The Gross Domestic Product (GDP) in Denmark expanded 9.80 percent in the second quarter of 2021 over the same quarter of the previous year. source: Statistics Denmark

GDP Annual Growth Rate in Denmark averaged 1.71 percent from 1992 until 2021, reaching an all time high of 9.80 percent in the second quarter of 2021 and a record low of -6.70 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 2021.

GDP Annual Growth Rate in Denmark is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Denmark GDP Annual Growth Rate is projected to trend around 3.20 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Denmark GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-31 06:00 AM YoY Prel Q2 8.5% -0.7% 7.2%
2021-09-30 06:00 AM YoY Final Q2 9.8% -0.1% 8.5%
2021-11-30 07:00 AM YoY Prel Q3 9.8% 3.5%


Related Last Previous Unit Reference
GDP Growth Rate 2.00 2.80 percent Sep/21
GDP Annual Growth Rate 9.80 -0.10 percent Jun/21
GDP Constant Prices 540134.00 528241.00 DKK Million Jun/21
Gross National Product 558334.00 545486.00 DKK Million Jun/21
Gross Fixed Capital Formation 126713.00 122208.00 DKK Million Jun/21
GDP From Transport 91061.00 81024.00 DKK Million Jun/21
GDP From Public Administration 99884.00 96425.00 DKK Million Jun/21
GDP From Mining 3351.00 2512.00 DKK Million Jun/21
GDP From Manufacturing 78599.00 75485.00 DKK Million Jun/21
GDP From Construction 26463.00 23313.00 DKK Million Jun/21
GDP From Agriculture 6823.00 6114.00 DKK Million Jun/21
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.