The Gross Domestic Product (GDP) in Denmark contracted 7.70 percent in the second quarter of 2020 over the same quarter of the previous year. source: Statistics Denmark

GDP Annual Growth Rate in Denmark averaged 1.63 percent from 1992 until 2020, reaching an all time high of 6.40 percent in the fourth quarter of 1994 and a record low of -7.70 percent in the second quarter of 2020. This page provides - Denmark GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Denmark GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

GDP Annual Growth Rate in Denmark is expected to be -5.50 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 12.80 in 12 months time. In the long-term, the Denmark GDP Annual Growth Rate is projected to trend around 2.90 percent in 2021 and 1.70 percent in 2022, according to our econometric models.

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Denmark GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-7.70 -0.10 6.40 -7.70 1992 - 2020 percent Quarterly
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Calendar GMT Actual Previous Consensus TEForecast
2020-05-29 06:00 AM YoY Prel Q1 -0.3% 2.2% -1.5%
2020-06-30 06:00 AM YoY Final Q1 -0.2% 2.1% -1.5%
2020-08-31 06:00 AM YoY Prel Q2 -8.2% -0.1% -12.8%
2020-09-30 06:00 AM YoY Final Q2 -7.7% -0.1% -8.2%
2020-11-30 07:00 AM YoY Prel Q3 -7.7% -5.5%
2020-12-23 07:00 AM YoY Final Q3 -5.5%
2021-03-01 07:00 AM YoY Prel Q4
2021-03-31 06:00 AM YoY Final Q4


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.