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Economy of Denmark vs Slovenia compared: GDP & Debt

Updated on by Georank team

Denmark has a GDP of $425B compared to $73B for Slovenia, ranking 37/197 and 86/197 by economy size, respectively.

Denmark has $134B in government debt (31.5% of GDP), compared to $48.6B (66.6% of GDP) in Slovenia.

Denmark vs Slovenia GDP by year

Denmark
Slovenia
1x
Year GDP, current $
Denmark Slovenia
2024 $424,524,722,037 $72,972,015,197
2023 $404,651,706,118 $69,255,264,238
2022 $400,114,306,337 $59,899,117,741
2021 $406,110,162,088 $61,540,813,362
2020 $355,631,021,932 $53,384,760,135
2019 $345,401,473,013 $53,909,922,736
2018 $355,293,374,912 $53,689,067,640
2017 $331,610,593,962 $48,153,200,135
2016 $312,181,849,372 $44,290,685,824
2015 $301,758,922,338 $42,709,468,275
2014 $352,832,602,064 $49,514,466,380
2013 $344,631,016,965 $47,867,056,859
2012 $326,792,574,245 $46,167,053,954
2011 $344,315,595,263 $51,199,194,599
2010 $322,345,594,075 $47,793,117,241
2009 $322,619,152,195 $49,975,540,955
2008 $354,979,471,960 $55,509,332,322
2007 $320,213,157,595 $47,880,266,543
2006 $283,386,151,544 $39,260,368,837
2005 $265,150,087,712 $35,947,936,824
2004 $251,986,155,631 $34,156,553,313
2003 $218,421,193,436 $29,360,575,032
2002 $178,788,209,558 $23,214,593,516
2001 $164,881,594,415 $20,668,868,707
2000 $164,043,817,224 $20,159,190,702
1999 $177,887,720,536 $22,609,669,084
1998 $176,877,077,513 $22,058,635,314
1997 $173,241,365,735 $20,726,878,752
1996 $187,481,157,846 $21,470,699,363
1995 $184,848,481,008 $21,367,422,159
1994 $156,017,919,221 $16,400,767,070
1993 $143,111,306,004 $14,449,298,372
1992 $152,966,494,260 $14,277,261,541
1991 $139,180,507,778 $14,454,495,059
1990 $138,217,740,684 $19,832,029,087
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Denmark vs Slovenia by year

Denmark
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $71,026 $81,878 $34,301 $57,186
2023 $68,044 $77,892 $32,660 $56,064
2022 $67,781 $78,914 $28,360 $52,347
2021 $69,341 $69,715 $29,193 $45,914
2020 $60,985 $62,682 $25,392 $41,767
2019 $59,404 $60,595 $25,814 $42,373
2018 $61,325 $57,234 $25,888 $38,620
2017 $57,522 $55,272 $23,303 $36,180
2016 $54,501 $51,821 $21,448 $33,575
2015 $53,094 $48,897 $20,697 $31,336
2014 $62,520 $47,880 $24,013 $30,572
2013 $61,378 $46,869 $23,237 $29,634
2012 $58,444 $44,755 $22,442 $28,787
2011 $61,810 $44,444 $24,941 $28,716
2010 $58,105 $43,038 $23,330 $27,579
2009 $58,413 $40,524 $24,502 $27,229
2008 $64,617 $41,467 $27,462 $29,461
2007 $58,632 $39,110 $23,725 $27,468
2006 $52,119 $37,392 $19,563 $25,571
2005 $48,926 $34,238 $17,970 $23,682
2004 $46,625 $33,016 $17,104 $22,588
2003 $40,519 $30,864 $14,712 $20,916
2002 $33,257 $30,667 $11,639 $20,004
2001 $30,768 $29,459 $10,376 $18,763
2000 $30,722 $28,648 $10,136 $17,892
1999 $33,426 $26,642 $11,401 $17,007
1998 $33,346 $25,799 $11,132 $15,994
1997 $32,780 $24,887 $10,437 $15,257
1996 $35,622 $23,723 $10,797 $14,284
1995 $35,321 $22,677 $10,738 $13,637
1994 $29,968 $21,669 $8,244 $13,975
1993 $27,582 $20,217 $7,255 $12,976
1992 $29,579 $19,830 $7,151 $12,296
1991 $27,003 $19,067 $7,229 $12,698
1990 $26,886 $18,225 $9,925 $13,491
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 (1960–2024, retrieved 2026-04-06).

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

Denmark's GDP per capita is $71,026, ranking 12/197, compared to $34,301 in Slovenia, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Slovenia ranks 37th at $57,186.

Economic indicators

Denmark Slovenia
Gross domestic product
$425B
2024
$73B
2024
GDP rank
37/197
2024
86/197
2024
GDP growth
3.48%
2023-2024
1.73%
2023-2024
GDP per capita
$71,026
2024
$34,301
2024
GDP per capita rank
12/197
2024
34/197
2024
GDP per capita, PPP
$81,878
2024
$57,186
2024
GDP per capita PPP rank
14/197
2024
37/197
2024
Government debt
$134B
2024
$48.6B
2024
Debt-to-GDP ratio
31.5%
2024
66.6%
2024
Government debt per person
$22,340
2024
$22,842
2024
Government debt per person rank
30/185
2024
29/185
2024
Average annual personal income after taxes
$53,468
2026
$22,215
2026
Market capitalization of domestic companies
$151B
2004
$11.4B
2024
Number of millionaires
376,000
2025
n/a
Number of billionaires
9
2025
n/a
Income share by richest 10%
25.5%
2023
20.6%
2023
Income share by poorest 10%
3.6%
2023
4.1%
2023
Government expenditure, % of GDP
47.3%
2024
46.5%
2024
Consumer prices inflation
1.37%
2023-2024
1.97%
2023-2024
Central bank interest rate
1.6%
2025
n/a
Unemployment rate
6.15%
2024
3.7%
2024
Population
6032403
2124138

Spending and national debt comparison by year

Denmark
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Denmark Slovenia
Government spending Government debt Government spending Government debt
2024 47.3% 31.5% 46.5% 66.6%
2023 47.4% 33.8% 46.4% 68.3%
2022 45.1% 34.2% 47.7% 72.8%
2021 49.7% 40.7% 49.9% 74.8%
2020 53.3% 46.3% 51.8% 80.2%
2019 49.8% 38.3% 43.8% 66%
2018 50.8% 38.5% 44.1% 71%
2017 50.6% 40.2% 44.6% 74.9%
2016 52.4% 41.7% 46.9% 79.4%
2015 54.4% 44.6% 49.5% 83.4%
2014 55.1% 48.7% 50.6% 81.1%
2013 55.6% 47.8% 57.7% 70.8%
2012 57.9% 48.7% 50% 54.1%
2011 56.3% 50% 51.4% 46.8%
2010 56.5% 46.1% 50.7% 38.6%
2009 56.3% 43% 50% 34.9%
2008 50.3% 35.5% 45.2% 21.9%
2007 49.5% 29.5% 43.5% 22.9%
2006 49.7% 33.2% 45.7% 26.2%
2005 51.1% 39.4% 46.7% 26.6%
2004 52.8% 46.2% 46.9% 27.1%
2003 53.5% 48.2% 47.6% 27%
2002 53.1% 50.3% 47.8% 27.7%
2001 53% 50.1% 49.2% 26.3%
2000 52.9% 53.6% 47.8% 26.1%
1999 54.7% 56.8% 47.2% 23.8%
1998 55.6% 60.3% 46.4% 22.8%
1997 56.2% 64.4% 45.4% 22.1%
1996 58.2% 68.3% 45.2% 21.6%
1995 58.7% 71.5% 53% 18.2%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1991, retrieved 2026-02-20).

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

In 2024, Denmark's government spending was $201B, accounting for 47.3% of its GDP, while Slovenia spent $33.9B, or 46.5% of GDP.

Debt-to-GDP ratio is 31.5% in Denmark and 66.6% in Slovenia, ranking 155/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Slovenia
1x
Year Deficit/surplus, % of GDP
Denmark Slovenia
2024 4.46% -0.93%
2023 3.43% -2.59%
2022 3.39% -3.02%
2021 4.12% -4.61%
2020 0.36% -7.68%
2019 4.28% 0.68%
2018 0.81% 0.9%
2017 1.69% 0.05%
2016 0.3% -2%
2015 -0.9% -2.84%
2014 1.43% -4.53%
2013 -0.94% -11.2%
2012 -3.2% -4.2%
2011 -1.77% -6.69%
2010 -2.52% -5.56%
2009 -2.75% -5.87%
2008 3.46% -1.44%
2007 5.31% -0.08%
2006 5.29% -1.26%
2005 5.2% -1.38%
2004 2.23% -1.98%
2003 0.14% -2.66%
2002 0.25% -2.47%
2001 1.13% -4.58%
2000 1.79% -3.77%
1999 1.06% -3.04%
1998 -0.28% -2.39%
1997 -1.22% -2.37%
1996 -2.4% -1.16%
1995 -3.5% -8.19%
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 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/denmark/slovenia | 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 Slovenia's deficit of $681M, or 0.93% of GDP.

Over the past 30 years, Denmark recorded a fiscal deficit in 10 of those years, while Slovenia ran a deficit in 27 years. On average, Denmark posted an annual surplus equal to 1.02% of GDP, compared to deficit of 3.23% of GDP for Slovenia.

Inflation comparison by year

Inflation
Denmark

Slovenia
1x
Year Consumer prices inflation
Denmark Slovenia
2024 1.37% 1.97%
2023 3.31% 7.45%
2022 7.7% 8.83%
2021 1.85% 1.92%
2020 0.42% -0.05%
2019 0.76% 1.63%
2018 0.81% 1.74%
2017 1.15% 1.43%
2016 0.25% -0.05%
2015 0.45% -0.53%
2014 0.56% 0.2%
2013 0.79% 1.77%
2012 2.4% 2.6%
2011 2.76% 1.8%
2010 2.31% 1.8%
2009 1.3% 0.84%
2008 3.42% 5.65%
2007 1.69% 3.66%
2006 1.92% 2.46%
2005 1.82% 2.45%
2004 1.15% 3.59%
2003 2.08% 5.54%
2002 2.42% 7.48%
2001 2.34% 8.38%
2000 2.9% 8.91%
1999 2.5% 6.16%
1998 1.85% 7.89%
1997 2.18% 8.36%

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

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

Over the past 28 years, Denmark has recorded an average annual inflation rate of 1.95%, compared with 3.71% in Slovenia. In 2024, inflation was 1.37% in Denmark and 1.97% in Slovenia.

Top exports between countries

Denmark
Export category Export value
Transport & tourism services $104M
Machinery & equipment $68.3M
Chemicals & pharma $24.4M
Textiles & consumer goods $16.3M
Metals $13.3M
Processed food, beverages & tobacco $11.9M
IT & IP services $10.2M
Business & finance services $7.17M
Animal & marine products $7.13M
Raw materials & minerals $4.23M
Slovenia
Export category Export value
Machinery & equipment $357M
Chemicals & pharma $195M
Textiles & consumer goods $33.7M
Metals $31.1M
Transport & tourism services $28.3M
Processed food, beverages & tobacco $12.3M
Wood & paper products $10.5M
Business & finance services $5.6M
Raw materials & minerals $4.71M
Manufacturing & construction services $1.68M

Balance of trade

Denmark Slovenia
Current account balance
$52.1B
2024
$3.32B
2024
Current account balance ranking
14/190
2024
37/190
2024
Current account balance, % of GDP
+12.3%
2024
+4.55%
2024
Goods imports
$132B
2024
$45.2B
2024
Goods exports
$172B
2024
$45.6B
2024
Service imports
$125B
2024
$9.52B
2024
Service exports
$129B
2024
$13.6B
2024
Imports of goods and services, % of GDP
60.8%
2024
74.7%
2024
Exports of goods and services, % of GDP
71%
2024
80.9%
2024

Economic freedom indices

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

Denmark Slovenia
Economic freedom 79 69.7
Economic freedom ranking 8/197 40/197
Property rights 99.9 87.6
Government integrity 98 66.1
Judicial effectiveness 89.3 91.6
Tax burden 43.4 55.5
Government spending 34.8 34.1
Fiscal health 98 83.5
Business freedom 90.4 78.7
Labor freedom 65 62.7
Monetary freedom 80.1 77.5
Trade freedom 79.4 79.4
Investment freedom 90 70
Financial freedom 80 50

Economic freedom comparison by year

Denmark
Slovenia
1x
Year Economic freedom index
Denmark Slovenia
2026 79 69.7
2025 79.1 68.3
2024 77.8 65.9
2023 77.6 68.5
2022 78 70.5
2021 77.8 68.3
2020 78.3 67.8
2019 76.7 65.5
2018 76.6 64.8
2017 75.1 59.2
2016 75.3 60.6
2015 76.3 60.3
2014 76.1 62.7
2013 76.1 61.7
2012 76.2 62.9
2011 78.6 64.6
2010 77.9 64.7
2009 79.6 62.9
2008 79.2 60.2
2007 77 59.6
2006 75.4 61.9
2005 75.3 59.6
2004 72.4 59.2
2003 73.2 57.7
2002 71.1 57.8
2001 68.3 61.8
2000 68.3 58.3
1999 68.1 61.3
1998 67.5 60.7
1997 67.5 55.6
1996 67.3 50.4

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Denmark is 79, ranking 8/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Denmark Slovenia
Services, % of GDP
63.5%
2024
57.9%
2024
Industry, % of GDP
24.1%
2024
29.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.93%
2024
1.54%
2024
GNI, Atlas method
$434B
2024
$67.6B
2024
GNI per capita, PPP
$84,680
2024
$56,520
2024
Total reserves including gold
$108B
2024
$2.83B
2024
Total reserves ranking
25/177
2024
118/177
2024
Net foreign direct investment
$11.9B
2024
-$405M
2024
Net inflows of foreign direct investment
$18.5B
2024
$1.87B
2024
Net outflows of foreign direct investment
$30.7B
2024
$1.46B
2024
Poverty at national poverty lines
12.4%
2021
12.7%
2022
Gross capital formation, % of GDP
23.2%
2024
21.5%
2024

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/slovenia | 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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.

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.