Denmark Denmark vs Netherlands Netherlands development indicators, 2024

Indicator
Denmark
Denmark, Value
Netherlands
Netherlands, Value
Denmark
Denmark, Rank
Netherlands
Netherlands, Rank
Denmark Denmark as % of
Netherlands Netherlands
Current account balance (% of GDP) 13 9.92 8 10 131 %
Exports of goods and services (% of GDP) 69.7 84.1 24 11 82.9 %
Foreign direct investment, net inflows (% of GDP) 4.21 -1.1 26 101
GDP per capita (current US$) 71,852 68,219 11 12 105 %
GDP per capita, PPP (current international US$) 79,514 84,218 13 11 94.4 %
Imports of goods and services (% of GDP) 58.9 72 36 20 81.8 %
Inflation, consumer prices (annual %) 1.37 3.35 129 65 41 %
Net migration 25,639 121,628 34 17 21.1 %
Population, total 5,976,992 17,994,237 114 71 33.2 %

Demography and Health

In terms of demographic indicators, Denmark has a slightly higher birth rate at 9.7 per 1,000 people compared to the Netherlands' 9.2, ranking Denmark 24th and the Netherlands 36th globally. The death rate is slightly higher in Denmark at 9.8 versus the Netherlands' 9.5, with ranks of 54 and 62 respectively. Life expectancy at birth is identical for both countries at 81.9 years. The under-5 mortality rate in Denmark is lower at 3.4 per 1,000 live births compared to 4 in the Netherlands. Denmark has a lower poverty headcount ratio at 12.4% of the population compared to 14.5% in the Netherlands, indicating a somewhat better socioeconomic standing. Both countries have a low prevalence of undernourishment at 2.5%. However, Denmark faces a net migration increase of 25,639, contrasting sharply with the Netherlands' higher inflow of 121,628.

Economy

Denmark boasts a higher GDP per capita at $71,852, ranking 9th globally, while the Netherlands follows closely with $68,219 and a rank of 12th. In terms of purchasing power parity (PPP), Denmark's GDP per capita stands at $79,514 (10th) versus the Netherlands' $84,218 (9th), demonstrating slightly more purchasing capacity for the Netherlands. However, Denmark has a more favorable inflation rate at 1.4% compared to the Netherlands at 3.3%, ranking Denmark at 103rd and the Netherlands at 64th globally. Denmark's unemployment rate is 5.1%, while the Netherlands enjoys a lower rate at 3.5%, with ranks of 52 and 69 respectively. Notably, Denmark's foreign direct investment net inflows are positive at 4.2% of GDP, whereas the Netherlands has a negative net inflow of -1.1%, indicating challenges in attracting foreign capital.

Trade and Investment

The trade dynamics reveal Denmark’s exports of goods and services constitute 69.7% of its GDP, positioning it at rank 50, while the Netherlands excels with a substantial 84.1% and a rank of 31. High-technology exports show a stark contrast, with Denmark exporting $16.1 billion and ranking 38th in this sector, compared to the Netherlands’ $111 billion and a rank of 5th, showcasing the latter's robust position in technological industries. The imports as a percentage of GDP reflect that Denmark's stands at 58.9% (rank 60) while the Netherlands is higher at 72% (rank 43), indicating a more substantial dependency on imported goods.

Governance and Institutions

In terms of governance, Denmark performs exceptionally well with a Control of Corruption score of 2.4 (rank 2), compared to the Netherlands' score of 1.9 (rank 14). Government effectiveness is notably higher in Denmark with a score of 2 and a rank of 1, while the Netherlands scores 1.6 and ranks 11th. Both countries have similar regulatory quality scores of 1.8, with Denmark ranking 5th and the Netherlands 8th. Denmark demonstrates a higher rule of law at 1.9 (rank 4) compared to the Netherlands' 1.6 (rank 17). Political stability and absence of violence also favor Denmark with a score of 0.9 (20th rank) against 0.7 in the Netherlands (44th rank).

Infrastructure and Technology

Assessing infrastructure and technology, both countries have high logistics performance index scores with Denmark at 4.1 (5th rank) and the Netherlands slightly higher at 4.2 (2nd rank). This indicates a robust trade and transport infrastructure in both nations. Furthermore, Denmark has a significant research and development expenditure at 2.9% of GDP, ranking 11th, while the Netherlands allocates 2.3% (rank 14). This suggests that both countries prioritize innovation, with Denmark taking a slight lead.

Environment and Sustainability

Denmark excels in renewable energy consumption, utilizing 39.5% of its total energy from renewable sources, ranking 4th globally, as opposed to the Netherlands, which uses only 12.2% (rank 25). In terms of water resource management, Denmark faces a higher level of water stress at 26.4% compared to the Netherlands’ 16.1%. Greenhouse gas emissions per capita stand at 7 tons CO2e for Denmark, which is better than the Netherlands at 8.4 tons (rank 30). These indicators underline Denmark's commitment to sustainability, despite facing challenges in water resource management.