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. 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.