About the Denmark

1. DENMARK RECOVERY
AND RESILIENCE PLAN
PROJECT
Presented By:
• Klaudyna O Connor 20094855
• Belinda Hamilton 20079235
• Evelinah Owalaye 20010599
• Anju Ann George 20095909

2. Denmark Profile
● Population: 5.8 million
● Capital: Copenhagen
● Official language: Danish
● Currency: Danish Krone
● “One of the happiest countries in world” UN World
happiness report
● The Danish flag is the oldest in the world, dating
back to 1219
● Oldest monarchy in the world – current ruler
Margrethe 2nd
● Main imports – equipment, chemicals,
consumer goods and grains and foodstuffs
● Main exports – Machinery, meat, fish, dairy
products, medicines
● Parliament is called “Folketinget”
● First woman prime minister – Mette Frederiksen

3. Denmark Economy
● GDP per Capita in PPS – 129
● Expected impact of the recovery plan: between +0.4 % and + 0.6 % of the
GDP by 2024*
● Current unemployment rate: 5.6%
● Public Debt (% of the GDP): 36.7% in 2022
● EU trade – 52% exports 69% imports
*Commission forecasts and simulation
Source: https://tradingeconomics.com/denmark/government-debt-to-gdp

4. Denmark and the EU
● Denmark joined the European Communities (pre-EU) in 1973 along with UK
and Ireland
● Under the Edinburgh Agreement 1992 national currency remained as Krone
● European parliament members – 14 members
● Denmark has formal opt-outs from defence, economic and monetary union
and justice and home affairs in the EU
Source: Wivel, A., 2014. [online] Available at:
<https://www.researchgate.net/publication/267097798_Denmark_and_the_European_Unio
n> [Accessed 22 April 2022].

5. SWOT Analysis
Strengths
• Highly developed Welfare System
• High Socio-Cultural Order
• Ranks 2nd in the Climate Change
• Powerful Economy(high GDP per Capita)
compares to its small geographical size.
• Leader in Innovation expenditure (2014- Up
to 2018).
( CCPI-2022)./
• (Source: C C index in 2022.)
Weaknesses
• Excessive Household Debt
• Elevated House Valuations
• Small & Open Economy
• High Exposure to the UK & Brexit
• Loss of Competitiveness, mainly due to high Tax Burdens
• High amount of Regulatory Requirements
• Lack of sufficient progress in increasing ICT specials in the
workforce and reducing the growing shortage of talent with
advanced digital skills
(Source: allianz-trade.com)

6. SWOT Analysis
Opportunities
• With the newly launched digital strategy for
Denmark’s Digital Growth, the country has a good
foundation to remain at the forefront of digital
development.
• Delivery of digital public services among EU
countries.
• A future NATO centre for research in quantum
technology is planned on Danish soil
Threats
• Rapid digitalization risks exposing economies to
new and more intense cyber vulnerabilities
• Mounting conviction for a fast but disorderly climate
transition slowed by social, political and economic
complexities
• Poor resilience of the supply chains
• Sluggish productivity growth
• Start-ups and small and innovative companies
struggling to scale up and grow.
• R&D activity remains concentrated in a small
number of large firms in a few sectors.

7. Recovery and Resilience plan
• Funding required - 1.5 billion
• Plan consists of 33 investments and 6 reforms.
• Funding requirement state that 37% of investments
must be devoted to the climate transition and 20%
to the digital transformation
• 59% of the plan will support climate objectives
• 25% of the plan will foster the digital transition.
Required
0%
20%
40%
60%
37%
20%
59%
25%
Required Actual

8. 2%
11%
18%
34%
14%
6%
16%
Seven Components in the Danish Recovery and Resilience Plan
Strengthening the Resilience of the
Healthcare System
Green transition of Agriculture and
Environment
EnergyEfficiency, green heating and
CCS
Green Tax Reform
Sustainable Road Transport
Digitalisation
Green Research and Development
Source - Factsheet-on-the-danish-recovery-and-
resilience-plan

9. Amendments to Denmark’s Recovery &
Resilience Plan
• Proposal to amend Denmark’s
original RRP by reallocating funds
from green transition to digital
• Relocate 10% additional funding to
digital strategy
• The move will provide an
additional 66.5 M
• The additional funding to the
established digital strategy and
particularly Sub-reform 5 will
ensure its successful
implementation and increased
productivity
Source: www.dtu.dk

10. Influencing factors
• The current economic climate calls for crucial microchip research and development
• This poses a significant opportunity for Denmark to establish and build on available expertise and existing infrastructure
• Danish know-how in developing a pioneering microchip represents an important currency when it comes to the reliability of supplies of
the billions of chips needed in a digital society.
• Facilities at the National Centre for Nanofabrication and Characterization (DTU Nanolab), Denmark have research, innovation, and
product development under one roof.
• A future NATO centre for research in quantum technology is planned on Danish soil
• Rapid digitalization risks exposing economies to new and more intense cyber vulnerabilities, as new technologies and an ever-
expanding attack surface enables a more dangerous and diverse range of cybercrimes
Source: The Global Risks Report 2022

11. Benefits
• Predicted better return on investments through
increased R&D, increased productivity, business and
job opportunities, economic growth, and export
potential within a high-tech niche area of the
Danish corporate sector
• Future proofing the digital security
• Improving the public sector and services by focusing
on productivity through digitisation
• Job creation - secure Danish high-tech and skilled
jobs in the future
Challenges
• Insufficient Digital Infrastructure
• Implementation of Digitalisation within businesses
• Lack of new technologies
• Better utilisation of data
• Limited digital skills and competencies
www.dtu.dk

12. Thank you
Q and A