Key indicators: New data shows upswing across Denmark
The economic upswing is benefitting all of Denmark, shows new data on the regional economic situation. It is vital to continue efforts to create good conditions for businesses and growth, says DI.
The economic upswing is benefitting all of Denmark, shows new data on the regional economic situation. It is vital to continue efforts to create good conditions for businesses and growth, says DI.
Statistics Denmark has just published new data on the economic situation in Denmark’s five regions and eleven provinces. Statistics Denmark notes that growth in the Capital Region between 2007 and 2017 was higher than in the rest of the country, but the report also shows economic progress in all of the country’s regions and provinces from 2016 to 2017.
- Denmark’s economy has grown throughout recent years, and the new data underscores this positive trend. It is encouraging to see that things are moving in the right direction all across Denmark, says Deputy Director General Kent Damsgaard, the Confederation of Danish Industry.
We must continue the positive development for the benefit of companies and citizens. Kent Damsgaard, Politisk direktør
- Increased prosperity only comes when things are going well for private companies around the country. When companies grow, it results in more jobs and more tax money for the financing of schools, roads and hospitals, says Kent Damsgaard.
West and South Zealand had the highest growth in 2017 with an increase of 3.1% between 2016 and 2017. The development was less marked but nonetheless also positive in South Jutland, where growth amounted to 1% from 2016 to 2017.
In its most recent economic forecast from November DI predicts that prosperity in Denmark overall will increase by 1.8% per year in both 2019 and 2020.
Meanwhile, instability in the global economy may have a negative impact on growth. In addition, it is becoming increasingly difficult for companies to find qualified employees for vacant positions.
- We must continue the positive development for the benefit of companies and citizens. In order to do so, however, we must continuously improve the conditions for running a business in all parts of the country. When things go well in one part of the country, it pulls growth and prosperity up in the rest of Denmark, too. Additionally, companies must be able to recruit the employees they need - and that is currently difficult, says Kent Damsgaard.
See also: Key indicators: Exports increased in third quarter
