The Danish economy grew by 0.7 percent on quarter in the three months to December of 2018, following a downwardly revised 0.4 percent expansion in the previous period, but below flash estimates of 0.8 percent expansion, the preliminary estimates showed. It was the strongest pace of expansion since the first quarter. Net external demand contributed positively to GDP, due to an increase in exports (0.9 percent vs 1.7 percent in Q3) while imports stalled (vs -4.6 percent in Q3). Meantime, household consumption grew (0.3 percent vs -0.1 percent in Q3): government spending went up by 1.2 percent after decreasing by 0.8 percent in the prior quarter, and fixed investment contracted less (-0.9 percent vs -12.2 percent). Year-on-year, the economy advanced 2.2 percent, following an upwardly revised 2.4 percent expansion in the third quarter. GDP Growth Rate in Denmark averaged 0.41 percent from 1991 until 2018, 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 0.30 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.