Denmark Stock Market Cap to GDP stands at 60.06% as of December 2004, up from 55.69% a year earlier. The reading sits in the 97th percentile of its history back to 1975.
| Latest (December 2004) | 60.06% |
| One year ago | 55.69% |
| 10-year range | 30.13% – 68.16% |
| Percentile vs. full history | 97th |
| History | 1975–2004 (30 observations) |
Denmark's total stock-market capitalization as a percentage of GDP - the per-country version of the so-called Buffett indicator. Because listed-market depth differs hugely across countries, the level only means something against Denmark's own history: well above its historical range suggests a rich market, well below suggests a cheap one. Annual World Bank data, so it moves slowly - which is exactly why it anchors the valuation pillar of the tailwinds score rather than trying to time anything.
<iframe src="https://www.tacticalassetallocation.com/charts/denmark-market-cap-gdp/embed.html" width="800" height="360" loading="lazy" style="border:1px solid #ddd;border-radius:8px"></iframe>
<a href="https://www.tacticalassetallocation.com/charts/denmark-market-cap-gdp/">Denmark Stock Market Cap to GDP — Cambria Chart Lab</a>
Data: download CSV (source: World Bank World Development Indicators).