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Economy of Denmark vs Vietnam compared: GDP & Debt

Updated on by Georank

Denmark has a GDP of $463B compared to $515B for Vietnam, ranking 36/197 and 33/197 by economy size, respectively.

Denmark has $127B in government debt (27.5% of GDP), compared to $156B (30.3% of GDP) in Vietnam.

Denmark vs Vietnam GDP by year

Denmark
Vietnam
1x
Year GDP, current $
Denmark Vietnam
2025 $462,526,660,468 $514,697,215,165
2024 $424,524,722,037 $476,324,572,784
2023 $404,651,706,118 $433,805,036,898
2022 $400,114,306,337 $413,445,230,669
2021 $406,110,162,088 $366,474,752,771
2020 $355,631,021,932 $346,615,738,538
2019 $345,401,473,013 $334,365,270,497
2018 $355,293,374,912 $310,106,478,395
2017 $331,610,593,962 $281,353,605,987
2016 $312,181,849,372 $257,096,001,178
2015 $301,758,922,338 $239,258,328,382
2014 $352,832,602,064 $233,451,469,643
2013 $344,631,016,965 $213,708,811,665
2012 $326,792,574,245 $195,590,661,129
2011 $344,315,595,263 $172,595,049,184
2010 $322,345,594,075 $147,201,173,197
2009 $322,619,152,195 $106,014,659,565
2008 $354,979,471,960 $99,130,304,099
2007 $320,213,157,595 $77,414,425,532
2006 $283,386,151,544 $66,371,664,817
2005 $265,150,087,712 $57,633,255,738
2004 $251,986,155,631 $45,427,854,693
2003 $218,421,193,436 $39,552,513,232
2002 $178,788,209,558 $35,064,105,501
2001 $164,881,594,415 $32,685,198,809
2000 $164,043,817,224 $31,172,518,403
1999 $177,887,720,536 $28,683,659,007
1998 $176,877,077,513 $27,209,602,050
1997 $173,241,365,735 $26,843,700,442
1996 $187,481,157,846 $24,657,470,575
1995 $184,848,481,008 $20,736,164,459
1994 $156,017,919,221 $16,286,433,533
1993 $143,111,306,004 $13,180,953,598
1992 $152,966,494,260 $9,866,990,236
1991 $139,180,507,778 $9,613,369,520
1990 $138,217,740,684 $6,471,740,806
1989 $112,312,200,761 $6,293,304,975
1988 $115,540,189,705 $25,423,812,649
1987 $109,183,446,340 $36,658,108,850
1986 $87,748,695,217 $26,336,616,250
1985 $62,452,421,011 $14,094,687,821
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/vietnam | CC BY

GDP per capita in Denmark vs Vietnam by year

Denmark
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $76,970 - $5,066 -
2024 $71,026 $81,878 $4,717 $16,386
2023 $68,044 $77,892 $4,323 $15,034
2022 $67,781 $78,914 $4,148 $13,905
2021 $69,341 $69,715 $3,704 $12,049
2020 $60,985 $62,682 $3,534 $11,609
2019 $59,404 $60,595 $3,441 $11,029
2018 $61,325 $57,234 $3,222 $10,010
2017 $57,522 $55,272 $2,956 $9,170
2016 $54,501 $51,821 $2,735 $8,375
2015 $53,094 $48,897 $2,578 $7,672
2014 $62,520 $47,880 $2,546 $7,297
2013 $61,378 $46,869 $2,360 $6,758
2012 $58,444 $44,755 $2,185 $6,377
2011 $61,810 $44,444 $1,951 $5,786
2010 $58,105 $43,038 $1,683 $5,389
2009 $58,413 $40,524 $1,226 $5,061
2008 $64,617 $41,467 $1,164 $4,844
2007 $58,632 $39,110 $926 $4,581
2006 $52,119 $37,392 $808 $4,237
2005 $48,926 $34,238 $711 $3,894
2004 $46,625 $33,016 $565 $3,543
2003 $40,519 $30,864 $497 $3,240
2002 $33,257 $30,667 $445 $3,002
2001 $30,768 $29,459 $419 $2,809
2000 $30,722 $28,648 $404 $2,614
1999 $33,426 $26,642 $376 $2,421
1998 $33,346 $25,799 $361 $2,308
1997 $32,780 $24,887 $362 $2,189
1996 $35,622 $23,723 $337 $2,019
1995 $35,321 $22,677 $287.8 $1,841
1994 $29,968 $21,669 $229.9 $1,674
1993 $27,582 $20,217 $189.4 $1,534
1992 $29,579 $19,830 $144.5 $1,413
1991 $27,003 $19,067 $143.7 $1,298
1990 $26,886 $18,225 $98.8 $1,210
1989 $21,882 - $98.1 -
1988 $22,525 - $405 -
1987 $21,296 - $595 -
1986 $17,137 - $436 -
1985 $12,213 - $238.6 -
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/vietnam | CC BY

Denmark's GDP per capita is $76,970, ranking 11/197, compared to $5,066 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Vietnam ranks 108th at $16,386.

Economic indicators

Denmark Vietnam
Gross domestic product
$463B
2025
$515B
2025
GDP rank
36/197
2025
33/197
2025
GDP growth
2.93%
2024-2025
8.02%
2024-2025
GDP per capita
$76,970
2025
$5,066
2025
GDP per capita rank
11/197
2025
122/197
2025
GDP per capita, PPP
$81,878
2024
$16,386
2024
GDP per capita PPP rank
14/197
2024
108/197
2024
Government debt
$127B
2025
$156B
2025
Debt-to-GDP ratio
27.5%
2025
30.3%
2025
Government debt per person
$21,192
2025
$1,537
2025
Government debt per person rank
32/185
2025
130/185
2025
Average annual personal income after taxes
$52,602
2026
$5,133
2026
Market capitalization of domestic companies
$151B
2004
$316B
2025
Number of millionaires
376,000
2025
n/a
Number of billionaires
9
2026
5
2026
Income share by richest 10%
25.5%
2023
28.1%
2022
Income share by poorest 10%
3.6%
2023
2.6%
2022
Government expenditure, % of GDP
47.6%
2025
22.1%
2025
Consumer prices inflation
1.89%
2024-2025
3.3%
2024-2025
Central bank interest rate
1.6%
2025
4.5%
2023
Unemployment rate
6.4%
2025
1.53%
2024
Population
6042125
102486146

Spending and national debt comparison by year

Denmark
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Denmark Vietnam
Government spending Government debt Government spending Government debt
2025 47.6% 27.5% 22.1% 30.3%
2024 47.3% 30.5% 19.1% 31.2%
2023 47.4% 33% 18.8% 34.3%
2022 45.1% 33.3% 18.2% 34.9%
2021 49.7% 39.6% 20.1% 39.2%
2020 53.3% 45.2% 21.3% 41.3%
2019 49.8% 38.3% 19.8% 41%
2018 50.8% 38.5% 20.5% 43.8%
2017 50.6% 40.2% 21.5% 46.6%
2016 52.4% 41.7% 22.2% 47.9%
2015 54.4% 44.6% 24.2% 46.1%
2014 55.1% 48.7% 22.8% 43.6%
2013 55.6% 47.8% 24.5% 41.4%
2012 57.9% 48.7% 23.5% 38.3%
2011 56.3% 50% 21.2% 36.2%
2010 56.5% 46.1% 23.7% 37.3%
2009 56.3% 43% 25% 36.2%
2008 50.3% 35.5% 21.4% 31%
2007 49.5% 29.5% 22.3% 32.2%
2006 49.7% 33.2% 20.5% 30.2%
2005 51.1% 39.4% 20.6% 28.7%
2004 52.8% 46.2% 19.4% 29.4%
2003 53.5% 48.2% 22.2% 29.8%
2002 53.1% 50.3% 19.7% 27.7%
2001 53% 50.1% 19.2% 25.4%
2000 52.9% 53.6% 17.8% 24.8%
1999 54.7% 56.8% 16.7% -
1998 55.6% 60.3% 16% -
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/vietnam | CC BY

In 2025, Denmark's government spending was $220B, accounting for 47.6% of its GDP, while Vietnam spent $114B, or 22.1% of GDP.

Debt-to-GDP ratio is 27.5% in Denmark and 30.3% in Vietnam, ranking 161/185 and 153/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Vietnam
1x
Year Deficit/surplus, % of GDP
Denmark Vietnam
2025 2.85% -2.2%
2024 4.46% -1.54%
2023 3.43% -1.72%
2022 3.39% 0.67%
2021 4.08% -1.43%
2020 0.36% -2.86%
2019 4.28% -0.4%
2018 0.81% -1.02%
2017 1.69% -1.96%
2016 0.3% -3.16%
2015 -0.9% -4.98%
2014 1.43% -5.02%
2013 -0.94% -5.96%
2012 -3.2% -5.46%
2011 -1.77% -0.9%
2010 -2.52% -2.25%
2009 -2.75% -4.82%
2008 3.46% -0.45%
2007 5.31% -1.74%
2006 5.29% 0.2%
2005 5.2% -0.95%
2004 2.23% -0.15%
2003 0.14% -2.56%
2002 0.25% -1.85%
2001 1.13% -2.19%
2000 1.79% -1.61%
1999 1.06% -1.25%
1998 -0.28% -0.1%
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/vietnam | 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 Vietnam's deficit of $11.3B, or 2.2% of GDP.

Over the past 28 years, Denmark recorded a fiscal deficit in 7 of those years, while Vietnam ran a deficit in 26 years. On average, Denmark posted an annual surplus equal to 1.45% of GDP, compared to deficit of 2.06% of GDP for Vietnam.

Inflation comparison by year

Inflation
Denmark

Vietnam
1x
Year Consumer prices inflation
Denmark Vietnam
2025 1.89% 3.3%
2024 1.37% 3.6%
2023 3.31% 3.3%
2022 7.7% 3.2%
2021 1.85% 1.8%
2020 0.42% 3.2%
2019 0.76% 2.8%
2018 0.81% 3.5%
2017 1.15% 3.5%
2016 0.25% 2.7%
2015 0.45% 0.6%
2014 0.56% 4.1%
2013 0.79% 6.6%
2012 2.4% 9.1%
2011 2.76% 18.7%
2010 2.31% 10.5%
2009 1.3% 6.7%
2008 3.42% 23.1%
2007 1.69% 8.3%
2006 1.92% 7.5%
2005 1.82% 8.4%
2004 1.15% 7.9%
2003 2.08% 3.3%
2002 2.42% 4.1%
2001 2.34% -0.3%
2000 2.9% -1.8%
1999 2.5% 4.1%
1998 1.85% 7.2%
1997 2.18% 3.1%

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/vietnam | CC BY

Over the past 29 years, Denmark has recorded an average annual inflation rate of 1.94%, compared with 5.59% in Vietnam. In 2025, inflation was 1.89% in Denmark and 3.3% in Vietnam.

Top exports between countries

Denmark
Export category Export value
Machinery & equipment $138M
Animal & marine products $50.9M
Chemicals & pharma $37.4M
Processed food, beverages & tobacco $17.6M
Metals $12.9M
Wood & paper products $7.37M
Textiles & consumer goods $6.46M
Raw agricultural goods $6.03M
Raw materials & minerals $2.13M
Miscellaneous $652K
Vietnam
Export category Export value
Textiles & consumer goods $186M
Machinery & equipment $76.5M
Metals $53M
Chemicals & pharma $31.4M
Processed food, beverages & tobacco $29.4M
Animal & marine products $25.1M
Wood & paper products $16.3M
Raw materials & minerals $12.1M
Raw agricultural goods $8.36M
Precious metals & jewellery $4.07M

Balance of trade

Denmark Vietnam
Current account balance
$51.8B
2024
$30.2B
2024
Current account balance ranking
13/190
2024
18/190
2024
Current account balance, % of GDP
+12.2%
2024
+6.33%
2024
Goods imports
$132B
2024
$363B
2024
Goods exports
$172B
2024
$407B
2024
Service imports
$125B
2024
$35.6B
2024
Service exports
$129B
2024
$25B
2024
Imports of goods and services, % of GDP
59.1%
2025
92.1%
2025
Exports of goods and services, % of GDP
70.1%
2025
98.2%
2025

Economic freedom indices

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

Denmark Vietnam
Economic freedom 79 64.4
Economic freedom ranking 8/197 73/197
Property rights 99.9 47.3
Government integrity 98 39.2
Judicial effectiveness 89.3 31.3
Tax burden 43.4 80.9
Government spending 34.8 89.5
Fiscal health 98 96.9
Business freedom 90.4 70
Labor freedom 65 54.7
Monetary freedom 80.1 73.2
Trade freedom 79.4 79.8
Investment freedom 90 60
Financial freedom 80 50

Economic freedom comparison by year

Denmark
Vietnam
1x
Year Economic freedom index
Denmark Vietnam
2026 79 64.4
2025 79.1 65.2
2024 77.8 62.8
2023 77.6 61.8
2022 78 60.6
2021 77.8 61.7
2020 78.3 58.8
2019 76.7 55.3
2018 76.6 53.1
2017 75.1 52.4
2016 75.3 54
2015 76.3 51.7
2014 76.1 50.8
2013 76.1 51
2012 76.2 51.3
2011 78.6 51.6
2010 77.9 49.8
2009 79.6 51
2008 79.2 50.4
2007 77 49.8
2006 75.4 50.5
2005 75.3 48.1
2004 72.4 46.1
2003 73.2 46.2
2002 71.1 45.6
2001 68.3 44.3
2000 68.3 43.7
1999 68.1 42.7
1998 67.5 40.4
1997 67.5 38.6
1996 67.3 40.2
1995 - 41.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Denmark is 79, ranking 8/197, compared to 64.4 for Vietnam, ranking 73/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Denmark Vietnam
Services, % of GDP
62.7%
2025
42.7%
2025
Industry, % of GDP
24.8%
2025
37.6%
2025
Agriculture, forestry, and fishing, % of GDP
1.17%
2025
11.6%
2025
GNI, Atlas method
$464B
2025
$505B
2025
GNI per capita, PPP
$85,460
2025
$17,580
2025
Total reserves including gold
$128B
2025
$85.6B
2025
Total reserves ranking
24/177
2025
33/177
2025
Net foreign direct investment
$12.5B
2024
-$19.6B
2024
Net inflows of foreign direct investment
$18.2B
2024
$20.2B
2024
Net outflows of foreign direct investment
$30.7B
2024
$600M
2024
Servicing debt to the IMF, % of GNI n/a
7.29%
2024
Poverty at national poverty lines
12.4%
2021
4.2%
2022
Gross capital formation, % of GDP
22.1%
2025
30.8%
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/denmark/vietnam | 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 (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, 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.