Denmark Denmark vs Greece Greece development indicators, 2024

Indicator
Denmark
Denmark, Value
Greece
Greece, Value
Denmark
Denmark, Rank
Greece
Greece, Rank
Denmark Denmark as % of
Greece Greece
Current account balance (% of GDP) 13 -6.38 8 95
Exports of goods and services (% of GDP) 69.7 42 24 54 166 %
Foreign direct investment, net inflows (% of GDP) 4.21 2.51 26 47 168 %
GDP per capita (current US$) 71,852 24,752 11 49 290 %
GDP per capita, PPP (current international US$) 79,514 44,074 13 50 180 %
Imports of goods and services (% of GDP) 58.9 47.3 36 59 124 %
Inflation, consumer prices (annual %) 1.37 2.74 129 93 50.1 %
Net migration 25,639 -122,772 34 202
Population, total 5,976,992 10,388,805 114 93 57.5 %

Demography and Health

Denmark and Greece exhibit notable differences in demographic indicators. As of 2023, Denmark's crude birth rate is 9.7 per 1,000 people, compared to Greece's lower rate of 6.8, ranking Denmark 24th globally while Greece occupies the 77th position. In terms of death rates, Denmark has a crude death rate of 9.8, surpassing Greece's rate of 12.2, with Denmark ranked 54th and Greece ranked 29th. Life expectancy is slightly higher in Denmark at 81.9 years compared to Greece's 81.5 years, with respective ranks of 27th and 35th. The under-5 mortality rate is marginally lower in Denmark at 3.4 per 1,000 live births than Greece's 3.7, ranking Denmark 47th and Greece 32nd overall. Mental health concerns are highlighted by the suicide mortality rate, with Denmark at 10.5 compared to Greece's significantly lower 4.7, positioning Denmark 17th and Greece 26th. Moreover, Denmark's net migration figures reflect a positive influx of 25,639, while Greece suffers a net migration loss of 122,772.

Economy

Denmark leads in economic indicators, particularly with a GDP per capita of $71,852 in 2024, far exceeding Greece's $24,752 and ranking Denmark 9th versus Greece's rank of 76th. In terms of GDP per capita based on purchasing power parity (PPP), Denmark again outperforms Greece with a value of $79,514 compared to Greece's $44,074, cementing Denmark's rank of 10th against Greece's 86th. Inflation rates in Denmark are significantly lower, at 1.4%, compared to Greece's 2.7%. Both countries exhibit differing trade dynamics with Denmark's exports making up 69.7% of its GDP versus Greece's 42%. Conversely, Denmark's imports level at 58.9% compared to Greece's 47.3%. Denmark also displays healthier foreign direct investment net inflows at 4.2% versus Greece's 2.5%, along with a much better current account balance of 13% against Greece's -6.4%, indicating a substantially more robust economic outlook for Denmark.

Trade and Investment

Denmark's export economy is significantly stronger than Greece's, with exports constituting 69.7% of GDP compared to Greece's 42%. Investment environments are reflected in the foreign direct investment (FDI) inflows, where Denmark's FDI represents 4.2% of GDP, outpacing Greece's 2.5%. Moreover, Denmark ranks better in critical economic indicators, benefiting from a more favorable current account balance at 13%, while Greece faces a significant deficit of -6.4%. These factors suggest Denmark's economy is more integrated into global trade networks and attracts more investment.

Governance and Institutions

Denmark boasts strong governance metrics, illustrated by a high Control of Corruption score of 2.4, leading to a rank of 2, while Greece's score of 0.1 places it 70th. Government effectiveness in Denmark is similarly superior, with a score of 2.0 and rank of 1, compared to Greece's score of 0.1 and rank of 75. This pattern extends to political stability, where Denmark's score of 0.9 ranks it 20th, while Greece's score of 0.2 places it at 79th. Additionally, regulatory quality and rule of law are much stronger in Denmark, with scores of 1.8 and 1.9, respectively, compared to Greece's 0.6 and 0.2. These indicators reflect a significantly stronger institutional framework in Denmark than in Greece.

Infrastructure and Technology

In terms of infrastructure, Denmark scores higher in logistics performance with an index of 4.1, ranking 5th globally, compared to Greece's ranking of 11th with a score of 3.7. This performance suggests that Denmark's trade and transportation-related infrastructure are more developed and efficient, contributing to better economic performance and global competitiveness. Furthermore, Denmark outshines Greece in research and development expenditure, allocating 2.9% of GDP compared to Greece’s 1.5%, indicating a stronger commitment to innovation and technological advancement.

Environment and Sustainability

Denmark excels in environmental sustainability with 39.5% of its total energy consumption derived from renewable sources, ranking 4th globally, while Greece remains lower at 21.5%, ranking 12th. In terms of water stress, Denmark's level of freshwater withdrawal stands at a manageable 26.4%, while Greece is at 20.7%, showing that both nations are somewhat sustainable but indicating that Denmark is slightly better in terms of resource management. Greenhouse gas emissions per capita reveal Denmark at 7 tons compared to Greece's 6.7 tons, showing that both countries are working towards reducing their environmental footprints. These figures underscore Denmark's leadership in sustainable practices compared to Greece's emerging strategies.