Denmark’s gross domestic product grew 0.3 percent on quarter in the three months to December 2019, following a 0.4 percent advance in the previous period, an advance estimate showed. Positive contributions to growth came from market services, in particular hotels and restaurants, trade and business services, while the goods-produced industries output and goods exports fell. Considering 2019 full year, the economy grew 2.1 percent. Denmark GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

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. 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. source: Statistics Denmark

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 2021, according to our econometric models.


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Denmark GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 3.00 -2.40 1991 - 2019 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-14 07:00 AM QoQ Adv Q3 0.3% 0.9% 0.3%
2019-11-29 07:00 AM QoQ Prel Q3 0.3% 1.1% 0.3% 0.3%
2019-12-20 07:00 AM QoQ Final Q3 0.4% 1.0% 0.3%
2020-02-14 07:00 AM QoQ Adv Q4 0.3% 0.4% 0.4%
2020-02-28 07:00 AM QoQ Prel Q4 0.4% 0.3% 0.3%
2020-03-31 06:00 AM QoQ Final Q4 0.4% 0.4%
2020-05-15 06:00 AM QoQ Adv Q1 0.4%
2020-05-29 06:00 AM QoQ Prel Q1 0.4%


News Stream
Danish GDP Growth Slows to 0.3% in Q4
Denmark’s gross domestic product grew 0.3 percent on quarter in the three months to December 2019, following a 0.4 percent advance in the previous period, an advance estimate showed. Positive contributions to growth came from market services, in particular hotels and restaurants, trade and business services, while the goods-produced industries output and goods exports fell. Considering 2019 full year, the economy grew 2.1 percent.
2020-02-14
Danish GDP Growth Revised Higher to 0.4% in Q3
The Danish economy expanded by 0.4 percent on quarter in the three months to September of 2019, more than an earlier estimate of a 0.3 percent growth, and compared to a downwardly revised 1.0 percent rise in the previous period. Household consumption increased 0.4 percent (0.3 percent in Q2) and net external demand contributed positively to GDP growth, as exports went up 1.3 percent (vs 4.8 percent in Q2) while imports rose at a softer 1.0 percent (vs 1.6 percent in Q2). Meanwhile, government spending showed no growth (the same as in Q2). By contrast, fixed investment continued to shrink (-2.2 percent vs -0.6 percent). Year-on-year, the economy advanced 2.3 percent, after an upwardly revised 2.6 percent expansion in the second quarter.
2019-12-20
Danish GDP Growth Slows to 0.3% in Q3
The Danish economy expanded by 0.3 percent on quarter in the three months to September of 2019, easing from an upwardly revised 1.1 percent growth in the previous period, a preliminary estimate showed. Household consumption increased 0.3 percent (the same pace as in Q2) and net external demand contributed positively to GDP growth, as exports went up 1.2 percent (vs 4.8 percent in Q2) while imports rose at a softer 0.4 percent (vs 1.3 percent in Q2). Meanwhile, government spending showed no growth ( vs -0.1 percent in Q2). By contrast, fixed investment continued to shrink (-2.8 percent vs -0.9 percent). Year-on-year, the economy advanced 2.2 percent, after a downwardly revised 2.5 percent expansion in the second quarter.
2019-11-29
Danish GDP Growth Rate Eases to 0.3% in Q3
Denmark’s gross domestic product grew 0.3 percent on quarter in the three months to September of 2019, following a 0.9 percent advance in the previous period, a flash estimate showed.
2019-11-14

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.