Denmark GDP Growth Rate  1991-2017 | Data | Chart | Calendar | Forecast

The Danish economy contracted 0.6 percent on quarter in the three months to September of 2017, following a downwardly revised 0.6 percent expansion in the previous period, preliminary figure showed. It was the first contract in economy since the fourth quarter 2015, as government spending contracted (-0.1 percent from 0.4 percent in Q2) while household consumption decreased 0.6 percent (from -0.4 percent in Q2) and net external demand contributed negatively. Exports dropped 1 percent (-0.2 percent in Q2) and imports fell 0.9 percent (-0.1 percent in Q2). In contrast, fixed investment grew (1.6 percent from 2.7 percent in Q2). Year-on-year, the economy expanded 1.3 percent, below a downwardly revised 2.5 percent expansion in the prior quarter. GDP Growth Rate in Denmark averaged 0.40 percent from 1991 until 2017, 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.

Denmark GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-08-31 07:00 AM GDP Growth Rate QoQ Prel 0.6% 0.6% 0.5% 0.5%
2017-09-29 07:00 AM GDP Growth Rate QoQ Final 0.7% 0.5% 0.6% 0.6%
2017-11-30 07:00 AM GDP Growth Rate QoQ Prel -0.6% 0.6% 0.6%
2017-12-22 07:00 AM GDP Growth Rate QoQ Final 0.6% -0.6% -0.6%
2018-02-28 07:00 AM GDP Growth Rate QoQ Prel
2018-03-28 06:00 AM GDP Growth Rate QoQ Final


Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.60 0.60 3.00 -2.40 percent [+]
GDP Annual Growth Rate 1.30 2.50 6.50 -6.20 percent [+]
GDP 306.14 301.31 353.36 6.25 USD Billion [+]
GDP Constant Prices 496083.00 499303.00 499303.00 325162.00 DKK Million [+]
Gross National Product 644447.00 650167.00 650167.00 282668.00 DKK Million [+]
Gross Fixed Capital Formation 101690.00 100126.00 106156.00 49914.00 DKK Million [+]
GDP per capita 60268.23 60000.81 61174.55 21075.60 USD [+]
GDP per capita PPP 45686.48 45483.76 46373.52 33785.65 USD [+]
GDP From Agriculture 6820.00 5971.00 7220.00 2959.00 DKK Million [+]
GDP From Construction 21252.00 20834.00 23893.00 13812.00 DKK Million [+]
GDP From Manufacturing 60075.00 65244.00 65244.00 38372.00 DKK Million [+]
GDP From Mining 7475.00 7456.00 19841.00 5703.00 DKK Million [+]
GDP From Public Administration 98516.00 99103.00 99103.00 71427.00 DKK Million [+]
GDP From Transport 87357.00 87634.00 87832.00 46527.00 DKK Million [+]


Denmark GDP Growth Rate

With very few natural resources, Denmark industrialized market economy depends on imported raw materials and foreign trade. On the expenditure side, 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.60 0.60 3.00 -2.40 1991 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17