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Economy of Denmark vs Yemen compared: GDP & Debt

Updated on by Georank team

Denmark has a GDP of $425B compared to $21.6B for Yemen, ranking 37/197 and 125/197 by economy size, respectively.

Denmark has $134B in government debt (31.5% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Denmark vs Yemen GDP by year

Denmark
Yemen
1x
Year GDP, current $
Denmark Yemen
2024 $424,524,722,037 -
2023 $404,651,706,118 -
2022 $400,114,306,337 -
2021 $406,110,162,088 -
2020 $355,631,021,932 -
2019 $345,401,473,013 -
2018 $355,293,374,912 $21,606,160,663
2017 $331,610,593,962 $26,842,229,045
2016 $312,181,849,372 $31,317,825,274
2015 $301,758,922,338 $42,444,490,074
2014 $352,832,602,064 $43,228,585,321
2013 $344,631,016,965 $40,415,233,436
2012 $326,792,574,245 $35,401,331,610
2011 $344,315,595,263 $32,726,417,878
2010 $322,345,594,075 $30,906,749,533
2009 $322,619,152,195 $25,130,278,213
2008 $354,979,471,960 $26,910,855,807
2007 $320,213,157,595 $21,650,528,674
2006 $283,386,151,544 $19,063,143,370
2005 $265,150,087,712 $16,731,566,717
2004 $251,986,155,631 $13,867,634,371
2003 $218,421,193,436 $11,777,532,662
2002 $178,788,209,558 $10,693,430,511
2001 $164,881,594,415 $9,852,990,693
2000 $164,043,817,224 $9,679,316,770
1999 $177,887,720,536 $7,639,325,296
1998 $176,877,077,513 $6,322,175,566
1997 $173,241,365,735 $6,838,298,531
1996 $187,481,157,846 $6,496,163,616
1995 $184,848,481,008 $12,796,345,679
1994 $156,017,919,221 $28,019,483,764
1993 $143,111,306,004 $21,736,802,664
1992 $152,966,494,260 $17,959,367,194
1991 $139,180,507,778 $14,665,445,462
1990 $138,217,740,684 $12,643,821,569
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/yemen | CC BY

GDP per capita in Denmark vs Yemen by year

Denmark
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Denmark Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $71,026 $81,878 - -
2023 $68,044 $77,892 - -
2022 $67,781 $78,914 - -
2021 $69,341 $69,715 - -
2020 $60,985 $62,682 - -
2019 $59,404 $60,595 - -
2018 $61,325 $57,234 $634 -
2017 $57,522 $55,272 $811 -
2016 $54,501 $51,821 $975 -
2015 $53,094 $48,897 $1,362 -
2014 $62,520 $47,880 $1,430 -
2013 $61,378 $46,869 $1,379 $3,164
2012 $58,444 $44,755 $1,245 $3,005
2011 $61,810 $44,444 $1,186 $3,113
2010 $58,105 $43,038 $1,155 $3,603
2009 $58,413 $40,524 $969 $3,411
2008 $64,617 $41,467 $1,072 $3,370
2007 $58,632 $39,110 $890 $3,294
2006 $52,119 $37,392 $810 $3,205
2005 $48,926 $34,238 $734 $3,113
2004 $46,625 $33,016 $628 $2,949
2003 $40,519 $30,864 $549 $2,844
2002 $33,257 $30,667 $513 $2,768
2001 $30,768 $29,459 $487 $2,702
2000 $30,722 $28,648 $493 $2,624
1999 $33,426 $26,642 $401 $2,492
1998 $33,346 $25,799 $343 $2,442
1997 $32,780 $24,887 $383 $2,351
1996 $35,622 $23,723 $375 $2,268
1995 $35,321 $22,677 $764 $2,201
1994 $29,968 $21,669 $1,735 $2,115
1993 $27,582 $20,217 $1,397 $2,013
1992 $29,579 $19,830 $1,198 $1,963
1991 $27,003 $19,067 $1,016 $1,843
1990 $26,886 $18,225 $910 $1,742
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/yemen | CC BY

Denmark's GDP per capita is $71,026, ranking 12/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Denmark ranks 14th at $81,878, while Yemen ranks 178th at $3,164.

Economic indicators

Denmark Yemen
Gross domestic product
$425B
2024
$21.6B
2018
GDP rank
37/197
2024
125/197
2018
GDP growth
3.48%
2023-2024
0.75%
2017-2018
GDP per capita
$71,026
2024
$634
2018
GDP per capita rank
12/197
2024
191/197
2018
GDP per capita, PPP
$81,878
2024
$3,164
2013
GDP per capita PPP rank
14/197
2024
178/197
2013
Government debt
$134B
2024
$18.8B
2018
Debt-to-GDP ratio
31.5%
2024
70.9%
2024
Government debt per person
$22,340
2024
$551
2018
Government debt per person rank
30/185
2024
165/185
2018
Average annual personal income after taxes
$53,468
2026
$1,127
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
29.4%
2014
Income share by poorest 10%
3.6%
2023
3%
2014
Government expenditure, % of GDP
47.3%
2024
8.91%
2024
Consumer prices inflation
1.37%
2023-2024
33.9%
2023-2024
Central bank interest rate
1.6%
2025
n/a
Unemployment rate
6.15%
2024
13.5%
2014
Population
6032403
43325643

Spending and national debt comparison by year

Denmark
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Denmark Yemen
Government spending Government debt Government spending Government debt
2024 47.3% 31.5% 8.91% 70.9%
2023 47.4% 33.8% 11.8% 77.9%
2022 45.1% 34.2% 12.2% 65.3%
2021 49.7% 40.7% 8.22% 75.9%
2020 53.3% 46.3% 10.6% 87%
2019 49.8% 38.3% 13.2% 91.5%
2018 50.8% 38.5% 14.3% 86.9%
2017 50.6% 40.2% 8.39% 83.8%
2016 52.4% 41.7% 16.1% 76.5%
2015 54.4% 44.6% 19.4% 57.7%
2014 55.1% 48.7% 27.8% 48.9%
2013 55.6% 47.8% 30.8% 48.4%
2012 57.9% 48.7% 36.2% 47.6%
2011 56.3% 50% 29.8% 45.7%
2010 56.5% 46.1% 30.2% 42.4%
2009 56.3% 43% 35.2% 49.8%
2008 50.3% 35.5% 41.2% 36.4%
2007 49.5% 29.5% 40.3% 40.4%
2006 49.7% 33.2% 37.4% 40.8%
2005 51.1% 39.4% 36.8% 43.8%
2004 52.8% 46.2% 34.2% 52.1%
2003 53.5% 48.2% 35.3% 56.8%
2002 53.1% 50.3% 30.8% 57.8%
2001 53% 50.1% 30.5% 60.6%
2000 52.9% 53.6% 31.7% 60.8%
1999 54.7% 56.8% 28.2% 96.1%
1998 55.6% 60.3% 34.3% 110.6%
1997 56.2% 64.4% 34.2% 74.2%
1996 58.2% 68.3% 30.7% 114.9%
1995 58.7% 71.5% 24.1% 84.1%
1994 59.5% 75.3% 25.2% 73.3%
1993 59.5% 78.7% 25.8% 76.7%
1992 56.4% 66.7% 24.6% 78%
1991 55.5% 63.2% 24.7% 82.7%
1990 55.1% 62.4% 26.6% 91.6%
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 (1960–1998, retrieved 2026-02-20).

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

In 2024, Denmark's government spending was $201B, accounting for 47.3% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 31.5% in Denmark and 70.9% in Yemen, ranking 155/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Denmark

Yemen
1x
Year Deficit/surplus, % of GDP
Denmark Yemen
2024 4.46% -2.48%
2023 3.43% -5.63%
2022 3.39% -2.15%
2021 4.12% -0.89%
2020 0.36% -4.3%
2019 4.28% -5.89%
2018 0.81% -7.85%
2017 1.69% -4.9%
2016 0.3% -8.51%
2015 -0.9% -8.75%
2014 1.43% -4.14%
2013 -0.94% -6.9%
2012 -3.2% -6.32%
2011 -1.77% -4.51%
2010 -2.52% -4.06%
2009 -2.75% -10.2%
2008 3.46% -4.53%
2007 5.31% -7.18%
2006 5.29% 1.19%
2005 5.2% -1.82%
2004 2.23% -2.15%
2003 0.14% -4.2%
2002 0.25% -0.56%
2001 1.13% 2.79%
2000 1.79% 6.09%
1999 1.06% 0.06%
1998 -0.28% -7.77%
1997 -1.22% -1.5%
1996 -2.4% -0.92%
1995 -3.5% -5.74%
1994 -3.85% -14%
1993 -3.73% -12.8%
1992 -2.6% -10.9%
1991 -3.15% -5.76%
1990 -1.78% -10.3%
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/yemen | CC BY

In 2018, Denmark's government surplus, the difference between spending and revenue, was $2.88B, equivalent to 0.81% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, Denmark recorded a fiscal deficit in 15 of those years, while Yemen ran a deficit in 25 years. On average, Denmark posted an annual deficit equal to 0.15% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
Denmark

Yemen
1x
Year Consumer prices inflation
Denmark Yemen
2024 1.37% 33.9%
2023 3.31% 0.9%
2022 7.7% 29.5%
2021 1.85% 31.5%
2020 0.42% 21.7%
2019 0.76% 15.7%
2018 0.81% 33.6%
2017 1.15% 30.4%
2016 0.25% 21.3%
2015 0.45% 22%
2014 0.56% 8.2%
2013 0.79% 11%
2012 2.4% 9.9%
2011 2.76% 19.5%
2010 2.31% 11.2%
2009 1.3% 3.7%
2008 3.42% 19%
2007 1.69% 7.9%
2006 1.92% 10.8%
2005 1.82% 9.9%
2004 1.15% 12.5%
2003 2.08% 10.8%
2002 2.42% 12.2%
2001 2.34% 11.9%
2000 2.9% 11%
1999 2.5% 7.9%
1998 1.85% 11.5%
1997 2.18% 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Denmark has recorded an average annual inflation rate of 1.95%, compared with 15.5% in Yemen. In 2024, inflation was 1.37% in Denmark and 33.9% in Yemen.

Top exports between countries

Denmark
Export category Export value
Processed food, beverages & tobacco $54.1M
Animal & marine products $15M
Chemicals & pharma $3.69M
Textiles & consumer goods $928K
Machinery & equipment $825K
Raw agricultural goods $364K
Raw materials & minerals $219K
Metals $188K
Miscellaneous $85K
Wood & paper products $40K
Yemen
Export category Export value
Chemicals & pharma $3K

Balance of trade

Denmark Yemen
Current account balance
$52.1B
2024
-$2.42B
2016
Current account balance ranking
14/190
2024
148/190
2016
Current account balance, % of GDP
+12.3%
2024
-7.72%
2016
Goods imports
$132B
2024
$6.8B
2016
Goods exports
$172B
2024
$473M
2016
Service imports
$125B
2024
$1.46B
2016
Service exports
$129B
2024
$466M
2016
Imports of goods and services, % of GDP
60.8%
2024
47.3%
2018
Exports of goods and services, % of GDP
71%
2024
8.76%
2018

Economic freedom indices

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

Denmark Yemen
Economic freedom 79 53.7
Economic freedom ranking 8/197 138/197
Property rights 99.9 3.5
Government integrity 98 6.2
Judicial effectiveness 89.3 9.9
Tax burden 43.4 93.7
Government spending 34.8 0
Fiscal health 98 71.2
Business freedom 90.4 31.3
Labor freedom 65 31.2
Monetary freedom 80.1 48.1
Trade freedom 79.4 67.4
Investment freedom 90 50
Financial freedom 80 30

Economic freedom comparison by year

Denmark
Yemen
1x
Year Economic freedom index
Denmark Yemen
2026 79 -
2025 79.1 -
2024 77.8 -
2023 77.6 -
2022 78 -
2021 77.8 -
2020 78.3 -
2019 76.7 -
2018 76.6 -
2017 75.1 -
2016 75.3 -
2015 76.3 53.7
2014 76.1 55.5
2013 76.1 55.9
2012 76.2 55.3
2011 78.6 54.2
2010 77.9 54.4
2009 79.6 56.9
2008 79.2 53.8
2007 77 54.1
2006 75.4 52.6
2005 75.3 53.8
2004 72.4 50.5
2003 73.2 50.3
2002 71.1 48.6
2001 68.3 44.3
2000 68.3 44.5
1999 68.1 43.3
1998 67.5 46.1
1997 67.5 48.4
1996 67.3 49.6
1995 - 49.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Denmark is 79, ranking 8/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Denmark Yemen
Services, % of GDP
63.5%
2024
41.8%
2018
Industry, % of GDP
24.1%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
0.93%
2024
28.7%
2018
GNI, Atlas method
$434B
2024
$25.3B
2018
GNI per capita, PPP
$84,680
2024
$3,020
2013
Total reserves including gold
$108B
2024
$1.25B
2022
Total reserves ranking
25/177
2024
139/177
2022
Net foreign direct investment
$11.9B
2024
$15.4M
2015
Net inflows of foreign direct investment
$18.5B
2024
-$371M
2019
Net outflows of foreign direct investment
$30.7B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.53%
2018
Poverty at national poverty lines
12.4%
2021
48.6%
2014
Gross capital formation, % of GDP
23.2%
2024
6.18%
2018

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/yemen | 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 (1880–1998, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2015–2024, 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.

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.