The Danish economy expanded by 0.4 percent on quarter in the three months to September of 2019, more than an earlier estimate of a 0.3 percent growth, and compared to a downwardly revised 1.0 percent rise in the previous period. Household consumption increased 0.4 percent (0.3 percent in Q2) and net external demand contributed positively to GDP growth, as exports went up 1.3 percent (vs 4.8 percent in Q2) while imports rose at a softer 1.0 percent (vs 1.6 percent in Q2). Meanwhile, government spending showed no growth (the same as in Q2). By contrast, fixed investment continued to shrink (-2.2 percent vs -0.6 percent). Year-on-year, the economy advanced 2.3 percent, after an upwardly revised 2.6 percent expansion in the second quarter. GDP Growth Rate in Denmark averaged 0.42 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. source: Statistics Denmark

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.

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Denmark GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.40 1.00 3.00 -2.40 1991 - 2019 percent Quarterly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 06:00 AM GDP Growth Rate QoQ Final Q2 0.9% 0.3% 0.8%
2019-11-14 07:00 AM GDP Growth Rate QoQ Adv Q3 0.3% 0.9% 0.3%
2019-11-29 07:00 AM GDP Growth Rate QoQ Prel Q3 0.3% 1.1% 0.3% 0.3%
2019-12-20 07:00 AM GDP Growth Rate QoQ Final Q3 0.4% 1.0% 0.3%
2020-02-14 07:00 AM GDP Growth Rate QoQ Adv Q4 0.4% 0.4%


News Stream
2019-11-29
Danish GDP Growth Slows to 0.3% in Q3
The Danish economy expanded by 0.3 percent on quarter in the three months to September of 2019, easing from an upwardly revised 1.1 percent growth in the previous period, a preliminary estimate showed. Household consumption increased 0.3 percent (the same pace as in Q2) and net external demand contributed positively to GDP growth, as exports went up 1.2 percent (vs 4.8 percent in Q2) while imports rose at a softer 0.4 percent (vs 1.3 percent in Q2). Meanwhile, government spending showed no growth ( vs -0.1 percent in Q2). By contrast, fixed investment continued to shrink (-2.8 percent vs -0.9 percent). Year-on-year, the economy advanced 2.2 percent, after a downwardly revised 2.5 percent expansion in the second quarter.

2019-11-14
Danish GDP Growth Rate Eases to 0.3% in Q3
Denmark’s gross domestic product grew 0.3 percent on quarter in the three months to September of 2019, following a 0.9 percent advance in the previous period, a flash estimate showed.

2019-09-30
Danish Q2 GDP Growth Rate Revised Up to 0.9%
The Danish economy expanded by 0.9 percent on quarter in the three months to June of 2019, faster than a preliminary estimates of 0.8 percent and compared to a revised 0.3 percent growth in the previous period. This was the strongest GDP growth rate since the fourth quarter 2017, as household consumption went up faster (0.5 percent vs 0.2 percent in Q1). In addition, government spending rebounded (0.1 percent vs -0.2 percent) and net external demand contributed positively to GDP growth, as exports went up 3.8 percent (vs 0.3 percent in Q1) and imports rose just 0.1 percent (vs 1.4 percent in Q1). By contrast, fixed investment fell 0.3 percent, after a 2.0 percent jump in Q1. Year-on-year, the economy advanced 2.6 percent, after a revised 2.0 percent expansion in the first quarter.

2019-08-30
Danish GDP Growth Accelerates to 0.8% in Q2
The Danish economy expanded by 0.8 percent on quarter in the three months to June of 2019, accelerating from an upwardly revised 0.2 percent growth in the previous period, a preliminary estimate showed. Both household consumption (0.4 percent vs 0.3 percent in Q1) and government spending (0.3 percent, after a flat reading in Q1) rose, while net external demand contributed positively to GDP growth, as exports went up 3.3 percent (vs 0.1 percent in Q1) while imports declined 0.2 percent (vs 0.9 percent in Q1). By contrast, fixed investment fell (-0.9 percent vs 1.8 percent). Year-on-year, the economy advanced 2.3 percent, after a 1.9 percent expansion in the first quarter.

2019-08-14
Danish GDP Growth Rate Accelerates to 0.8% in Q2
Denmark’s gross domestic product grew 0.8 percent on quarter in the three months to June of 2019, following a 0.1 percent advance in the previous period, a flash estimate showed. Positive contributions to growth came from industry and transport. Considering the first half of the year, the economy expanded 2 percent compared with the same period of 2018.

2019-06-28
Danish GDP Growth Revised Lower to 0.1% in Q1
The Danish economy grew by 0.1 percent on quarter in the three months to March of 2019, softer than a preliminary estimates of 0.2 percent, and slowing from a downwardly revised 0.8 percent advance in the previous period, final figures showed. It was the weakest pace of expansion since the third quarter 2017, when the economy shrank by 1 percent. Government spending edged down 0.1 percent, after a 0.5 percent gain in Q4 and net external demand contributed negatively to GDP, as exports fell 0.4 percent (vs 0.8 percent in Q4) while imports rose 1.2 percent (vs -0.1 percent in Q4). Meanwhile, household consumption went up 0.4 percent, following a 0.3 percent rise in Q4 2018 and fixed investment rebounded (2.5 percent vs -0.5 percent). Year-on-year, the economy advanced 1.9 percent, after a 2.6 percent expansion in the fourth quarter.


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.

Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 1.00 3.00 -2.40 percent [+]
GDP Annual Growth Rate 2.30 2.60 6.40 -6.20 percent [+]
GDP 351.30 329.87 353.36 6.25 USD Billion [+]
GDP Constant Prices 533107.00 524147.00 533107.00 325162.00 DKK Million [+]
Gross National Product 549020.00 539752.00 549020.00 299954.00 DKK Million [+]
Gross Fixed Capital Formation 108654.00 111778.00 125551.00 49914.00 DKK Million [+]
GDP per capita 62888.70 62356.80 62888.70 21075.60 USD [+]
GDP per capita PPP 47672.96 47269.69 47672.96 33785.65 USD [+]
GDP From Agriculture 5249.00 6153.00 7220.00 2959.00 DKK Million [+]
GDP From Construction 24778.00 26073.00 27254.00 13812.00 DKK Million [+]
GDP From Manufacturing 69530.00 70163.00 70163.00 38372.00 DKK Million [+]
GDP From Mining 5276.00 6191.00 19841.00 5276.00 DKK Million [+]
GDP From Public Administration 96546.00 99557.00 100778.00 71427.00 DKK Million [+]
GDP From Transport 94830.00 93556.00 94830.00 46527.00 DKK Million [+]