The Danish economy expanded by 0.8 percent on quarter in the three months to June of 2019, accelerating from an upwardly revised 0.2 percent growth in the previous period, a preliminary estimate showed. Both household consumption (0.4 percent vs 0.3 percent in Q1) and government spending (0.3 percent, after a flat reading in Q1) rose, while net external demand contributed positively to GDP growth, as exports went up 3.3 percent (vs 0.1 percent in Q1) while imports declined 0.2 percent (vs 0.9 percent in Q1). By contrast, fixed investment fell (-0.9 percent vs 1.8 percent). Year-on-year, the economy advanced 2.3 percent, after a 1.9 percent expansion in the first quarter. GDP Growth Rate in Denmark averaged 0.42 percent from 1991 until 2019, 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.

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. Looking forward, we estimate GDP Growth Rate in Denmark to stand at 0.50 in 12 months time. In the long-term, the Denmark GDP Growth Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.

Denmark GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-29 06:00 AM GDP Growth Rate QoQ Prel Q1 0.2% 0.9% 0.3% 0.3%
2019-06-28 06:00 AM GDP Growth Rate QoQ Final Q1 0.1% 0.8% 0.2%
2019-08-14 06:00 AM GDP Growth Rate QoQ Adv Q2 0.8% 0.1% 0.4%
2019-08-30 06:00 AM GDP Growth Rate QoQ Prel Q2 0.8% 0.2% 0.8%
2019-09-30 06:00 AM GDP Growth Rate QoQ Final Q2 0.2% 0.8%
2019-11-14 07:00 AM GDP Growth Rate QoQ Adv Q3 0.3%
2019-11-29 07:00 AM GDP Growth Rate QoQ Prel Q3 0.3%


Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.20 3.00 -2.40 percent [+]
GDP Annual Growth Rate 2.30 1.90 6.40 -6.20 percent [+]
GDP 351.30 329.87 353.36 6.25 USD Billion [+]
GDP Constant Prices 523035.00 518952.00 523035.00 325162.00 DKK Million [+]
Gross National Product 539668.00 533282.00 539668.00 299954.00 DKK Million [+]
Gross Fixed Capital Formation 110797.00 111832.00 125706.00 49914.00 DKK Million [+]
GDP per capita 62888.70 62356.80 62888.70 21075.60 USD [+]
GDP per capita PPP 47672.96 47269.69 47672.96 33785.65 USD [+]
GDP From Agriculture 6006.00 5101.00 7220.00 2959.00 DKK Million [+]
GDP From Construction 26150.00 23925.00 27254.00 13812.00 DKK Million [+]
GDP From Manufacturing 69780.00 64047.00 69780.00 38372.00 DKK Million [+]
GDP From Mining 6120.00 5632.00 19841.00 5632.00 DKK Million [+]
GDP From Public Administration 99947.00 99501.00 100778.00 71427.00 DKK Million [+]
GDP From Transport 92144.00 84563.00 92144.00 46527.00 DKK Million [+]


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. 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.20 3.00 -2.40 1991 - 2019 percent Quarterly
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Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Australia 0.50 Jun/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Brazil 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Saudi Arabia 0.00 Mar/19
Germany -0.10 Jun/19
Argentina -0.20 Mar/19
United Kingdom -0.20 Jun/19
Russia -0.40 Mar/19
Singapore -3.30 Jun/19


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