The Gross Domestic Product (GDP) in Denmark expanded 2.30 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Denmark averaged 1.72 percent from 1992 until 2019, reaching an all time high of 6.40 percent in the fourth quarter of 1994 and a record low of -6.20 percent in the second quarter of 2009. source: Statistics Denmark

GDP Annual Growth Rate in Denmark is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Denmark to stand at 1.40 in 12 months time. In the long-term, the Denmark GDP Annual Growth Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.

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Denmark GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.60 6.40 -6.20 1992 - 2019 percent Quarterly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-08-30 06:00 AM GDP Growth Rate YoY Prel Q2 2.3% 1.9% 1.7%
2019-09-30 06:00 AM GDP Growth Rate YoY Final Q2 2.6% 2.0% 2.3%
2019-11-29 07:00 AM GDP Growth Rate YoY Prel Q3 2.2% 2.5% 2%
2019-12-20 07:00 AM GDP Growth Rate YoY Final Q3 2.3% 2.6% 2.2%
2020-02-28 07:00 AM GDP Growth Rate YoY Prel Q4 2.3% 1%


Denmark GDP Annual 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.

Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 1.00 3.00 -2.40 percent [+]
GDP Annual Growth Rate 2.30 2.60 6.40 -6.20 percent [+]
GDP 351.30 329.87 353.36 6.25 USD Billion [+]
GDP Constant Prices 533107.00 524147.00 533107.00 325162.00 DKK Million [+]
Gross National Product 549020.00 539752.00 549020.00 299954.00 DKK Million [+]
Gross Fixed Capital Formation 108654.00 111778.00 125551.00 49914.00 DKK Million [+]
GDP per capita 62888.70 62356.80 62888.70 21075.60 USD [+]
GDP per capita PPP 47672.96 47269.69 47672.96 33785.65 USD [+]
GDP From Agriculture 5249.00 6153.00 7220.00 2959.00 DKK Million [+]
GDP From Construction 24778.00 26073.00 27254.00 13812.00 DKK Million [+]
GDP From Manufacturing 69530.00 70163.00 70163.00 38372.00 DKK Million [+]
GDP From Mining 5276.00 6191.00 19841.00 5276.00 DKK Million [+]
GDP From Public Administration 96546.00 99557.00 100778.00 71427.00 DKK Million [+]
GDP From Transport 94830.00 93556.00 94830.00 46527.00 DKK Million [+]