Makrognosis

Denmark Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:DK

Model score98 / 1009 Nov 2026
Grade equivalentAAAmodel-implied
BandUpper investment grade0–100 scale, 100 = strongest
Rank3rd of 84economies scored

Makrognosis sovereign credit model scores Denmark at 98 out of 100 as of 9 November 2026, equivalent to AAA on the familiar letter scale — upper investment grade.

The score is down 0.3 points from 98 on 1 October 2026.

That places Denmark 3rd of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 27.1% of GDP, a fiscal balance of 2.9% of GDP, a current account balance of 12.3% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Denmark sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 20269596979899100Robomacro
Denmark sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202698.2AAA
1 October 202698.5AAA
31 July 202698.5AAA
30 July 2026100.0AAA
26 July 202699.6AAA
21 June 202695.8AA+
18 June 2026100.0AAA
Get the Denmark sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/DK"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/DK",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Denmark, from official national and international statistics.

InputValueVintage
GDP per capitaUS$79,1652026
Real GDP growth, 5-year average3.1%2026
Inflation, recent average1.7%2026
Government debt27.1% of GDP2026
Fiscal balance2.9% of GDP2026
Current account balance12.3% of GDP2026
Foreign-exchange reserves4.4 months of imports2026
Net international investment position97.8% of GDP2026
Governance (World Bank WGI composite)1.802026

How Denmark compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
6Germany9 Nov 202694
7Ireland9 Nov 202694
8Sweden9 Nov 202694
9Norway9 Nov 202694
10Canada9 Nov 202691
11Australia9 Nov 202690
12Japan9 Nov 202689

All 84 economies ranked →

Denmark economic indicators

Denmark GDP (Gross Domestic Product)Denmark GDP at current prices, SADenmark Inflation Rate (CPI)Denmark Core Inflation RateDenmark Unemployment RateDenmark 10-Year Government Bond YieldDenmark Industrial ProductionDenmark Retail SalesDenmark Producer Price Inflation (PPI)Denmark Current Account Balance NSA (mill. DKK)Denmark Current account balance, % of GDPDenmark Trade Balance: Goods & ServicesDenmark Exports of Goods and Services NSA (mill. DKK)Denmark Imports of Goods and Services NSA (mill. DKK)Denmark Government Debt to GDPDenmark Employment

FAQ

What is Denmark's credit rating?
Makrognosis sovereign credit model scores Denmark at 98/100 as of 9 November 2026, equivalent to AAA (upper investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/DK returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.