Denmark Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Denmark's government debt to gdp was 29.63% in 2025, ranked 154th globally. This represents a 5.8% decrease from 2024. Data from IMF WEO, covering 1992–2025.
Overview
Denmark's government debt to gdp stood at 29.63% in 2025, a decline of +1.82% from 2024. The IMF projects 29.63% by 2025. Denmark ranked 154th globally.
Denmark’s government debt-to‑GDP ratio has fallen dramatically over the past three decades, reaching 29.63 in 2025, which places the country 154th in the global ranking. The decline began after an all‑time peak of 78.67 in 1993, a level that reflected the fiscal pressures of early‑1990s recessionary policies, and continued through a sustained period of fiscal consolidation that saw the ratio dip to a trough of 29.48 in 2007, just before the global financial crisis. Over the 34‑year coverage span, Denmark’s debt trajectory contrasts with that of Saudi Arabia, whose 2025 ratio stands at 29.21, indicating a similar low‑debt environment among high‑income economies. The persistent reduction is attributable to disciplined budgetary frameworks, a strong primary surplus, and prudent public‑pension reforms. If fiscal discipline is maintained and economic growth remains robust, the debt‑to‑GDP ratio is likely to stay near the current low‑level range, barring major fiscal shocks or policy reversals.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 30.41% | - | - |
| 2029* IMF | 29.90% | - | - |
| 2028* IMF | 29.44% | - | - |
| 2027* IMF | 29.21% | - | - |
| 2026* IMF | 29.11% | - | - |
| 2025* IMF | 29.63% | - | - |
| 2025 | 29.63% | −1.82% | #154 |
| 2024 | 31.45% | −2.34% | #33 |
| 2023 | 33.79% | −0.44% | #39 |
| 2022 | 34.23% | −6.48% | #39 |
| 2021 | 40.71% | −5.57% | #45 |
| 2020 | 46.28% | +7.94% | #60 |
| 2019 | 38.34% | −0.20% | #54 |
| 2018 | 38.54% | −1.61% | #63 |
| 2017 | 40.15% | −1.54% | #71 |
| 2016 | 41.69% | −2.86% | #79 |
| 2015 | 44.55% | −4.16% | #96 |
| 2014 | 48.71% | +0.94% | #118 |
| 2013 | 47.77% | −0.94% | #121 |
| 2012 | 48.71% | −1.28% | #125 |
| 2011 | 49.99% | +3.86% | #127 |
Detected Pattern
Analysis
Denmark matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
The Scandinavia construction market forecast, including public infrastructure, could imply future government investment that might influence Denmark's government debt, though no specific Danish spending plans are detailed. The mention of "New Business
Frequently Asked Questions
Denmark's government debt to gdp was 29.63% in 2025. Ranked 154th globally. This represents a 5.8% decrease from the previous year.
Denmark's government debt to gdp peaked at 78.67% in 1993.
The lowest government debt to gdp in Denmark was 29.48% in 2007.
Denmark ranks 154th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Denmark's government debt to gdp is projected to reach 29.63% by 2025 based on IMF projection.
The government debt to gdp of Denmark in 2025 was 29.63%. This ranks 154th in the world.
Cite this page
@misc{historysaid_denmark_government-debt-to-gdp,
title = {Denmark Government Debt to GDP},
url = {https://historysaid.com/denmark/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}