Denmark Denmark vs France France development indicators, 2024

Indicator
Denmark
Denmark, Value
France
France, Value
Denmark
Denmark, Rank
France
France, Rank
Denmark Denmark as % of
France France
Current account balance (% of GDP) 13 0.392 8 49 3,324 %
Exports of goods and services (% of GDP) 69.7 33.2 24 75 210 %
Foreign direct investment, net inflows (% of GDP) 4.21 1.75 26 63 240 %
GDP per capita (current US$) 71,852 46,150 11 26 156 %
GDP per capita, PPP (current international US$) 79,514 61,322 13 28 130 %
Imports of goods and services (% of GDP) 58.9 34 36 85 173 %
Inflation, consumer prices (annual %) 1.37 2 129 114 68.6 %
Net migration 25,639 90,527 34 20 28.3 %
Population, total 5,976,992 68,516,699 114 23 8.72 %

Demography and Health

Denmark and France show similarities in demographic indicators, with Denmark's crude birth rate at 9.7 and France at 9.9 per 1,000 people, ranking them 24th and 19th respectively. In terms of health, Denmark has a higher death rate at 9.8 compared to France's 9.2, placing them at 54th and 65th ranks, indicating that while both countries have relatively low mortality rates, Denmark's population faces slightly higher death rates. Life expectancy favors France at 82.9 years compared to Denmark's 81.9 years, with France ranked 11th and Denmark 27th globally. Furthermore, under-5 mortality rates are lower in Denmark (3.4) than in France (4.3), ranking them 47th and 19th respectively, indicating better child healthcare outcomes in Denmark. Denmark also shows a lower suicide mortality rate (10.5) compared to France's 16.6, suggesting better mental health outcomes or supportive measures in Denmark.

Economy

Denmark boasts a significantly higher GDP per capita (current US$) than France, with values of $71,852 and $46,150 respectively, placing Denmark 9th versus France’s 37th rank. Similarly, in terms of GDP per capita adjusted for purchasing power parity (PPP), Denmark again outranks France with $79,514 compared to France's $61,322. Denmark's economy demonstrates a high reliance on exports, with exports of goods and services making up 69.7% of its GDP, far surpassing France’s 33.2%, reflecting Denmark's strong position in international trade. The inflation rate is lower in Denmark at 1.4%, compared to France's 2%, indicating a more stable economy.

Trade and Investment

Denmark's foreign direct investment (FDI) net inflows amount to 4.2% of GDP, significantly higher than France's 1.8%, reflecting Denmark's attractiveness as a destination for foreign investments. Notably, Denmark ranks higher in high-technology exports, registering $16.1 billion compared to France's $115.3 billion. This suggests that while France has a significant output in high-tech sectors, Denmark's focus on innovation particularly stands out. The current account balance also favors Denmark significantly, with a surplus of 13% of GDP compared to France’s mere 0.4%, indicating a robust economic position.

Governance and Institutions

Denmark is recognized for its strong governance indicators, ranking 1st in Government Effectiveness and 2nd in Control of Corruption, compared to France's ranks of 31st and 32nd respectively. The Rule of Law in Denmark is also stronger, with a ranking of 4th against France's 34th, showcasing a more reliable legal framework and enforcement. Political stability is another strong point for Denmark, scoring 0.9, whereas France scores only 0.3, indicating a more stable political environment in Denmark which is conducive to growth and development. These governance dimensions play a vital role in fostering a favorable climate for business and society in Denmark.

Infrastructure and Technology

Denmark's logistics performance index scores 4.1, which reflects its high-quality trade and transport-related infrastructure, compared to France's score of 3.8. This indicates Denmark's superior logistical efficiency, which is crucial for supporting its high level of exports and overall economic health. Additionally, Denmark places a strong emphasis on research and development expenditure, at 2.9% of GDP, surpassing France's 2.2%. This investment in R&D enhances technological innovation and economic competitiveness in both countries, although Denmark's higher spending suggests a greater commitment to fostering innovation.

Environment and Sustainability

Denmark excels in renewable energy consumption, with 39.5% of total final energy consumption stemming from renewable sources, in stark contrast to France's 16.2%. This positions Denmark globally as a leader in sustainability efforts, ranking 4th compared to France's 20th rank. Furthermore, Denmark demonstrates a commitment to mitigating climate change with lower total greenhouse gas emissions per capita (7 t CO2e/capita) than France's 5.6. Additionally, both countries show a similar prevalence of undernourishment (2.5% of their populations), indicating an effective approach to food security. The level of water stress is also noteworthy, with Denmark's freshwater withdrawal alsoproportional to available resources at 26.4% versus France's more conservative 21.6%, highlighting Denmark's proactive management of its water resources.