## Denmark: Staff Report for the 1999 Article IV Consultation

_IMF Staff Country Reports, August 26, 1999_

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**Canonical URL:** [Denmark: Staff Report for the 1999 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/30/denmark-staff-report-for-the-1999-article-iv-consultation-3171)

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## Bibliographic details
- Published: August 26, 1999
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451811032.002

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### Overview
- The Danish economy continued to perform well in 1997–98.
- Real GDP growth of about 3 percent remained above potential.
- Unemployment fell to 6 percent, less than half its level only five years earlier.
- Consumer price inflation remained subdued at slightly below 2 percent.
- The external current account balance showed a deficit—for the first time since 1989—of 1.4 percent of GDP.
- Wage inflation was 4½ percent, remaining higher than in the main trading partner countries.

### Key economic indicators (as reported)
- Real GDP growth: about 3 percent.
- Unemployment rate: 6 percent.
- Consumer price inflation: slightly below 2 percent.
- Current account balance: deficit of 1.4 percent of GDP.
- Wage inflation: 4½ percent.

### Analysis and risks highlighted
- Growth above potential contributed to increasingly evident capacity constraints.
- The emergence of a current account deficit marked the first external deficit since 1989, signaling a shift in external balances.
- Elevated wage inflation relative to main trading partners posed competitiveness and inflationary risks.

### Notes
- Included with the Staff Report are the text of Public Information Notice No. 99/83--IMF Concludes Article IV Consultation with Denmark and a Statement by Kai Aaen Hansen, Executive Director, on August 5, 1999.
- Report length: 41 pages; Series: Country Report No. 1999/088; Issue: 088; Volume: 1999; ISBN: 9781451811032; DOI: https://doi.org/10.5089/9781451811032.002

*International Monetary Fund. "Denmark: Staff Report for the 1999 Article IV Consultation", IMF Staff Country Reports 1999, 088 (1999).*

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## Content in this bundle

- **Denmark: Staff Report for the 1999 Article IV Consultation- ISCR/99/88**
  - [Denmark: Staff Report for the 1999 Article IV Consultation- ISCR/99/88 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/1999/_cr9988.pdf.md){rel="alternate" type="text/markdown"}
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- **Statement by Kai Aaen Hansen, Executive Director for Denmark, August 5, 1999**
  - [Statement by Kai Aaen Hansen, Executive Director for Denmark, August 5, 1999 (Markdown version)](/-/media/websites/imf/imported-publications/external/np/a4pilot/1999/_stm9988.pdf.md){rel="alternate" type="text/markdown"}
  - [Statement by Kai Aaen Hansen, Executive Director for Denmark, August 5, 1999 (PDF)](/-/media/websites/imf/imported-publications/external/np/a4pilot/1999/_stm9988.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/denmark-staff-report-for-the-1999-article-iv-consultation-3171_