Denmark Denmark vs Portugal Portugal development indicators, 2024

Indicator
Denmark
Denmark, Value
Portugal
Portugal, Value
Denmark
Denmark, Rank
Portugal
Portugal, Rank
Denmark Denmark as % of
Portugal Portugal
Current account balance (% of GDP) 13 2.17 8 40 599 %
Exports of goods and services (% of GDP) 69.7 46.5 24 44 150 %
Foreign direct investment, net inflows (% of GDP) 4.21 4.27 26 23 98.7 %
GDP per capita (current US$) 71,852 28,844 11 45 249 %
GDP per capita, PPP (current international US$) 79,514 50,617 13 41 157 %
Imports of goods and services (% of GDP) 58.9 44.7 36 61 132 %
Inflation, consumer prices (annual %) 1.37 2.42 129 99 56.8 %
Net migration 25,639 20,648 34 37 124 %
Population, total 5,976,992 10,701,636 114 89 55.9 %

Demography and Health

Denmark and Portugal present varied demographic and health indicators. In 2023, Denmark recorded a crude birth rate of 9.7 births per 1,000 people, higher than Portugal's 8.1, placing Denmark at a rank of 24 compared to Portugal's 59. However, Denmark also noted a slightly higher crude death rate of 9.8 per 1,000 compared to Portugal’s 11.2, ranking Denmark at 54 and Portugal at 38. Life expectancy at birth shows a slight contrast, with Denmark at 81.9 years, slightly lower than Portugal's 82.3 years, wherein Portugal ranks 20th while Denmark is ranked 27th. Under-5 mortality rates are comparable, with Denmark at 3.4 per 1,000 live births and Portugal at 3.2, ranking Denmark at 47 and Portugal at 52. The poverty headcount ratio in Denmark stands at 12.4%, lower than Portugal’s 16.4%. Both countries have the same prevalence of undernourishment at 2.5%, reflecting food security.

Economy

Denmark boasts a robust economy with a GDP per capita of $71,852 in 2024, significantly surpassing Portugal’s $28,844, giving Denmark a rank of 9 versus Portugal's 65. In terms of purchasing power parity (PPP), Denmark's GDP per capita is also higher at $79,514 compared to Portugal’s $50,617. Furthermore, Denmark's exports of goods and services comprise 69.7% of its GDP, indicating a strong trade orientation, ranked 50th worldwide, while Portugal's exports are 46.5% of GDP, placing it at rank 80. Both countries exhibit close figures regarding net migration, with Denmark receiving 25,639 migrants compared to Portugal’s 20,648, ranked 53rd and 57th respectively.

Trade and Investment

When assessing trade and investment, Denmark's foreign direct investment (FDI) inflows are noted at 4.2% of GDP, slightly below Portugal’s 4.3%, with Denmark ranked 36 and Portugal ranked 33. Denmark also has a current account balance of 13% of GDP, significantly outperforming Portugal's 2.2%. In the domain of high-technology exports, Denmark achieves $16.1 billion, dwarfing Portugal's $4.2 billion, marking ranks of 38 for Denmark and 52 for Portugal. Denmark’s imports as a proportion of GDP, at 58.9%, remain higher than Portugal's 44.7%, ranking Denmark at 60 and Portugal at 85.

Governance and Institutions

In terms of governance, Denmark excels with a Control of Corruption score of 2.4, ranking 2nd globally, while Portugal’s score stands at 0.7, ranking 45th. Similarly, Denmark's Government Effectiveness score is 2, placing it at the top rank of 1, while Portugal ranks 44th with a score of 1. The Rule of Law in Denmark stands strong at 1.9, ranked 4th, compared to Portugal's score of 1.1 and rank of 41. Denmark exhibits better political stability with a score of 0.9 and a rank of 20, overtaking Portugal's score of 0.7, ranked at 37. Regulatory Quality in Denmark is rated at 1.8, which also ranks it 5th, a substantial improvement over Portugal's score of 0.8 and rank of 55.

Infrastructure and Technology

Denmark scores high in infrastructure with a Logistics Performance Index of 4.1, placing it 5th globally, while Portugal's score of 3.6 positions it 13th. Denmark is also a leader in research and development, with expenditures representing 2.9% of GDP, ranking 11th, compared to Portugal’s 1.7% at rank 23. The number of patent applications from residents is another indicator of technological advancement, wherein Denmark leads with 1,090 applications at rank 10, while Portugal has 711 applications, ranked at 13.

Environment and Sustainability

Denmark is notable for its commitment to renewable energy, with 39.5% of total final energy consumption coming from renewable sources, ranking 4th, exceeding Portugal’s 32.3%, which ranks 9th. The level of water stress varies significantly; Denmark's freshwater withdrawal as a proportion of available resources is at 26.4%, with a better rank of 9, while Portugal is at 12.3%, ranked 15. Denmark's per capita greenhouse gas emissions stand at 7 tons CO2e, whereas Portugal’s are lower at 5 tons CO2e, with Denmark ranked 48 and Portugal 76. Both countries demonstrate similar commitment levels towards sustainability, although Denmark's performance showcases its advancements more prominently.