The Danish economy expanded by 2.3 percent on quarter in the three months to June of 2021, recovering from a downwardly revised 0.9 percent contraction in the previous period, due to a gradual reopening of the economic activities, a preliminary estimate showed. Both household consumption (4.4% vs -5.2% in Q1) and government spending (2.5% vs -1.8%) rebounded sharply. Also, fixed investment grew by 3.7 percent, rebounding from a 3.8 percent fall in Q1. Meanwhile, net external demand contributed negatively to the GDP growth, as exports shrank by 2.5 percent (vs 3.8% in Q1) while imports increased 0.2 percent (vs -4.0% in Q1). Year-on-year, the economy advanced by 8.5 percent, recovering sharply from a downwardly revised 0.7 percent contraction in the first quarter. source: Statistics Denmark
GDP Growth Rate in Denmark averaged 0.42 percent from 1991 until 2021, 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 September of 2021.
GDP Growth Rate in Denmark is expected to be 1.50 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 0.70 percent in 2022 and 0.50 percent in 2023, according to our econometric models.