Lucintel Estimates Denmark’s Economy to Reach $353 Billion by 2017

Irving, Texas (PRWEB) February 13, 2013

The Danish economy, which is considered both modern and prosperous, is expected to reach $ 353.1 billion in 2017, with a CAGR of 1.9% over the next five years. The country’s competitiveness is under pressure as wage costs have increased faster than other countries for several years, but productivity growth has not increased at the same pace. In order to strengthen the growth potential and improve productivity, government plans for reform process by 2020, which is expected to increase the labor supply and productivity.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the political, economic, social, technological, legal, and environmental conditions of Denmark and presents its findings in PESTLE Analysis of Denmark 2012. External and internal economic factors affect the performance of any nations economy and have affected almost all the industries in Denmark.

The study reveals that the Danish GDP growth rate was severely hampered by the global financial crisis as compared to the other European economies. Because of this, the country experienced increasing inflation rate above the central bank’s target range. The manufacturing industry wage costs are higher in Denmark compared to most other developed countries, with Norway being the exception.

The report indicates that apart from measures to improve growth potential, massive investments in research, education, innovation, and entrepreneurship have been undertaken. Corporate taxes have been reduced, and a political agreement has been made on a competitiveness package to enhance competition and productivity in the private and public sectors. As the country possesses an impressive export sector, the GDP growth rate is likely to improve year over year after recovery from Eurozone crisis. GDP growth is further expected to grow at a higher margin with the passage of time, as the entire region recovers from the financial crisis.

The marker research report provides up-to-date information on the economic upheavals, social dynamics, political instability, industrial development, technological advancements, and market entry strategies, Merger & Acquisition for doing business in Denmark.

For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. Lucintel offers a broad range of industry research reports, market research reports and management consulting services. To learn more, visit

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