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.