Evaluating the market in Denmark

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Business environment in Denmark

Denmark is a wealthy OECD country with a strong commercial relationship with Canada. The country enjoys a stable, healthy and modern economy with a strong political system. As with most modern economies, trade is of high importance to Denmark and the potential for Canadian companies is high. EDC sees excellent business and investment potential across a wide range of sectors in the market. Priority sectors include renewable energy, power, transportation and natural resources. Denmark’s political environment is strong and stable. The government’s public debt is expected to remain low, touching 30 per cent of GDP in 2022, significantly below the Eurozone average. Denmark boasts a current account surplus, while maintaining a relatively modest fiscal deficit. Canadian exports to Denmark will continue to get a boost when the Comprehensive Economic and Trade Agreement (CETA) comes into effect. Denmark ranks 12th out of 137 in the World Economic Forum’s Global Competitiveness Report, making it an attractive location for investment.

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Jose Recinos

Senior Trade Advisor, EDC

Jose Recinos  Senior Trade Advisor, EDC