The marketsThe markets

This page presents macroeconomic data on Danske Bank's main markets. Click on a country to go directly to the relevant section.

Note: Data for United Kingdom is shown for Northern Bank's home market of Northern Ireland.

Data on Euroland is also shown for comparison.


Denmark

  • Main export markets
    Germany, Sweden, United Kingdom
  • Main import markets
    Germany, Sweden, Netherlands
  • Main export goods
    Fuel, lubricants, electricity, machinery, instruments, industrial products
  • Main import goods
    Machinery, intermediate goods for construction, consumer goods 
  • Number of inhabitants
    5,475,791
  • Percentage of inhabitants under 30 years
    35.9%

Macro data (%)*
2008E
2007
2006
GDP Growth
1.0
1.7
3.9
Export
3.4
1.9
9.0
Private consumption
1.7
2.3
3.8
Public consumption
1.6
1.6
2.0
Inflation
3.4
1.7
1.9
Unemployment
1.8
2.8
4.3
Short-term interest rate (avg.)
5.3
4.4
3.0
10-year interest rate (avg.)
4.7
4.3
3.8

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Sweden
  • Main export markets
    Germany, Norway, US
  • Main import markets
    Germany, Denmark, Norway
  • Main export goods
    Road vehicles, telecom, industrial products, machinery, equipment
  • Main import goods
    Road vehicles, crude oil, petroleum products and related materials
  • Number of inhabitants
    9,182,927
  • Percentage of inhabitants under 30 years
    35.8%

Macro data (%)*
2008E
2007
2006
GDP Growth
1.8
2.7
4.4
Export
4.8
6.0
9.5
Private consumption
1.7
3.0
2.6
Public consumption
0.9
1.1
1.9
Inflation
3.6
2.2
1.4
Unemployment
6.2
4.6
7.1
Short-term interest rate (avg.)
5.5
3.9
2.6
10-year interest rate (avg.)
4.4
4.2
3.7

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Norway
  • Main export markets
    Sweden, US, Netherlands
  • Main import markets
    Sweden, Germany, Denmark
  • Main export goods
    Mineral fuels, lubricants and related products, crude oil, petroleum and related products
  • Main import goods
    Machinery, transport equipment, manufactured goods, diverse manufactured articles
  • Number of inhabitants
    4,737,171
  • Percentage of inhabitants under 30 years
    38.1%

Macro data (%)*
2008E
2007
2006
GDP Growth
3.1
3.7
4.8
Export
3.1
2.7
0.3
Private consumption
2.8
6.5
4.7
Public consumption
3.2
3.6
2.8
Inflation
3.8
0.7
2.3
Unemployment
2.6
2.5
3.5
Short-term interest rate (avg.)
6.0
5.0
3.1
10-year interest rate (avg.)
4.6
4.8
4.1

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Republic of Ireland
  • Main export markets
    United Kingdom, US, Belgium
  • Main import markets
    United Kingdom, US, Germany
  • Main export goods
    Chemicals, machinery, transport equipment, manufactured goods 
  • Main import goods
    Data processing equipment, chemicals, machinery, transport equipment 
  • Number of inhabitants
    4,419,859
  • Percentage of inhabitants under 30 years
    44.4%

Macro data (%)*
2008E
2007
2006
GDP Growth
2.9
5.3
5.7
Export
6.4
8.2
4.4
Private consumption
3.7
5.4
5.7
Public consumption
4.0
6.7
5.3
Inflation
2.5
3.2
3.0
Unemployment
6.0
4.6
4.4
Short-term interest rate (avg.)
4.9
4.3
3.1
10-year interest rate (avg.)
4.9
5.0
3.8

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United Kingdom
  • Main export markets
    US, Germany, France
  • Main import markets
    Germany, US, Netherlands
  • Main export goods
    Manufactured goods, fuels, chemicals     
  • Main import goods
    Manufactured goods, machinery, fuels
  • Number of inhabitants
    61,185,981
  • Percentage of inhabitants under 30 years
    37.5%

Macro data (%)*
2008E
2007
2006
GDP Growth
1.6
3.1
2.6
Export
3.8
4.2
11.6
Private consumption
1.3
3.1
1.9
Public consumption
2.3
1.9
2.4
Inflation
2.6
2.3
2.3
Unemployment
2.8
3.0
2.9
Short-term interest rate (avg.)
5.8
6.0
4.8
10-year interest rate (avg.)
5.3
5.0
4.5

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Finland
  • Main export markets
    Germany, Sweden, Russia 
  • Main import markets
    Germany, Sweden, Russia 
  • Main export goods
    Machinery, equipment, chemicals, raw materials
  • Main import goods
    Foodstuffs, petroleum, chemicals
  • Number of inhabitants
    5,300,484
  • Percentage of inhabitants under 30 years
    35.1%

Macro data (%)*
2008E
2007
2006
GDP Growth
2.6
4.4
5.0
Export
2.0
5.5
10.4
Private consumption
2.7
3.7
4.3
Public consumption
0.5
0.8
1.0
Inflation
3.8
2.5
1.6
Unemployment
6.3
6.9
7.8
Short-term interest rate (avg.)
4.9
4.3
3.1
10-year interest rate (avg.)
4.8
4.3
3.7

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Estonia
  • Main export markets
    Latvia, Finland, Sweden
  • Main import markets
    Finland, Germany, Sweden 
  • Main export goods
    Machinery, wood, paper, appliances, textiles
  • Main import goods
    Machinery, chemicals, textiles
  • Number of inhabitants
    1,340,935
  • Percentage of inhabitants under 30 years
    37.5%

Macro data (%)*
2008E
2007
2006
GDP Growth
-0.8
7.1
11.4
Export
6.7
2.0
10.0
Private consumption
0.5
9.4
15.7
Public consumption
3.5
5.4
2.8
Inflation
10.4
6.6
4.4
Unemployment
5.5
4.7
5.9
Short-term interest rate (avg.)
4.9
4.8
3.2
10-year interest rate (avg.)
5.0
5.4
4.7

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Latvia
  • Main export markets
    Lithuania, Estonia, Russia 
  • Main import markets
    Lithuania, Germany, Russia
  • Main export goods
    Wood and wood products, machinery, equipment, metals 
  • Main import goods
    Machinery, equipment, chemicals, fuels
  • Number of inhabitants
    2,270,894
  • Percentage of inhabitants under 30 years
    36.7%

Macro data (%)*
2008E
2007
2006
GDP Growth
-0.5
10.2
12.0
Export
6.9
8.1
5.3
Private consumption
-0.1
14.2
19.8
Public consumption
5.4
3.6
4.0
Inflation
17.0
9.6
6.6
Unemployment
5.0
5.8
6.8
Short-term interest rate (avg.)
6.1
8.6
4.4
10-year interest rate (avg.)
5.1
6.0
4.9

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Lithuania
  • Main export markets
    Russia, Latvia, Germany     
  • Main import markets
    Russia, Germany, Poland     
  • Main export goods
    Mineral products, textiles, clothing, machinery, equipment
  • Main import goods
    Mineral products, machinery, equipment, transport equipment
  • Number of inhabitants
    3,366,357
  • Percentage of inhabitants under 30 years
    38.4%

Macro data (%)*
2008E
2007
2006
GDP Growth
4.4
8.8
7.6
Export
6.1
7.0
15.4
Private consumption
5.1
11.5
13.6
Public consumption
5.2
5.0
7.3
Inflation
10.6
5.7
3.8
Unemployment
4.5
4.2
5.6
Short-term interest rate (avg.)
4.9
5.1
3.1
10-year interest rate (avg.)
4.9
5.2
4.3

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Euroland

Shown for comparison.

  • Main export markets
    Eurozone, Asia, other European countries
  • Main import markets
    Eurozone, Asia, other European countries
  • Main export goods
    Manufactured goods, intermediate goods, consumer goods
  • Main import goods
    Manufactured goods, intermediate goods, consumer goods
  • Number of inhabitants
    320,341,974
  • Percentage of inhabitants under 30 years
    33.9%

Macro data (%)*
2008E
2007
2006
GDP Growth
1.4
2.6
2.8
Export
2.9
6.0
8.5
Private consumption
0.7
1.6
2.0
Public consumption
1.2
2.3
2.0
Inflation
3.8
2.8
2.1
Unemployment
7.2
7.4
7.8
Short-term interest rate (avg.)
4.9
4.3
3.1
10-year interest rate (avg.)
4.5
4.2
3.8


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* Source: Danske Research.

This page is updated quarterly.


Last updated on August 7, 2008

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