer prices | 0.7% | 2.6% |
| Inflation, GDP deflator | 0.8% | 3.2% |
| Unemployment | 5% | 15.5% |
| Economic Freedom Index | 78.3 | 61.5 |
| Personal Freedom Index | 9.49 | 8.12 |
| Human Freedom Index | 8.73 | 7.67 |
| Property Rights Index | 86.3 | 59.1 |
| Judical Effectiveness Index | 84.6 | 55.3 |
| Business Freedom Index | 88.7 | 70.8 |
| Fiscal Health Index | 97.7 | 23.4 |
| Labor Freedom Index | 86.2 | 74.8 |
| Investment Freedom Index | 90 | 75 |
| Financial Freedom Index | 80 | 50 |
| Trade Freedom Index | 86.4 | 83.8 |
| Monetary Freedom Index | 84.6 | 80.3 |
| Government Spending Index | 19.7 | 32.1 |
| Tax Burden Index | 42 | 85.4 |
| Government Integrity Index | 93 | 47.5 |
| Corruption Perceptions Index | 88 | 45 |
| Life expectancy at birth, years | 81 | 76.7 |
| Suicide mortality rate, per 100,000 people | 12.8 | 10.3 |
| Mortality caused by road traffic injury, per 100,000 people | 4 | 10.7 |
| Intentional homicides, per 100,000 people | 1.2 | 2.4 |
| International tourism, number of arrivals | 12.7M | 2.1M |
Government debt & reserves
| Stat | Denmark | Montenegro |
|---|---|---|
| Central government debt, % of GDP | 34.3% | 72.1% |
| External debt stocks, % of GNI | N/A | 144.1% |
| External debt stocks | N/A | $8B |
| Short-term debt, % of total reserves | N/A | 17.2% |
| Total debt service, % of exports and primary income | N/A | 63.7% |
| Adjusted net savings including particulate emission damage, % of GNI | 18.3% | N/A |
| Gross savings, % of GDP | 28.7% | 14.9% |
| Gross capital formation, % of GDP | 23% | 31.9% |
| Total reserves including gold | $70.9B | $1.2B |
| Foreign direct investment net inflows | $1.2B | $485.7M |
Exports, imports and economic structure
| Stat | Denmark | Montenegro |
|---|---|---|
| Exports of goods and services, % of GDP | 55.6% | 42.9% |
| Imports of goods and services, % of GDP | 49.6% | 66.7% |
| Current account balance (balance of payments) | $24.8B | -$943M |
| Revenue excluding grants, % of GDP | 38.9% | N/A |
| Grants excluding technical cooperation, BoP | N/A | $57.7M |
| Personal remittances received | $1.4B | $588.9M |
| Industry including construction value added, % of GDP | 21.2% | 15.9% |
| Agriculture, forestry and fishing value added, % of GDP | 1% | 6.7% |
| Charges for the use of intellectual property, payments BoP | $1.6B | $6M |
| Charges for the use of intellectual property, receipts BoP | $3.3B | $432k |
| Expense, % of GDP | 37.6% | N/A |
| Government Expenditure, % of GDP | 51.7% | 47.6% |
