Denmark
DNK · Europe & Central Asia · High income
This page brings together what Denmark means for an ETF portfolio: the economic picture from World Bank data, the 88 Denmark stocks we track, and the ETFs that actually give you exposure — with the country weight computed from real fund holdings, not estimated.
Economic Indicators
Gross domestic product (2025)$463B
GDP per capita (2025)$76,970
Real GDP growth (2025)2.9%
Inflation rate (2025)1.9%
Unemployment rate (2025)5.5%
Population (2025)6.0 m
| Year | GDP per capita (USD) | Real GDP growth (%) | Inflation rate (%) | Unemployment rate (%) |
|---|---|---|---|---|
| 2018 | 61,325 | 1.9 | 0.8 | 5.1 |
| 2019 | 59,404 | 1.7 | 0.7 | 5.0 |
| 2020 | 60,985 | -1.8 | 0.4 | 5.6 |
| 2021 | 69,341 | 6.5 | 1.8 | 5.1 |
| 2022 | 67,781 | 0.4 | 7.7 | 4.4 |
| 2023 | 68,044 | 0.6 | 3.3 | 5.1 |
| 2024 | 71,026 | 3.5 | 1.4 | 5.4 |
| 2025 | 76,970 | 2.9 | 1.9 | 5.5 |
ETFs With the Highest Denmark Weight
Sum of the fund's individual holdings from this country — added up from published holdings, not estimated.
| ETF | Index | Weight | Holdings |
|---|---|---|---|
| State Street® SPDR® MSCI Europe Small Cap UCITS ETF SMC · IE00BKWQ0M75 | MSCI Europe Small Cap | 4.7% | 26 |
| Xtrackers MSCI Europe Small Cap UCITS ETF 1c XXSC · LU0322253906 | MSCI Europe Small Cap | 4.6% | 27 |
| Xtrackers MSCI Europe Small Cap UCITS ETF 1d XMES · LU3456232308 | MSCI Europe Small Cap | 4.6% | 27 |
| Xtrackers Stoxx Europe 600 II UCITS ETF 1c X600 · IE00003M6Z62 | STOXX Europe 600 | 2.7% | 23 |
| Xtrackers Stoxx Europe 600 II UCITS ETF 1d XESU · IE0000QMH1B4 | STOXX Europe 600 | 2.7% | 23 |
| Xtrackers Stoxx Europe 600 UCITS ETF 1c XSX6 · LU0328475792 | STOXX Europe 600 | 2.7% | 23 |
| Xtrackers Stoxx Europe 600 UCITS ETF 1d XSX7 · LU2581375156 | STOXX Europe 600 | 2.7% | 23 |
| iShares STOXX Europe 600 UCITS ETF (DE) EXSA · DE0002635307 | STOXX Europe 600 | 2.7% | 23 |
Largest Tracked Stocks
88 stocks from Denmark are covered through our ETF holdings — these carry the highest single weight.
- Novo Nordisk A/S Class B1.38%
- NOVO NORDISK CLASS B1.38%
- Novonesis A/S Class B0.86%
- NOVOZYMES CLASS B0.86%
- AL SYDBANK0.49%
- AL Sydbank A/S0.47%
- NKT0.46%
- NKT A/S0.44%
- RINGKJOBING LANDBOBANK0.42%
- OERSTED0.41%
- Orsted0.41%
- DSV A/S0.41%
- DSV0.41%
- Jyske Bank A/S0.41%
- JYSKE BANK0.41%
- Ringkjobing Landbobank A/S0.40%
- ISS0.38%
- Genmab A/S0.38%
- ISS A/S0.37%
- GENMAB0.37%
All Tracked Stocks
24 names, ETF coverage on average in the 78.0th percentile of all stocks we cover. Sorted by ETF reach.
| Stock | Ticker | ETFs |
|---|---|---|
| Pandora A/S | PNDORA | 27 |
| A.P. Moller - Maersk A/S Class B | MAERSK B | 25 |
| DSV A/S | DSV | 25 |
| Danske Bank A/S | DANSKE | 25 |
| Novo Nordisk A/S Class B | NOVO B | 25 |
| Tryg A/S | TRYG | 25 |
| Vestas Wind Systems A/S | VWS | 25 |
| Coloplast A/S Class B | COLO B | 24 |
| Genmab A/S | GMAB | 24 |
| Novonesis A/S Class B | NSIS B | 24 |
| Carlsberg AS Class B | CARL B | 23 |
| Demant A/S | DEMANT | 23 |
| AL Sydbank A/S | ALSYDB | 15 |
| ALK-abello A/S Class B | ALK B | 15 |
| ISS A S | ISS | 15 |
| NKT A/S | NKT | 15 |
| ROCKWOOL A/S Class B | ROCK B | 15 |
| Ringkjobing Landbobank A/S | RILBA | 15 |
| Royal Unibrew A/S | RBREW | 15 |
| Zealand Pharma A/S | ZEAL | 15 |
| Flsmidth and Co. Class B | FLS | 13 |
| Jyske Bank A/S | JYSK | 12 |
| Orsted A/S | ORSTED | 5 |
| A P Moller Maersk | MAERSK A | 2 |
Other Countries in This Region
Austria
Belgium
Switzerland
Germany
Spain
Finland
France
United Kingdom
Greece
Ireland
Italy
Luxembourg
Netherlands
Norway
In the Alysly Network
The map shows how Denmark connects to ETFs, indices and other names. Each link is based on measured data and is not a recommendation.
- A.P. Moller - Maersk A/S Stock · domicile
- Danske Bank A/S Stock · domicile
- DSV A/S Stock · domicile
- Novo Nordisk A/S Stock · domicile
- Pandora A/S Stock · domicile
- Tryg A/S Stock · domicile
- Vestas Wind Systems A/S Stock · domicile