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.