Denmark Denmark vs Ireland Ireland development indicators, 2024

Indicator
Denmark
Denmark, Value
Ireland
Ireland, Value
Denmark
Denmark, Rank
Ireland
Ireland, Rank
Denmark Denmark as % of
Ireland Ireland
Exports of goods and services (% of GDP) 69.7 148 24 5 47.2 %
GDP per capita (current US$) 71,852 107,316 11 3 67 %
GDP per capita, PPP (current international US$) 79,514 131,175 13 3 60.6 %
Imports of goods and services (% of GDP) 58.9 105 36 7 55.9 %
Inflation, consumer prices (annual %) 1.37 2.11 129 109 64.9 %
Net migration 25,639 39,059 34 28 65.6 %
Population, total 5,976,992 5,380,257 114 120 111 %

Demography and Health

Denmark and Ireland have distinct demographic and health profiles. The crude birth rate in Denmark stands at 9.7 per 1,000 people, while Ireland has a higher rate of 10.3, ranking 13th compared to Denmark's 24th. Conversely, Denmark's crude death rate is 9.8 per 1,000, notably higher than Ireland's 6.6, positioning Denmark at a rank of 54 and Ireland at 80, indicative of differing health outcomes. Life expectancy at birth shows similar trends, with Denmark at 81.9 years and Ireland slightly ahead at 82.9 years. Despite these overall health indicators, Denmark boasts a lower under-5 mortality rate of 3.4 per 1,000 live births compared to Ireland's 3.8, ranking 47th versus Ireland's 28th. Moreover, poverty also plays a crucial role, with Denmark's poverty headcount ratio at 12.4% compared to 14% in Ireland.

Economy

Denmark's economy is characterized by a high GDP per capita of $71,852, while Ireland outpaces this at $107,316. When adjusted for purchasing power parity (PPP), Denmark again shows a lower figure at $79,514 compared to Ireland's $131,175. On the economic activity front, exports of goods and services constitute 69.7% of Denmark's GDP versus a remarkable 148% in Ireland, illustrating a heavy reliance on exports within the Irish economy. However, Denmark boasts a lower inflation rate of 1.4% compared to Ireland's 2.1%, providing citizens with a degree of economic stability. Furthermore, Denmark's unemployment rate at 5.1% is higher than that of Ireland at 4.3%, reflecting different labor market dynamics.

Trade and Investment

On trade and investment fronts, Ireland significantly diverges from Denmark. High-technology exports reveal that Ireland stands at $91.4 billion, while Denmark's figure is considerably lower at $16.1 billion, denoting a stronger emphasis on advanced technology sectors within Ireland. Imports as a percentage of GDP are also higher in Ireland at 105% compared to Denmark's 58.9%, indicating a considerable integration into global markets. With Denmark ranking 50th for exports and Ireland ranking 5th, it is evident that Ireland holds a prominent position in global trade networks.

Governance and Institutions

Denmark is recognized for its strong governance framework, reflected in its high ranking in several governance indicators. In government effectiveness, Denmark ranks 1st with a score of 2, while Ireland ranks 14th with a score of 1.6. Similarly, Denmark's performance in terms of regulatory quality and rule of law is superior, with ranks of 5 and 4, respectively. The control of corruption index also illustrates a stark contrast, with Denmark scoring 2.4 and ranking second globally, whereas Ireland's score of 1.6 places it at 21st. In terms of political stability, both countries share similar rankings, standing at 20th and 12th for their performance.

Infrastructure and Technology

Infrastructure performance in both Denmark and Ireland shows significant disparities. Denmark has a logistics performance index of 4.1, reflecting high-quality trade and transport-related infrastructure that supports economic activities. In contrast, Ireland's performance scores 3.5, revealing challenges in infrastructure development. Furthermore, research and development expenditure as a percentage of GDP is notably higher in Denmark at 2.9% compared to Ireland’s 1%, underscoring Denmark's commitment to innovation and technology advancement.

Environment and Sustainability

Denmark takes the lead in environmental sustainability with 39.5% of its total final energy consumption derived from renewable sources, ranking 4th globally. Ireland lags in this category with only 12.7%, placing it at 24th rank. The country also ranks lower in terms of greenhouse gas emissions per capita, with Denmark emitting 7 tons of CO2e, while Ireland's figure is higher at 10.9 tons. Furthermore, Denmark showcases a lower level of water stress at 26.4% of freshwater withdrawal as a proportion of available resources, compared to Ireland's 22.2%. These factors indicate Denmark’s proactive approach towards sustainability relative to Ireland.