The Danish economy expanded by 1.5% quarter-on-quarter in the first quarter of 2026, falling short of initial estimates for a 1.9% growth but accelerating from a 0.5% expansion in the previous period. Despite the revision, the growth remained broad-based, with sectors beyond pharmaceuticals, including trade and transportation, contributing to the economy. Key driver was also stronger net trade, as exports rose 1.9% (vs 0.1% in Q4), while imports fell 1.5% (vs 0.5%). Household spending matched the previous quarter at 0.6%, supported by higher vehicle purchases as well as increased spending on clothing, footwear, and transport services. Meanwhile, government spending contracted sharply by 4.3% (vs 5.0%), while fixed investment fell 3.8% (vs 1.6%), weighed down primarily by declines in construction and civil engineering. On an annual basis, the economy grew by 6.2%, marking the strongest since Q4 2021, higher than initial estimates of 5.9% and the upwardly revised 3.2% expansion in Q4. source: Statistics Denmark

The Gross Domestic Product (GDP) in Denmark expanded 1.50 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Denmark averaged 0.45 percent from 1991 until 2026, reaching an all time high of 6.00 percent in the third quarter of 2020 and a record low of -5.90 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 July of 2026.

The Gross Domestic Product (GDP) in Denmark expanded 1.50 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Denmark is expected to be 0.20 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 0.30 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-20 06:00 AM
QoQ Prel
Q1 1.9% 0.5% 0.3%
2026-06-30 06:00 AM
QoQ Final
Q1 1.5% 0.5% 1.9% 1.9%
2026-08-20 06:00 AM
QoQ Prel
Q2 1.5% 0.2%


Related Last Previous Unit Reference
GDP Growth Rate YoY 6.20 3.10 percent Mar 2026
GDP Constant Prices 699852.00 689457.00 DKK Million Mar 2026
GDP from Agriculture 6367.00 6579.00 DKK Million Mar 2026
GDP from Construction 24243.00 25703.00 DKK Million Mar 2026
GDP from Manufacturing 156090.00 142910.00 DKK Million Mar 2026
GDP from Mining 1723.00 1752.00 DKK Million Mar 2026
GDP from Public Administration 107671.00 113869.00 DKK Million Mar 2026
GDP from Transport 120907.00 115408.00 DKK Million Mar 2026
GDP Growth Rate 1.50 0.50 percent Mar 2026
Gross Fixed Capital Formation 150.80 156.70 DKK Billion Mar 2026
Gross National Product 691531.00 678716.00 DKK Million Mar 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
1.50 0.50 6.00 -5.90 1991 - 2026 percent Quarterly
SA

News Stream
Danish GDP Growth Revised Lower in Q1
The Danish economy expanded by 1.5% quarter-on-quarter in the first quarter of 2026, falling short of initial estimates for a 1.9% growth but accelerating from a 0.5% expansion in the previous period. Despite the revision, the growth remained broad-based, with sectors beyond pharmaceuticals, including trade and transportation, contributing to the economy. Key driver was also stronger net trade, as exports rose 1.9% (vs 0.1% in Q4), while imports fell 1.5% (vs 0.5%). Household spending matched the previous quarter at 0.6%, supported by higher vehicle purchases as well as increased spending on clothing, footwear, and transport services. Meanwhile, government spending contracted sharply by 4.3% (vs 5.0%), while fixed investment fell 3.8% (vs 1.6%), weighed down primarily by declines in construction and civil engineering. On an annual basis, the economy grew by 6.2%, marking the strongest since Q4 2021, higher than initial estimates of 5.9% and the upwardly revised 3.2% expansion in Q4.
2026-06-30
Danish GDP Growth Accelerates in Q1
Denmark’s economy expanded 1.9% quarter-on-quarter in the first quarter of 2026 from a revised 0.5% in the previous period, according to preliminary estimates. The growth was driven by a strong improvement in the manufacturing sector, particularly supported by the pharmaceutical industry. Net external demand contributed positively as both exports (3.8% vs -0.3% in Q4) and imports (0.3% vs -0.7%) recovered. Private consumption also strengthened, with household spending rising (1.2% vs 0.7%) and total private consumption increasing (1.1% vs 0.7%). In contrast, government spending declined (-3.8% vs 5.1%), as well as for fixed investment (-3.5% vs 1.2%), weighed down by other building and construction (-6.4% vs 0.2%), and machinery (-3.6% vs 6.3%). On a yearly basis, GDP grew 5.9% in Q1 from 3.1% in the preceding period, marking the highest level since Q4 2021.
2026-05-20
Danish GDP Growth Eases in Q4
Denmark’s economy grew by 0.2% quarter-on-quarter in the fourth quarter of 2025, in line with preliminary estimates, but slowing from an upwardly revised 2.3% expansion in the previous quarter. Growth eased in household spending (0.5% vs 1.0% in Q3), while fixed investments contracted (-1.9% vs 1.6%), weighed down by declines in housing investments (-2.7% vs 2.3%) and intellectual property rights (-10.8% vs 3.8%), although investments in machinery, means of transport, etc. recovered (6.6% vs -2.9%). On the other hand, government spending increased (5.0% vs 1.4%). Net external demand also weighed on GDP, as exports dropped (-0.7% vs 3.7%) and imports contracted (-0.6% after stagnating in the previous quarter). On an annual basis, the economy expanded 3.1% in Q4, 0.1 percentage point higher than preliminary estimates, but slowing from a downwardly revised 3.9% growth in Q3.
2026-03-31