The Danish economy advanced by 0.9 percent on quarter in the three months to December of 2022, after showing no growth in the previous period, a preliminary estimate showed. Fixed investment grew much faster (11.6% vs 1.6% in Q3), amid a softer fall in both government spending (-0.1% vs -1.8%) and household consumption (-0.5% vs -0.8%). Meanwhile, net external demand contributed negatively to the GDP, as exports fell 1.8 percent while imports rose 0.7%. Year-on-year, the economy expanded by 1.5 percent, following an upwardly revised 3.7 percent growth in the third quarter. Considering 2022 full year, the Danish economy grew 3.6 percent. source: Statistics Denmark

GDP Growth Rate in Denmark averaged 0.44 percent from 1991 until 2022, reaching an all time high of 5.90 percent in the third quarter of 2020 and a record low of -6.30 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 March of 2023.

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. In the long-term, the Denmark GDP Growth Rate is projected to trend around 0.30 percent in 2024 and 0.40 percent in 2025, according to our econometric models.

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Denmark GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-14 07:00 AM QoQ Adv Q4 1.1% 0.3% -0.7%
2023-02-28 07:00 AM QoQ Prel Q4 0.9% 0.0% 1.1%
2023-03-31 06:00 AM QoQ Final Q4 0.0% 0.9%


Related Last Previous Unit Reference
GDP Growth Rate 0.90 0.00 percent Dec 2022
GDP Annual Growth Rate 1.50 3.70 percent Dec 2022
GDP Constant Prices 570321.00 563987.00 DKK Million Dec 2022
Gross National Product 595902.00 598823.00 DKK Million Dec 2022
Gross Fixed Capital Formation 145700.00 129512.00 DKK Million Dec 2022
GDP from Transport 102333.00 100776.00 DKK Million Dec 2022
GDP from Public Administration 97204.00 97126.00 DKK Million Dec 2022
GDP from Mining 3709.00 3916.00 DKK Million Dec 2022
GDP from Manufacturing 95736.00 79464.00 DKK Million Dec 2022
GDP from Construction 28058.00 24408.00 DKK Million Dec 2022
GDP from Agriculture 3683.00 4559.00 DKK Million Dec 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
0.90 0.00 5.90 -6.30 1991 - 2022 percent Quarterly
SA

News Stream
Danish Economy Grows 0.9% QoQ in Q4
The Danish economy advanced by 0.9 percent on quarter in the three months to December of 2022, after showing no growth in the previous period, a preliminary estimate showed. Fixed investment grew much faster (11.6% vs 1.6% in Q3), amid a softer fall in both government spending (-0.1% vs -1.8%) and household consumption (-0.5% vs -0.8%). Meanwhile, net external demand contributed negatively to the GDP, as exports fell 1.8 percent while imports rose 0.7%. Year-on-year, the economy expanded by 1.5 percent, following an upwardly revised 3.7 percent growth in the third quarter. Considering 2022 full year, the Danish economy grew 3.6 percent.
2023-02-28
Danish Economic Growth Accelerates in Q4
Denmark's gross domestic product expanded 1.1 percent on quarter in the three months to December 2022, accelerating from a 0.3 percent growth in the previous period, an advance estimate showed. It was the fastest pace of expansion in a year, mainly boosted by the industry sector, more specifically the pharmaceutical industry. In addition, transport and culture & leisure have also contributed positively to the GDP growth, while trade contracted. Considering 2022 full year, the Danish economy expanded 3.4 percent.
2023-02-17
Danish Q3 GDP Growth Revised Lower
The Danish economy expanded by 0.3 percent on quarter in the three months to September of 2022, lower than a preliminary estimate of a 0.5% growth, and slowing from a 0.8% expansion in the previous period. Fixed investment increased faster (1.2% vs 0.1% in Q2) and net external demand contributed positively to the GDP, as exports grew 2.5 percent while imports fell 0.2%, amid a faster drop in both government spending (-1.2% vs -0.3%), and household consumption (-0.7% vs -0.4% in Q2). Year-on-year, the economy grew by 3.2 percent, lower than a preliminary reading of a 3.4 percent gain, following an upwardly revised 3.9 percent growth in the second quarter.
2022-12-23