Foreign investors staying out of Denmark

Danish companies invest a lot more abroad than foreign ones bring into the country

New figures from the Danish National Bank shows that Danish companies still invest a lot more than foreigners invest in Denmark. Throughout 2013 only 12,5 billion kroner came into the country while the Danes invested 52 billion kroner in companies abroad.

This means that the Danish investments are now 556 billion kroner larger than the foreigners stock in Denmark. On the bright side though, the foreign investments went up by 13 billion in 2013 but the number all together is still much lower than it used to be in the past.

“The tendency has been the same for a long time and it is very worrying,” told economical consultant from Dansk Industri, Mathias Secher, to news agency Ritzau.

“It is a big problem since the ability to attract foreign investments increases productivity and creates new jobs,” he added.

Employment rate standing still
The latest figures from Danmarks Statistik do not paint a more promising picture. They reveal that the employment rate has been standing absolutely still during the three last months of 2013.

They also show that over the past five years, the number of young people between the ages of 16 and 29 receiving the kontanthjælp unemployment benefit has shot up by 79 percent.

“The employment rate is about 140,000 lower than before the financial crisis began,” said economist in Sydbank Peter Bojsen Jakobsen to Ritzau.