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.