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.