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Economy of Denmark vs Saint Kitts and Nevis compared: GDP & Debt

Updated on by Georank team

Denmark has a GDP of $425B compared to $1.12B for Saint Kitts and Nevis, ranking 37/197 and 187/197 by economy size, respectively.

Denmark has $134B in government debt (31.5% of GDP), compared to $604M (53.8% of GDP) in Saint Kitts and Nevis.

Denmark vs Saint Kitts and Nevis GDP by year

Denmark
Saint Kitts and Nevis
1x
Year GDP, current $
Denmark Saint Kitts
2024 $424,524,722,037 $1,122,388,889
2023 $404,651,706,118 $1,055,651,852
2022 $400,114,306,337 $981,429,630
2021 $406,110,162,088 $858,622,222
2020 $355,631,021,932 $883,922,222
2019 $345,401,473,013 $1,107,855,556
2018 $355,293,374,912 $1,076,548,148
2017 $331,610,593,962 $1,056,977,778
2016 $312,181,849,372 $1,006,818,519
2015 $301,758,922,338 $957,222,222
2014 $352,832,602,064 $952,111,111
2013 $344,631,016,965 $874,548,148
2012 $326,792,574,245 $824,585,185
2011 $344,315,595,263 $836,092,593
2010 $322,345,594,075 $778,718,519
2009 $322,619,152,195 $774,274,074
2008 $354,979,471,960 $777,692,593
2007 $320,213,157,595 $689,285,185
2006 $283,386,151,544 $644,414,815
2005 $265,150,087,712 $547,203,704
2004 $251,986,155,631 $506,900,000
2003 $218,421,193,436 $469,869,870
2002 $178,788,209,558 $481,077,374
2001 $164,881,594,415 $458,643,829
2000 $164,043,817,224 $421,695,770
1999 $177,887,720,536 $406,595,484
1998 $176,877,077,513 $383,257,331
1997 $173,241,365,735 $374,641,308
1996 $187,481,157,846 $333,944,444
1995 $184,848,481,008 $313,485,185
1994 $156,017,919,221 $295,159,259
1993 $143,111,306,004 $263,755,556
1992 $152,966,494,260 $242,137,037
1991 $139,180,507,778 $220,540,741
1990 $138,217,740,684 $217,259,259
1989 $112,312,200,761 $192,518,519
1988 $115,540,189,705 $172,692,593
1987 $109,183,446,340 $147,748,148
1986 $87,748,695,217 $130,685,185
1985 $62,452,421,011 $111,007,407
1984 $58,868,891,335 $98,603,704
1983 $60,331,158,447 $86,874,074
1982 $60,084,214,872 $86,022,222
1981 $61,459,941,461 $80,888,889
1980 $70,811,287,816 $68,459,259
1979 $70,393,030,603 $58,840,741
1978 $60,320,089,218 $49,433,333
1977 $49,711,709,588 $44,496,296
1976 $44,503,607,444 $30,095,602
1975 $40,418,967,666 $33,364,055
1974 $34,125,712,481 $31,514,856
1973 $30,718,181,337 $24,196,018
1972 $23,230,667,549 $22,944,849
1971 $19,086,192,720 $19,624,746
1970 $17,075,457,733 $16,300,000
1969 $15,414,902,667 $15,850,000
1968 $13,505,574,133 $14,600,000
1967 $13,059,064,806 $16,742,338
1966 $11,931,740,293 $14,469,078
1965 $10,870,670,865 $13,593,932
1964 $9,677,401,337 $13,416,633
1963 $8,466,044,980 $12,833,301
1962 $7,953,274,741 $12,541,635
1961 $7,058,361,229 $12,483,302
1960 $6,361,166,545 $12,366,636

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/denmark/saint-kitts-and-nevis | CC BY

GDP per capita in Denmark vs Saint Kitts and Nevis by year

Denmark
GDP per capita

GDP per capita, PPP
Saint Kitts and Nevis
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Saint Kitts
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $71,026 $81,878 $23,961 $34,847
2023 $68,044 $77,892 $22,577 $33,980
2022 $67,781 $78,914 $21,012 $31,871
2021 $69,341 $69,715 $18,361 $26,897
2020 $60,985 $62,682 $18,859 $27,326
2019 $59,404 $60,595 $23,595 $32,482
2018 $61,325 $57,234 $22,901 $30,795
2017 $57,522 $55,272 $22,465 $29,579
2016 $54,501 $51,821 $21,388 $28,215
2015 $53,094 $48,897 $20,329 $26,877
2014 $62,520 $47,880 $20,219 $26,756
2013 $61,378 $46,869 $18,580 $24,624
2012 $58,444 $44,755 $17,532 $23,458
2011 $61,810 $44,444 $17,832 $24,550
2010 $58,105 $43,038 $16,623 $23,691
2009 $58,413 $40,524 $16,503 $23,385
2008 $64,617 $41,467 $16,605 $24,102
2007 $58,632 $39,110 $14,758 $21,301
2006 $52,119 $37,392 $13,838 $20,676
2005 $48,926 $34,238 $11,784 $19,500
2004 $46,625 $33,016 $10,945 $17,276
2003 $40,519 $30,864 $10,176 $16,226
2002 $33,257 $30,667 $10,454 $16,619
2001 $30,768 $29,459 $10,023 $16,235
2000 $30,722 $28,648 $9,320 $15,256
1999 $33,426 $26,642 $9,116 $13,754
1998 $33,346 $25,799 $8,711 $13,319
1997 $32,780 $24,887 $8,627 $13,409
1996 $35,622 $23,723 $7,788 $12,498
1995 $35,321 $22,677 $7,406 $11,747
1994 $29,968 $21,669 $7,065 $11,062
1993 $27,582 $20,217 $6,395 $10,418
1992 $29,579 $19,830 $5,947 $9,652
1991 $27,003 $19,067 $5,465 $9,131
1990 $26,886 $18,225 $5,373 $8,983
1989 $21,882 - $4,723 -
1988 $22,525 - $4,206 -
1987 $21,296 - $3,573 -
1986 $17,137 - $3,140 -
1985 $12,213 - $2,651 -
1984 $11,517 - $2,341 -
1983 $11,797 - $2,052 -
1982 $11,740 - $2,023 -
1981 $12,000 - $1,894 -
1980 $13,822 - $1,598 -
1979 $13,757 - $1,367 -
1978 $11,818 - $1,144 -
1977 $9,770 - $1,026 -
1976 $8,773 - $692 -
1975 $7,988 - $765 -
1974 $6,764 - $721 -
1973 $6,117 - $551 -
1972 $4,654 - $521 -
1971 $3,846 - $444 -
1970 $3,464 - $365 -
1969 $3,151 - $347 -
1968 $2,776 - $309 -
1967 $2,701 - $344 -
1966 $2,487 - $290 -
1965 $2,284 - $265.8 -
1964 $2,049 - $256.4 -
1963 $1,807 - $240.1 -
1962 $1,711 - $230.3 -
1961 $1,531 - $225.6 -
1960 $1,389 - $221.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/denmark/saint-kitts-and-nevis | CC BY

Denmark's GDP per capita is $71,026, ranking 12/197, compared to $23,961 in Saint Kitts and Nevis, ranking 51/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Saint Kitts and Nevis ranks 64th at $34,847.

Economic indicators

Denmark Saint Kitts
Gross domestic product
$425B
2024
$1.12B
2024
GDP rank
37/197
2024
187/197
2024
GDP growth
3.48%
2023-2024
0.31%
2023-2024
GDP per capita
$71,026
2024
$23,961
2024
GDP per capita rank
12/197
2024
51/197
2024
GDP per capita, PPP
$81,878
2024
$34,847
2024
GDP per capita PPP rank
14/197
2024
64/197
2024
Government debt
$134B
2024
$604M
2024
Debt-to-GDP ratio
31.5%
2024
53.8%
2024
Government debt per person
$22,340
2024
$12,897
2024
Government debt per person rank
30/185
2024
44/185
2024
Average annual personal income after taxes
$53,468
2026
$13,301
2026
Market capitalization of domestic companies
$151B
2004
n/a
Number of millionaires
376,000
2025
n/a
Number of billionaires
9
2025
n/a
Income share by richest 10%
25.5%
2023
n/a
Income share by poorest 10%
3.6%
2023
n/a
Government expenditure, % of GDP
47.3%
2024
43.2%
2024
Consumer prices inflation
1.37%
2023-2024
1.1%
2023-2024
Central bank interest rate
1.6%
2025
n/a
Unemployment rate
6.15%
2024
5.12%
2001
Population
6032403
47017

Spending and national debt comparison by year

Denmark
Spending

Debt
Saint Kitts and Nevis
Spending

Debt
1x
Year % of GDP
Denmark Saint Kitts
Government spending Government debt Government spending Government debt
2024 47.3% 31.5% 43.2% 53.8%
2023 47.4% 33.8% 43.1% 55.7%
2022 45.1% 34.2% 49.5% 60.3%
2021 49.7% 40.7% 41.2% 69.1%
2020 53.3% 46.3% 36.5% 68%
2019 49.8% 38.3% 37.2% 54.3%
2018 50.8% 38.5% 33.7% 53.9%
2017 50.6% 40.2% 25.5% 56.2%
2016 52.4% 41.7% 26.1% 57.4%
2015 54.4% 44.6% 29% 62.2%
2014 55.1% 48.7% 28% 69.3%
2013 55.6% 47.8% 28.6% 91.5%
2012 57.9% 48.7% 27.2% 121.4%
2011 56.3% 50% 30.3% 127.1%
2010 56.5% 46.1% 31.2% 134.9%
2009 56.3% 43% 30.4% 129.1%
2008 50.3% 35.5% 29.5% 123.4%
2007 49.5% 29.5% 32.2% 135.4%
2006 49.7% 33.2% 32.5% 140.3%
2005 51.1% 39.4% 34.7% 130.1%
2004 52.8% 46.2% 33.7% 153.1%
2003 53.5% 48.2% 30.9% 140.7%
2002 53.1% 50.3% 35.4% 119.7%
2001 53% 50.1% 30.9% 105.2%
2000 52.9% 53.6% 34.6% 96.5%
1999 54.7% 56.8% 33.6% 89.2%
1998 55.6% 60.3% 29.1% 79%
1997 56.2% 64.4% 26.3% 67.2%
1996 58.2% 68.3% 26.8% 50.7%
1995 58.7% 71.5% 23.7% -
1994 59.5% 75.3% 22.2% -
1993 59.5% 78.7% 21.3% -
1992 56.4% 66.7% 19.8% -
1991 55.5% 63.2% 18.2% -
1990 55.1% 62.4% 19.3% -
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1991, retrieved 2026-02-20).

GeoRank.org/economy/denmark/saint-kitts-and-nevis | CC BY

In 2024, Denmark's government spending was $201B, accounting for 47.3% of its GDP, while Saint Kitts and Nevis spent $484M, or 43.2% of GDP.

Debt-to-GDP ratio is 31.5% in Denmark and 53.8% in Saint Kitts and Nevis, ranking 155/185 and 97/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Saint Kitts and Nevis
1x
Year Deficit/surplus, % of GDP
Denmark Saint Kitts
2024 4.46% -11%
2023 3.43% -0.27%
2022 3.39% -4.16%
2021 4.12% 5.41%
2020 0.36% -3.06%
2019 4.28% -0.7%
2018 0.81% 1.8%
2017 1.69% 1.68%
2016 0.3% 3.77%
2015 -0.9% 5.66%
2014 1.43% 8.52%
2013 -0.94% 10.9%
2012 -3.2% 4.32%
2011 -1.77% 1.6%
2010 -2.52% -4.15%
2009 -2.75% -1.23%
2008 3.46% -1.57%
2007 5.31% -1.03%
2006 5.29% -1.37%
2005 5.2% -3.45%
2004 2.23% -6.6%
2003 0.14% -5.66%
2002 0.25% -11.7%
2001 1.13% -10.9%
2000 1.79% -13.3%
1999 1.06% -11.1%
1998 -0.28% -5.13%
1997 -1.22% -2.33%
1996 -2.4% -2.27%
1995 -3.5% 0.9%
1994 -3.85% 0.79%
1993 -3.73% 0.24%
1992 -2.6% 0.5%
1991 -3.15% 0.92%
1990 -1.78% 0.62%
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 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/denmark/saint-kitts-and-nevis | CC BY

In 2024, Denmark's government surplus, the difference between spending and revenue, was $18.9B, equivalent to 4.46% of GDP. This compares to Saint Kitts and Nevis' deficit of $123M, or 11% of GDP.

Over the past 35 years, Denmark recorded a fiscal deficit in 15 of those years, while Saint Kitts and Nevis ran a deficit in 20 years. On average, Denmark posted an annual surplus equal to 0.44% of GDP, compared to deficit of 1.52% of GDP for Saint Kitts and Nevis.

Inflation comparison by year

Inflation
Denmark

Saint Kitts and Nevis
1x
Year Consumer prices inflation
Denmark Saint Kitts
2024 1.37% 1.1%
2023 3.31% 3.56%
2022 7.7% 2.67%
2021 1.85% 1.2%
2020 0.42% -1.17%
2019 0.76% -0.33%
2018 0.81% -1.04%
2017 1.15% 0.69%
2016 0.25% -0.69%
2015 0.45% -2.3%
2014 0.56% 0.25%
2013 0.79% 1.11%
2012 2.4% 0.82%
2011 2.76% 5.84%
2010 2.31% 0.85%
2009 1.3% 2.06%
2008 3.42% 5.3%
2007 1.69% 4.48%
2006 1.92% 8.49%
2005 1.82% 3.38%
2004 1.15% 2.31%
2003 2.08% 2.24%
2002 2.42% 2.04%
2001 2.34% 2.3%
2000 2.9% 2.15%
1999 2.5% 3.36%
1998 1.85% 3.45%
1997 2.18% 8.91%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/denmark/saint-kitts-and-nevis | CC BY

Over the past 28 years, Denmark has recorded an average annual inflation rate of 1.95%, compared with 2.25% in Saint Kitts and Nevis. In 2024, inflation was 1.37% in Denmark and 1.1% in Saint Kitts and Nevis.

Top exports between countries

Denmark
Export category Export value
Raw agricultural goods $578K
Processed food, beverages & tobacco $423K
Machinery & equipment $410K
Textiles & consumer goods $201K
Animal & marine products $199K
Chemicals & pharma $84K
Metals $17K
Raw materials & minerals $9K
Miscellaneous $4K
Wood & paper products $4K
Saint Kitts
Export category Export value

Balance of trade

Denmark Saint Kitts
Current account balance
$52.1B
2024
-$169M
2024
Current account balance ranking
14/190
2024
96/190
2024
Current account balance, % of GDP
+12.3%
2024
-15.1%
2024
Goods imports
$132B
2024
$404M
2024
Goods exports
$172B
2024
$33.7M
2024
Service imports
$125B
2024
$239M
2024
Service exports
$129B
2024
$471M
2024
Imports of goods and services, % of GDP
60.8%
2024
n/a
Exports of goods and services, % of GDP
71%
2024
11%
2025

Economic freedom indices

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

Denmark Saint Kitts
Economic freedom 79 62
Economic freedom ranking 8/197 90/197
Property rights 99.9 n/a
Government integrity 98 n/a
Judicial effectiveness 89.3 n/a
Tax burden 43.4 n/a
Government spending 34.8 n/a
Fiscal health 98 n/a
Business freedom 90.4 n/a
Labor freedom 65 n/a
Monetary freedom 80.1 n/a
Trade freedom 79.4 n/a
Investment freedom 90 n/a
Financial freedom 80 n/a

Other economic metrics

Denmark Saint Kitts
Services, % of GDP
63.5%
2024
66.1%
2024
Industry, % of GDP
24.1%
2024
20.9%
2024
Agriculture, forestry, and fishing, % of GDP
0.93%
2024
1.29%
2024
GNI, Atlas method
$434B
2024
$1.05B
2024
GNI per capita, PPP
$84,680
2024
$34,460
2024
Total reserves including gold
$108B
2024
$295M
2024
Total reserves ranking
25/177
2024
168/177
2024
Net foreign direct investment
$11.9B
2024
-$19.5M
2024
Net inflows of foreign direct investment
$18.5B
2024
$42.1M
2024
Net outflows of foreign direct investment
$30.7B
2024
$8.97M
2024
Poverty at national poverty lines
12.4%
2021
n/a
Gross capital formation, % of GDP
23.2%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/denmark/saint-kitts-and-nevis | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1991, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.