The Danish economy grew by 0.7 percent quarter-on-quarter in the three months to September of 2018, following a downwardly revised 0.1 percent expansion in the previous period, matching the preliminary estimates, final figure showed. Net external demand contributed positively to GDP, due to a rebound in exports (1.9 percent vs -0.1 percent in Q2) while imports declined (-4.5 percent vs 2.1 percent in Q2). Meantime, household consumption fell (-0.1 percent vs 0.6 percent in Q2): government spending went down by 0.6 percent after showing no growth in the prior quarter, and fixed investment shrank (-11.9 percent vs 7.7 percent). Year-on-year, the economy advanced 2.3 percent, following an upwardly revised 1.2 percent expansion in the second 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 0.60 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 0.50 percent in 2020, according to our econometric models.

Denmark GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-31 06:00 AM GDP Growth Rate QoQ Prel 0.2% 0.3% 0.3% 0.5%
2018-09-28 06:00 AM GDP Growth Rate QoQ Final 0.2% 0.4% 0.2% 0.2%
2018-11-30 07:00 AM GDP Growth Rate QoQ Prel 0.7% 0.2% 0.5%
2018-12-21 07:00 AM GDP Growth Rate QoQ Final 0.7% 0.1% 0.7%
2019-02-14 07:00 AM GDP Growth Rate QoQ Adv 0.7% 0.6%
2019-02-28 07:00 AM GDP Growth Rate QoQ Prel 0.6%
2019-03-29 07:00 AM GDP Growth Rate QoQ Final 0.6%


Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.10 3.00 -2.40 percent [+]
GDP Annual Growth Rate 2.30 1.20 6.40 -6.20 percent [+]
GDP 324.87 306.90 353.36 6.25 USD Billion [+]
GDP Constant Prices 510222.00 506810.00 511797.00 325162.00 DKK Million [+]
Gross National Product 524758.00 514051.00 524758.00 299954.00 DKK Million [+]
Gross Fixed Capital Formation 107026.00 121422.00 121422.00 49914.00 DKK Million [+]
GDP per capita 61582.17 60670.24 61582.17 21075.60 USD [+]
GDP per capita PPP 46682.51 45991.22 46682.51 33785.65 USD [+]
GDP From Agriculture 5341.00 5796.00 7220.00 2959.00 DKK Million [+]
GDP From Construction 25270.00 25033.00 25270.00 13812.00 DKK Million [+]
GDP From Manufacturing 61418.00 63517.00 64709.00 38372.00 DKK Million [+]
GDP From Mining 5884.00 6024.00 19841.00 5703.00 DKK Million [+]
GDP From Public Administration 97951.00 99616.00 99616.00 71427.00 DKK Million [+]
GDP From Transport 88603.00 89516.00 90152.00 46527.00 DKK Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.10 3.00 -2.40 1991 - 2018 percent Quarterly
SA




Country Last Previous
United States 3.40 Sep/18
Indonesia 3.09 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
Singapore 1.60 Dec/18
China 1.50 Dec/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
Australia 0.30 Sep/18
France 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Argentina -0.70 Sep/18
Turkey -1.10 Sep/18


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