Public administration, education and health constitute the largest sectors of employment in Denmark, employing almost one third of the workforce. Denmark also has a strong industrial base and is one of the leaders in green energy. Denmark has enjoyed relatively low levels of unemployment over the recent years, which meant that it was relatively easy for those without formal qualifications to find work. This has been changing more recently; as a result, ensuring that young people in particular obtain those qualifications that will allow them to transition successfully from school to work has become a policy priority. Denmark has a particularly high share of people who have completed tertiary education.
Looking to the future, employment is projected to pass its 2008 pre-crisis level by 2021-22 and continue to grow thereafter. In the period to 2025, it will be the business and other services sector that experiences the most employment growth, with most job opportunities in the professional occupational group.
In the period to 2025 Denmark is forecast to experience increased demand for highly skilled workers, and decreasing demand for medium- and low-skilledlow-skilled workers. This mirrors the projected change in workforce qualifications; by 2025, the share of Denmark’s labour force with high level qualifications is projected to further increase, whilst the share of workers with medium, low or no qualifications is expected to fall in the same period.
Denmark’s working-age population (15-64) is projected to grow in the period to 2025, with labour market participation rising. Looking further forward to 2060, Denmark is expected to have among the lowest old-age dependency ratios in the EU28.