Demographics

Demographics

Everyone knows that the Danish are the happiest nation globally. But do you know why? Primarily because education is free for everyone alongside a commendable social security and healthcare system ensuring comfort at all levels. Though Denmark has one of the highest taxes worldwide, where Danes have to pay as much as 45% of their income, 90% are happy with it.

Denmark is a thinly populated country having a population of 5.78 million only. It ranks 115th in the list of countries and dependencies by population. The country is not spread on a vast land, yet the Kingdom of Denmark has about 443 islands. Seventy out of these islands are inhabited, including Greenland.

Average Salary

The Danes earn around 40,600 DKK per month on average. The lowest average salary in the country is 10,300 DKK, whereas the highest average being 181,000 DKK. This average salary is inclusive of housing and travel benefits.

Economy of Denmark

Denmark has a stable economy, and the high taxes help drive it properly. Denmark’s annual GDP is $326 billion with a yearly growth of 2.3%. The Danish enjoy a high quality of living with equitable income distribution, allowing people to train and work for their progress. Denmark stands on the 8th rank in the list of the world’s freest economies bragging a score of 78.3.

E-commerce

Denmark has a high internet penetration rate of 98% and 4.10 million active social media users. 83% of the internet users tend to search for a particular product, and 71% make a purchase. It is reported that people in Denmark spend around 3,567 euros on online shopping on average annually. Online buyers do not only purchase from local websites, but a whopping 32% make international purchases.

Numerous e-commerce events are held throughout the year, and dropshipping to Denmark is gaining popularity. By the consistent growth of e-commerce, experts forecast revenue of $14,397 million by 2025.

Payment Gateways

All of the Danes have an account with a financial institution and possess a debit card issued by the Danish government called the Dankort. 45% of people in the country also have a credit card. Most online payments are made through Dankort, accounting for 62.9% of the total payments made. Other than Dankort, Visa, and MasterCard, methods like PayPal, e-invoice, and net banking are also used.

Fig. Card payment methods in Denmark

Popular Products

Fashion is a popular e-market segment with clothing, jewelry, and footwear making the most sales. Electronics also offer huge market sales of $1.25 billion, followed by fashion with $1.00 billion. Other than clothing, footwear, electronics, and furniture, the Danish also love to buy cameras, mobile phones, home décor, and plants online.

Dropshipping to Denmark

E-commerce can shape a more stable economy for Denmark, thus making it a potentially successful future industry. Wefullfill makes it easy by providing all the products in one place on the website and offering swift delivery. We deliver your products to Denmark within 8 to 12 business days at your comfort.