The Danish economy grew by 0.8 percent on quarter in the three months to December of 2018, faster than a preliminary estimates of 0.7 percent growth, and accelerating from a 0.4 percent expansion in the previous period, the final figure showed. It was the strongest pace of expansion since the fourth quarter 2017. Net external demand contributed positively to GDP, due to an increase in exports (1.1 percent vs 1.3 percent in Q3) while imports fell (-0.8 percent vs -5.1 percent in Q3). Meantime, household consumption grew (0.4 percent after showing no growth in Q3): government spending went up by 0.7 percent after decreasing by 0.4 percent in the prior quarter, and fixed investment contracted less (-1.3 percent vs -12.6 percent). Year-on-year, the economy advanced 2.6 percent, unchanged from an upwardly revised figure in the third quarter. GDP Growth Rate in Denmark averaged 0.41 percent from 1991 until 2018, 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 0.40 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 0.40 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.