National Debt (% of GDP): Denmark
Denmark's national debt (% of gdp) is currently 29.1% as of 2026. # Denmark National Debt (% of GDP) Denmark's national debt stood at 29.
Current (2026)
29.1%
-1.7% y/y
Peak (1993)
78.7%
Low (2026)
29.1%
Source
IMF World Economic Outlook
1992–2026 · 39 pts
National Debt (% of GDP) — Denmark
1992 — 2026
National Debt (% of GDP) — Denmark
Analysis# Denmark National Debt (% of GDP)
Denmark's national debt stood at 29.1% of GDP in 2026, matching its all-time low and representing a dramatic 56.4% reduction since 1992. The country peaked at 78.7% in 1993 before embarking on a sustained deleveraging process. This decline reflects decades of fiscal discipline and economic management that have positioned Denmark among Europe's most fiscally healthy nations.
The 2020 pandemic temporarily reversed the downward trend, pushing debt to 46.3% of GDP as emergency spending accelerated. Recovery followed swiftly, with debt declining steadily from 2021 onward. The trajectory from 40.7% in 2021 to 29.1% in 2026 demonstrates consistent fiscal consolidation, with projections through 2030 suggesting debt levels will stabilize near current levels, maintaining Denmark's strong financial position.
Historical Data
39 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 30.4% | +1.67% |
| 2029 | 29.9% | +1.70% |
| 2028 | 29.4% | +0.68% |
| 2027 | 29.2% | +0.34% |
| 2026 | 29.1% | -1.69% |
| 2025 | 29.6% | -6.03% |
| 2024 | 31.5% | -6.80% |
| 2023 | 33.8% | -1.17% |
| 2022 | 34.2% | -15.97% |
| 2021 | 40.7% | -12.10% |
| 2020 | 46.3% | +20.89% |
| 2019 | 38.3% | -0.52% |
| 2018 | 38.5% | -4.23% |
| 2017 | 40.2% | -3.60% |
| 2016 | 41.7% | -6.50% |
| 2015 | 44.6% | -8.42% |
| 2014 | 48.7% | +1.88% |
| 2013 | 47.8% | -1.85% |
| 2012 | 48.7% | -2.60% |
| 2011 | 50.0% | +8.46% |
Show all 39 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 46.1% | +7.21% |
| 2009 | 43.0% | +21.13% |
| 2008 | 35.5% | +20.34% |
| 2007 | 29.5% | -11.14% |
| 2006 | 33.2% | -15.74% |
| 2005 | 39.4% | -14.72% |
| 2004 | 46.2% | -4.15% |
| 2003 | 48.2% | -4.17% |
| 2002 | 50.3% | +0.40% |
| 2001 | 50.1% | -6.53% |
| 2000 | 53.6% | -5.63% |
| 1999 | 56.8% | -5.80% |
| 1998 | 60.3% | -6.37% |
| 1997 | 64.4% | -5.71% |
| 1996 | 68.3% | -4.48% |
| 1995 | 71.5% | -5.05% |
| 1994 | 75.3% | -4.32% |
| 1993 | 78.7% | +17.99% |
| 1992 | 66.7% | — |
Related Data
Other Metrics
For Denmark
Compare National Debt
Same metric, other countries
Demographics
People & population data