The Danish economy grew by 0.2 percent on quarter in the three months to June of 2018, following a 0.4 percent expansion in the previous period, in line with market expectations, and matching the preliminary estimates, final figure showed. Growth was mainly driven by household consumption (0.3 percent vs 1.1 percent in Q1) and fixed investment (8.6 percent vs 2.1 percent). Meantime, government spending stalled, the same as in the first quarter; and net external demand contributed negatively to GDP growth, as imports rose 1 percent (vs 1.8 percent in Q1) while exports fell 0.3 percent (vs -0.6 percent in Q1). Year-on-year, the economy advanced 0.6 percent, following a downwardly revised 0.7 percent contraction in the first quarter, and beating market expectations of 0.5 percent growth. GDP Growth Rate in Denmark averaged 0.40 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.

Denmark GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-29 06:00 AM GDP Growth Rate QoQ Final 0.4% 0.9% 0.4% 0.4%
2018-08-31 06:00 AM GDP Growth Rate QoQ Prel 0.2% 0.3% 0.3% 0.5%
2018-09-28 06:00 AM GDP Growth Rate QoQ Final 0.2% 0.4% 0.2% 0.2%
2018-11-30 07:00 AM GDP Growth Rate QoQ Prel 0.2% 0.5%
2018-12-21 07:00 AM GDP Growth Rate QoQ Final 0.2%


Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.40 3.00 -2.40 percent [+]
GDP Annual Growth Rate 0.60 -0.70 6.40 -6.20 percent [+]
GDP 324.87 306.90 353.36 6.25 USD Billion [+]
GDP Constant Prices 502126.00 501182.00 505056.00 325162.00 DKK Million [+]
Gross National Product 514051.00 514527.00 520795.00 299954.00 DKK Million [+]
Gross Fixed Capital Formation 116638.00 108081.00 116638.00 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 4864.00 4749.00 7220.00 2959.00 DKK Million [+]
GDP From Construction 23374.00 21416.00 23893.00 13812.00 DKK Million [+]
GDP From Manufacturing 66970.00 59706.00 66970.00 38372.00 DKK Million [+]
GDP From Mining 6277.00 5996.00 19841.00 5703.00 DKK Million [+]
GDP From Public Administration 98514.00 98318.00 98837.00 71427.00 DKK Million [+]
GDP From Transport 89895.00 80184.00 89895.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.40 3.00 -2.40 1991 - 2018 percent Quarterly
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Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Germany 0.50 Jun/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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