Denmark GDP Growth Rate  1991-2017 | Data | Chart | Calendar | Forecast

The Danish economy grew 0.5 percent on quarter in the three months to June of 2017, easing slightly from a 0.6 percent expansion in the previous period, an advance estimate showed. Growth was driven by the service sector, mainly due to advances in trade, information and communications as well as business services. In the first half of 2017, the economy grew 2.6 percent compared with the same period of 2016. GDP Growth Rate in Denmark averaged 0.40 percent from 1991 until 2017, reaching an all time high of 3 percent in the second quarter of 2006 and a record low of -2.40 percent in the fourth quarter of 2008.

Denmark GDP Growth Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-31 07:00 AM Q1 0.6% 0.5% 0.3% 0.3%
2017-06-30 07:00 AM Q1 0.6% 0.6% 0.6% 0.6%
2017-08-15 07:00 AM Q2 0.5% 0.6% 0.5%
2017-08-31 07:00 AM Q2 0.6% 0.5% 0.5%
2017-09-29 07:00 AM Q2 0.6% 0.4%
2017-11-15 08:00 AM Q3 0.4%


Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.60 3.00 -2.40 percent [+]
GDP Annual Growth Rate 2.60 2.90 6.50 -6.20 percent [+]
GDP 306.14 301.31 353.36 6.25 USD Billion [+]
GDP Constant Prices 495439.00 492398.00 495439.00 325162.00 DKK Million [+]
Gross National Product 508920.00 506985.00 508920.00 301826.00 DKK Million [+]
Gross Fixed Capital Formation 97945.00 99933.00 106156.00 49914.00 DKK Million [+]
GDP per capita 60268.23 60000.81 61174.55 21075.60 USD [+]
GDP per capita PPP 45686.48 45483.76 46373.52 33785.65 USD [+]
GDP From Agriculture 5739.00 6231.00 7164.00 2959.00 DKK Million [+]
GDP From Construction 20389.00 22216.00 23893.00 13812.00 DKK Million [+]
GDP From Manufacturing 62045.00 63424.00 63424.00 38372.00 DKK Million [+]
GDP From Mining 6052.00 6522.00 19841.00 5703.00 DKK Million [+]
GDP From Public Administration 95748.00 94675.00 97459.00 71427.00 DKK Million [+]
GDP From Transport 79496.00 85617.00 86172.00 46527.00 DKK Million [+]


Denmark GDP Growth Rate Notes

With very few natural resources, Denmark industrialized market economy depends on imported raw materials and foreign trade. On the expenditure side, 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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.60 3.00 -2.40 1991 - 2017 percent Quarterly
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gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 2.60 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Turkey 1.40 Mar/17
Brazil 1.00 Mar/17
Japan 1.00 Jun/17
Canada 0.90 Mar/17
Spain 0.90 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Australia 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.30 Jun/17
Russia -0.57 Sep/15