Denmark’s gross domestic product grew 0.3 percent on quarter in the three months to March of 2019, following a 0.8 percent advance in the previous period, a flash estimate showed. It was the weakest pace of expansion since the second quarter of 2018. Positive contributions to growth came from service industry. GDP Growth Rate in Denmark averaged 0.41 percent from 1991 until 2019, reaching an all time high of 3 percent in the second quarter of 2006 and a record low of -2.40 percent in the fourth quarter of 2008.

GDP Growth Rate in Denmark is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Denmark to stand at 0.40 in 12 months time. In the long-term, the Denmark GDP Growth Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.

Denmark GDP Growth Rate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-14 07:00 AM GDP Growth Rate QoQ Adv 0.8% 0.7% 0.5%
2019-02-28 07:00 AM GDP Growth Rate QoQ Prel 0.7% 0.4% 0.7% 0.8%
2019-03-29 07:00 AM GDP Growth Rate QoQ Final 0.8% 0.4% 0.7%
2019-05-15 06:00 AM GDP Growth Rate QoQ Adv 0.3% 0.8% 0.4%
2019-05-29 06:00 AM GDP Growth Rate QoQ Prel 0.8% 0.3% 0.3%
2019-06-28 06:00 AM GDP Growth Rate QoQ Final 0.8% 0.3%
2019-08-14 06:00 AM GDP Growth Rate QoQ Adv 0.4%


Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.80 3.00 -2.40 percent [+]
GDP Annual Growth Rate 2.60 2.60 6.40 -6.20 percent [+]
GDP 324.87 306.90 353.36 6.25 USD Billion [+]
GDP Constant Prices 515903.00 510222.00 515903.00 325162.00 DKK Million [+]
Gross National Product 529677.00 524758.00 529677.00 299954.00 DKK Million [+]
Gross Fixed Capital Formation 107123.00 107026.00 121422.00 49914.00 DKK Million [+]
GDP per capita 61582.17 60670.24 61582.17 21075.60 USD [+]
GDP per capita PPP 46682.51 45991.22 46682.51 33785.65 USD [+]
GDP From Agriculture 5623.00 5341.00 7220.00 2959.00 DKK Million [+]
GDP From Construction 26117.00 25270.00 26117.00 13812.00 DKK Million [+]
GDP From Manufacturing 64672.00 61418.00 64709.00 38372.00 DKK Million [+]
GDP From Mining 6211.00 5884.00 19841.00 5703.00 DKK Million [+]
GDP From Public Administration 98072.00 97951.00 99616.00 71427.00 DKK Million [+]
GDP From Transport 92643.00 88603.00 92643.00 46527.00 DKK Million [+]


Denmark GDP Growth Rate

In Denmark, household consumption is the main component of GDP and accounts for 49 percent of its total use, followed by government expenditure (27 percent, the highest among EU countries) and gross fixed capital formation (19 percent). Exports of goods and services account for 54 percent of GDP while imports account for 48 percent, adding 6 percent of total GDP. This page provides the latest reported value for - Denmark GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Denmark GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.80 3.00 -2.40 1991 - 2019 percent Quarterly
SA




Country Last Previous
Singapore 3.80 Mar/19
United States 3.20 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18


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