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Basic Economic Summary


  • Local Languages: Danish, English
  • Major Economic Hubs: Dhaka, Chittagong, Rajshahi, Khulna
  • Capital: Copenhagen
  • Currency: Danish Krone
  • Population: 5.806 million
  • Date Format: dd/mm/yyyy

Useful Information

  • GDP Per Capita (in USD): 60,170.34
  • Exchange Rate (DKK/USD): 0.16

Local Universities

Top Local Universities

University Rankings
University of Copenhagen Ranking in Denmark: 1, World Ranking: 31
Aarhus University Ranking in Denmark: 2, World Ranking: 71
Technical University of Denmark (DTU) Ranking in Denmark: 3, World Ranking: 124
Aalborg University Ranking in Denmark: 4, World Ranking: 230
Copenhagen Business School (CBS) Ranking in Denmark 6, World Ranking: 786

Salary Data

Average Salary of Jobs (Per Month)

The table below shows the average salaries of some jobs in Denmark. Please refer to GlassDoor for more information.

Job Title Average Salary (DKK) Average Salary (USD)
Accounting Manager 56,200 9026.44
Software Engineer 40,000 6424.52
Software Developer 37,600 6039.05
Data Scientist 62,000 9958.00
UI/UX Designer 32,800 5268.10
Production Manager 65,700 10,552.27
Sales Manager 71,900 11,548.07

Talent Sourcing Tips


Employer Payroll Tax

The employer payroll tax is calculated as follows:

Category Amount (DKK)
Mandatory Pension Scheme (ATP) 2,271.6
Contribution to maternity fund 1,150
Industrial injuries insurance, estimated * 5,000
Other public social security schemes, partly estimated 5,300

*Please be informed that the estimated industrial injuries insurance may vary

Employee Payroll Tax

The employee payroll tax is calculated as follows:

Category Amount (DKK)
Mandatory Pension Scheme (ATP) 1,135.8

Employee Monthly Income Tax

Income tax is levied annually as follows:

Taxes Income Basis Tax Rate
State taxes:
Bottom tax Personal income 12.11
Top tax Personal income 15.00
Local taxes:
Municipal tax (average) Taxable income 24.971
Labour market tax Personal income 8.00
Share tax:
DKK 0 to 56,500 Share income 27.00
More than DKK 56,500 Share income 42.00

The employee income tax rates can be found here.

Minimum Wage & Payroll

Minimum Wage

There is no official minimum wage in Denmark. However, the common minimum wage would be DKK 110 per hour.

Payroll Cycle

The employee must be paid at the end of each month


13th month salary

There is no provision for the 13th month salary in Denmark.

Working Hours & Statutory Leave

Working hours

The typical number of working hours in Denmark is 37 hours a week. 

Overtime pay

There is no law regarding overtime pay in Denmark. However, it can be decided in a collective agreement. The typical rate is 150% of regular pay for the first three hours and 200% thereafter.

Public Holidays

Number of public holidays is 10 days. The list of holidays can be found here.


Annual Paid Leave

The holiday year in Denmark runs from 1st September to 31st August and employees can accrue 25 days off each year (2.08 days per day).

Sick Leave

Every worker is entitled to 30 days of paid sick leave provided the worker worked for at least 74 hours during the 4 weeks preceding the illness. 

Parental Leave

Both parents are entitled to leave in the context of childbirth or adoption.

For maternity leave, the pregnant mother is entitled to 4 weeks of leave before the expected due date and is obliged to take 2 weeks after delivery. She is also entitled to a further 12 weeks 

Paternity Leave is also allowed of upto 2 weeks within the first 14 weeks after delivery.

Offboarding & Termination

Termination Process

Unless bound by a collective bargaining agreement, the employer is free to terminate the employment at any time.

Notice Period

The employer notice period is stipulated as per the act on salaried employees as follows:

Severance Pay

There is no statutory severance pay mentioned. However, if a salaried employee has been in employment for more than 12 to 17 years, they are entitled to a severance pay of between 1 to 3 months salary.

Probation period

There is no law regarding probation period in Denmark, however if present in the collective agreement, it must not extend 3 months.



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