Denmark

Name: Denmark — economic data and equity holdings
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

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)463 bn USD

GDP per capita (2025)76,970 USD

Real GDP growth (2025)2.9 %

Inflation rate (2025)1.9 %

Unemployment rate (2025)5.5 %

Population (2025)6.0 m

Economic indicators over time
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	0.8	5.0
2020	60,985	-1.8	0.4	5.6
2021	69,341	6.5	1.9	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

Source: World Bank Open Data, licensed CC BY 4.0.

Data note 1

ETFs with the highest Denmark weight

Sum of the fund's individual holdings from this country — added up from published holdings, not estimated.

ETFs by country weight
ETF	Index	Weight	Holdings
State Street® SPDR® MSCI Europe Small Cap UCITS ETF SMC · IE00BKWQ0M75	MSCI Europe Small Cap	4.5 %	26
Xtrackers MSCI Europe Small Cap UCITS ETF 1c XXSC · LU0322253906	MSCI Europe Small Cap	4.5 %	27
iShares STOXX Europe 600 UCITS ETF (DE) EXSA · DE0002635307	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
Xtrackers Stoxx Europe 600 II UCITS ETF 1c X600 · IE00003M6Z62	STOXX Europe 600	2.6 %	23
Xtrackers Stoxx Europe 600 II UCITS ETF 1d XESU · IE0000QMH1B4	STOXX Europe 600	2.6 %	23
iShares Core MSCI Europe UCITS ETF EUR (Acc) IMEA · IE00B4K48X80	MSCI Europe	2.6 %	14

Data note 2

Largest tracked stocks

88 stocks from Denmark are covered through our ETF holdings — these carry the highest single weight.

Novo Nordisk A/S Class B1.67 %
NOVO NORDISK CLASS B1.67 %
Novonesis A/S Class B0.78 %
NOVOZYMES CLASS B0.78 %
AL SYDBANK0.47 %
AL Sydbank A/S0.46 %
NKT0.46 %
NKT A/S0.46 %
OERSTED0.43 %
Orsted0.43 %
Ringkjobing Landbobank A/S0.43 %
Jyske Bank A/S0.42 %
RINGKJOBING LANDBOBANK0.42 %
JYSKE BANK0.41 %
DSV A/S0.39 %
DSV0.38 %
ISS0.36 %
ISS A/S0.35 %
VESTAS WIND SYSTEMS0.31 %
Vestas Wind Systems A/S0.31 %

All tracked stocks

24 names, ETF coverage on average in the 78.7th percentile of all stocks we cover. Sorted by ETF reach.

Tracked stocks
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	14
ALK-abello A/S Class B	ALK B	14
ISS A S	ISS	14
NKT A/S	NKT	14
ROCKWOOL A/S Class B	ROCK B	14
Ringkjobing Landbobank A/S	RILBA	14
Royal Unibrew A/S	RBREW	14
Zealand Pharma A/S	ZEAL	14
Flsmidth and Co. Class B	FLS	12
Jyske Bank A/S	JYSK	11
Orsted A/S	ORSTED	5
A P Moller Maersk	MAERSK A	2

Data note 3

Other countries in this region

In the Alysly network

How Denmark connects to ETFs, indices and neighbouring names — every link is a measured relation, not a recommendation.

Coloplast A/S Stock · domicile
Danske Bank A/S Stock · domicile
DSV A/S Stock · domicile
Genmab A/S Stock · domicile
A.P. Moller - Maersk A/S Stock · domicile
Novo Nordisk A/S Stock · domicile
Novonesis A/S Stock · domicile
Pandora A/S Stock · domicile
Tryg A/S Stock · domicile
Vestas Wind Systems A/S Stock · domicile

View the full network