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.

Denmark GDP Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 07:00 AM GDP Growth Rate QoQ Prel 0.7% 0.2% 0.5%
2018-12-21 07:00 AM GDP Growth Rate QoQ Final 0.7% 0.1% 0.7%
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% 0.8% 0.8%
2019-03-29 07:00 AM GDP Growth Rate QoQ Final 0.4% 0.8%
2019-05-15 06:00 AM GDP Growth Rate QoQ Adv 0.4%
2019-05-29 06:00 AM GDP Growth Rate QoQ Prel 0.4%


Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.40 3.00 -2.40 percent [+]
GDP Annual Growth Rate 2.20 2.40 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.40 3.00 -2.40 1991 - 2018 percent Quarterly
SA




Country Last Previous
United States 2.60 Dec/18
Saudi Arabia 1.60 Sep/18
China 1.50 Dec/18
India 1.50 Sep/18
Singapore 1.40 Dec/18
South Africa 1.40 Dec/18
South Korea 1.00 Dec/18
Spain 0.70 Dec/18
Japan 0.50 Dec/18
Netherlands 0.50 Dec/18
France 0.30 Dec/18
Russia 0.30 Sep/18
Australia 0.20 Dec/18
Euro Area 0.20 Dec/18
Mexico 0.20 Dec/18
Switzerland 0.20 Dec/18
United Kingdom 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Germany 0.00 Dec/18
Italy -0.10 Dec/18
Argentina -0.70 Sep/18
Indonesia -1.69 Dec/18
Turkey -2.40 Dec/18


Related

Latest