Denmark compares favourably on many well-being dimensions
Growth has been weak
House prices seem to have bottomed out
The labour market has deteriorated
Price competitiveness has recovered somewhat
Monetary policy has been very accommodative
Denmark's fiscal position is relatively good
Gross household debt is the highest in the OECD
The banking sector is relatively large
Non-performing loans are substantial
Deferred-amortisation loans add to financial sector vulnerability
Marginal taxes on higher incomes are elevated
Revenues from environmental taxes are high
Public health and long-term care expenditures are on course to rise sharply
Trend growth in real GDP per hour worked has been weak
Investment in knowledge-based capital is relatively high
Adult skills in Denmark are below those of other Nordic countries
Participation in global value chains is less than for some other small open economies
The retail sector is highly regulated
Public support to business R&D is provided through both tax incentives and direct funding
A relatively large share of young adults have a low level of education
The share of high-skilled workers in some private services is relatively low
Public debt ratio under alternative scenarios