The Danish economy expanded by 1.1 percent on quarter in the three months to September of 2021, higher than a preliminary reading of a 0.9 percent expansion, but easing from a downwardly revised 2.1 percent growth in the previous period. It was the second straight quarter of expansion in the GDP, due to easing COVID-19 restrictions. Household consumption grew softer (2.4% vs 7.2% in Q2), while net external demand contributed positively to the GDP growth, as exports rose by 1.1 percent (vs -0.7% in Q2) and imports also increased 1.1%, slowing from a 3.4% rise in Q2. Meanwhile, both fixed investment (-0.6% vs 2.6% in Q2) and government spending (-4.5% vs 4.5% in Q2) contracted. Year-on-year, the economy advanced by 3.6 percent, slowing sharply from a downwardly revised 8.7 percent growth in the second quarter. source: Statistics Denmark
GDP Growth Rate in Denmark averaged 0.43 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 January of 2022.
GDP Growth Rate in Denmark is expected to be 0.30 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 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.