Bankruptcies in Denmark Jump to Highest Level Since 2010
- Construction and trade account for 45% of bankruptcies in 2023
- Companies suffer from rising costs and declining demand
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More Danish companies went bankrupt last year than at any point since the aftermath of the global financial crisis, as the construction sector in particular suffered from higher interest rates.
The Nordic country recorded 3,078 bankruptcies among active companies in 2023, the highest in 13 years and an increase of 8.6% from a year earlier, Statistics Denmark said on Friday. The measure covers active firms, meaning they have employees or a revenue of more than 1 million kroner ($150,000).