Denmark Denmark vs Luxembourg Luxembourg development indicators, 2024

Indicator
Denmark
Denmark, Value
Luxembourg
Luxembourg, Value
Denmark
Denmark, Rank
Luxembourg
Luxembourg, Rank
Denmark Denmark as % of
Luxembourg Luxembourg
Current account balance (% of GDP) 13 13.8 8 7 94.2 %
Exports of goods and services (% of GDP) 69.7 216 24 1 32.4 %
GDP per capita (current US$) 71,852 137,517 11 2 52.2 %
GDP per capita, PPP (current international US$) 79,514 150,772 13 1 52.7 %
Imports of goods and services (% of GDP) 58.9 183 36 1 32.2 %
Individuals using the Internet (% of population) 99.8 98.8 1 2 101 %
Inflation, consumer prices (annual %) 1.37 2.05 129 112 66.9 %
Net migration 25,639 5,677 34 53 452 %
Population, total 5,976,992 677,717 114 167 882 %

Demography and Health

Both Denmark and Luxembourg display strong demographics with a crude birth rate of 9.7 and 9.5 respectively. However, Denmark's crude death rate is higher at 9.8 compared to Luxembourg's 6.6, reflecting potentially differing health and longevity outcomes. Life expectancy is higher in Luxembourg, averaging 83.4 years, compared to Denmark's 81.9 years. Additionally, under-5 mortality rates suggest better health outcomes for children in Luxembourg, at 2.3 per 1,000 live births versus 3.4 in Denmark. However, the prevalence of undernourishment is identical at 2.5%, indicating food security is not an evident issue in either nation. Interestingly, Denmark has a relatively higher rate of hospital beds, with 2.5 per 1,000 people compared to Luxembourg's 4.2, suggesting differences in healthcare accessibility. Current health expenditure as a percentage of GDP is also more substantial in Denmark, at 9.4%, compared to Luxembourg's 5.8%. The suicide mortality rate shows Denmark's challenge, with a rate of 10.5 per 100,000 population compared to Luxembourg's 8.2.

Economy

Denmark's economy showcases an impressive GDP per capita of $71,852 which, while substantively lower than Luxembourg's remarkable GDP per capita of $137,517, still ranks Denmark within the top ten globally. Both countries report a high percentage of their GDP from exports of goods and services, with Denmark at 69.7% and Luxembourg at a striking 216%, indicating Luxembourg's role as a global trade hub. Import levels are also high, with Denmark at 58.9% versus Luxembourg at 183%, reinforcing Luxembourg's trade orientation. Inflation rates are lower in Denmark (1.4%) compared to Luxembourg (2.1%), signaling potentially greater economic stability in Denmark. Additionally, while the poverty headcount ratio at national levels in Denmark is lower at 12.4% versus Luxembourg's 17.3%, further highlights disparity in income distribution.

Trade and Investment

In terms of trade and investment, Luxembourg is positioned as a prominent player on the global stage, with an export-to-GDP ratio that places it fourth globally. In contrast, Denmark, while still substantial at 69.7%, ranks significantly lower at 50. This trade orientation correlates with Luxembourg's high level of foreign direct investment, reflected by the high import ratio of 183% of GDP. Denmark excels in high-technology exports, worth $16.1 billion, which significantly surpasses Luxembourg's $801.2 million, indicating Denmark's strength in innovation and technology-based industries.

Governance and Institutions

Denmark consistently ranks highly in governance indicators. It claims the top position in government effectiveness (2.0) and ranks second overall in control of corruption (2.4), highlighting robust institutional frameworks. Luxembourg, while performing well in governance, scores slightly lower in these areas, with a government effectiveness score of 1.9 and control of corruption at 1.9. The rule of law is also stronger in Denmark (1.9) compared to Luxembourg (1.8), indicating a more reliable legal environment for business and civil society. Political stability is higher in Luxembourg, with a score of 1.1 over Denmark's 0.9, suggesting that, although Denmark has lower instability, Luxembourg is perceived as more secure from political violence and terrorism.

Infrastructure and Technology

Looking at infrastructure, Denmark scores higher on the logistics performance index related to trade and transport-related infrastructure with a score of 4.1, suggesting superior quality compared to Luxembourg’s 3.6. On the technology front, Denmark leads in internet connectivity, with 99.8% of its population online, compared to Luxembourg's 98.8%. This high level of internet accessibility reflects Denmark’s commitment to digital infrastructure which can bolster productivity and innovation.

Environment and Sustainability

On the environmental front, Denmark is notable for its commitment to renewable energy, with 39.5% of its total energy consumption derived from renewable sources, significantly higher than Luxembourg's 20.5%. Denmark also has a lower total greenhouse gas emissions per capita at 7 tons compared to Luxembourg’s 11.8 tons, indicating better environmental performance. Furthermore, Denmark's level of water stress is more concerning compared to Luxembourg, with 26.4% of freshwater resources withdrawn compared to only 4% in Luxembourg, indicating operational challenges related to water management.