The Danish economy grew by 0.7 percent quarter-on-quarter in the three months to September of 2018, following a downwardly revised 0.1 percent expansion in the previous period, matching the preliminary estimates, final figure showed. Net external demand contributed positively to GDP, due to a rebound in exports (1.9 percent vs -0.1 percent in Q2) while imports declined (-4.5 percent vs 2.1 percent in Q2). Meantime, household consumption fell (-0.1 percent vs 0.6 percent in Q2): government spending went down by 0.6 percent after showing no growth in the prior quarter, and fixed investment shrank (-11.9 percent vs 7.7 percent). Year-on-year, the economy advanced 2.3 percent, following an upwardly revised 1.2 percent expansion in the second 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 0.60 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 0.50 percent in 2020, according to our econometric models.