The Danish economy expanded by 0.5 percent on quarter in the three months to September 2022, easing from a 0.9 percent advance in the previous period, a preliminary estimate showed. Still, this was the second straight quarter of growth, mainly driven by continued progress in industry and services aimed at households. Meanwhile, the rest of the economy showed a picture of stagnation, which helped dampen economic growth. source: Statistics Denmark

GDP Growth Rate in Denmark averaged 0.45 percent from 1991 until 2022, reaching an all time high of 6.10 percent in the third quarter of 2020 and a record low of -6.40 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

GDP Growth Rate in Denmark is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Denmark GDP Growth Rate is projected to trend around 0.30 percent in 2023 and 0.50 percent in 2024, according to our econometric models.

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Denmark GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-30 06:00 AM QoQ Final Q2 0.9% -0.5 0.9%
2022-11-15 07:00 AM QoQ Adv Q3 0.5% 0.9% -0.5%
2022-11-30 07:00 AM QoQ Prel Q3 0.9% 0.5%


Related Last Previous Unit Reference
GDP Growth Rate 0.50 0.90 percent Sep 2022
GDP Annual Growth Rate 3.90 4.90 percent Jun 2022
GDP Constant Prices 561082.00 565725.00 DKK Million Jun 2022
Gross National Product 593764.00 577737.00 DKK Million Jun 2022
Gross Fixed Capital Formation 126816.00 129784.00 DKK Million Jun 2022
GDP from Transport 100580.00 90649.00 DKK Million Jun 2022
GDP from Public Administration 100509.00 98995.00 DKK Million Jun 2022
GDP from Mining 3947.00 2751.00 DKK Million Jun 2022
GDP from Manufacturing 80657.00 82878.00 DKK Million Jun 2022
GDP from Construction 25690.00 25220.00 DKK Million Jun 2022
GDP from Agriculture 4977.00 5906.00 DKK Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.90 6.10 -6.40 1991 - 2022 percent Quarterly
SA

News Stream
Danish Q3 GDP Growth Rate Slows
The Danish economy expanded by 0.5 percent on quarter in the three months to September 2022, easing from a 0.9 percent advance in the previous period, a preliminary estimate showed. Still, this was the second straight quarter of growth, mainly driven by continued progress in industry and services aimed at households. Meanwhile, the rest of the economy showed a picture of stagnation, which helped dampen economic growth.
2022-11-15
Danish GDP Growth Rate Confirmed at 0.9% in Q2
The Danish quarterly economic growth was confirmed at 0.9 percent in the three months to June of 2022, recovering from a downwardly revised 0.5% contraction in the previous period, due to a rebound in government spending (0.4% vs -1.8%). Meanwhile, fixed investment expanded less (0.2% vs 3.0% in Q1). On the other hand, household consumption showed no growth (vs -3.3% in Q1) while net external demand contributed negatively to the GDP, as exports grew 2.4 percent (vs -0.1% in Q1) while imports rose at a faster 2.5% (vs -1.6% in Q1). Year-on-year, the economy advanced by 3.9 percent, faster than the second estimate of a 3.6 percent growth, following a downwardly revised 4.9 percent expansion in the first quarter.
2022-09-30
Danish GDP Growth Revised Higher in Q2
The Danish economy advanced by 0.9 percent on quarter in the three months to June of 2022, higher than the preliminary reading of a 0.7% growth, and recovering from an upwardly revised 1.1% contraction in the previous period, due to a rebound in government spending (0.5% vs -1.9%). Meanwhile, household consumption fell (-0.7% vs -2.6% in Q1) while net external demand contributed negatively to the GDP, as exports rose 0.7 percent (vs -1.1% in Q1) while imports grew at a faster 0.8% (vs -2.2% in Q1). In the meantime, fixed investment contracted (-1.2% vs 2.6% in Q1). Year-on-year, the economy grew by 3.6 percent, following a downwardly revised 5.2 percent expansion in the first quarter. .
2022-08-31