Denmark

Before the COVID-19 pandemic decimated the global economy, Denmark had made huge moves to create a more robust economy by implementing sustainable living policies and investing in its service, trade and manufacturing industries. These measures allowed the country to remain above the water through 2020 and 2021 compared to other global markets. However, the country’s gross domestic product (GDP) recorded its steepest fall in the first half of 2020 by 3.3%, largely related to foreign trade. That said, Denmark’s GDP remains one of the highest in the world.

The country has made headlines with its push towards sustainability when it passed its Climate Act in 2019 that targeted a 70% reduction in greenhouse gas emissions. The nation has been incredibly successful in meeting its goals, with carbon emissions cut in half since its peak in 1996. Denmark is currently a leader in wind energy and technology, with almost half of its energy production met through wind sources. As the world crawls out from under the thumb of the COVID-19 crisis and trade recommences, Denmark is expecting to rebalance its economy swiftly and continue pushing innovation in manufacturing and green initiatives.