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.