Income and Expenditure: Denmark

August 2023

Denmark’s per capita gross income is predicted to rise over 2022-2027, with Late Lifers driving luxury spending. Income inequality is predicted to increase moderately, and social class D will expand. Meanwhile, housing expenses are increasing and leisure is experiencing rapid expansion. The Copenhagen region is projected to lead consumer spending. The wealthiest 10% will drive luxury consumption, while savings will rise.

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Overview:

The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.

Each Country Briefing covers one of these topics:

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Income and Expenditure: Insights into income, wealth and expenditure of consumers are vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which products or services to market, and at which price point. Other factors such as the size and expansion of the middle class and income inequality are also important in helping companies gauge the potential of a country market.

Households: Global shifts in gender, ageing, migration and housing are transforming the size, location,  general make-up as well as income and expenditure of households around the globe, with diverse implications for governments and companies. Households insights can help identify the decision-making processes and consumption tastes of different household groups and types within a country, and assess household appliance and digital readiness that is key for formulating market technology and internet strategies.

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The briefings cover 103 countries and identify topics of crucial interest to planners, marketers and researchers.

Income and Expenditure: Denmark

HEADLINES

Late Lifers will remain the highest earning population band by 2027
The most rapid growth is anticipated to occur within social class D
The government unveils relief package amid soaring inflation and energy prices
Denmark to remain among the more favourable luxury markets globally
Chart 1 Annual Gross Income Distribution by Age in Denmark: 2022
Chart 2 Distribution of Income in Denmark: Key Metrics 2022-2027
Chart 3 Gross Income Growth Index in Denmark 2022-2027
Chart 4 Average Gross Income by Age in Denmark 2022-2027
Chart 5 Population by Income Brackets in 2027
Chart 6 Gini Index 2022/2027
Chart 7 Households by Disposable Income (PPP) 2022-2027
Chart 8 Overview of Denmark’s Social Classes 2027
Chart 9 Social Class D by Age: 2022/2027
Chart 10 Consumer Market and Spending in Denmark: Key Metrics 2022-2027
Chart 11 Consumer Expenditure in Top Regions: Size in 2027 and Growth over 2017-2027
Chart 12 Urban/Rural Consumer Expenditure in 2027
Chart 13 Households Expenditure in 2022
Chart 14 Consumer Spending by Category in Denmark 2022-2027: USD per Household
Chart 15 Index of Consumer Prices in Denmark over 2017-2022
Chart 16 Households Expenditure by Category in Denmark: 2027
Chart 17 Denmark’s Wealth Landscape: 2022-2030
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