The Danish economy expanded by 1.1 percent on quarter in the three months to September of 2021, higher than a preliminary reading of a 0.9 percent expansion, but easing from a downwardly revised 2.1 percent growth in the previous period. It was the second straight quarter of expansion in the GDP, due to easing COVID-19 restrictions. Household consumption grew softer (2.4% vs 7.2% in Q2), while net external demand contributed positively to the GDP growth, as exports rose by 1.1 percent (vs -0.7% in Q2) and imports also increased 1.1%, slowing from a 3.4% rise in Q2. Meanwhile, both fixed investment (-0.6% vs 2.6% in Q2) and government spending (-4.5% vs 4.5% in Q2) contracted. Year-on-year, the economy advanced by 3.6 percent, slowing sharply from a downwardly revised 8.7 percent growth in the second quarter. source: Statistics Denmark

GDP Growth Rate in Denmark averaged 0.43 percent from 1991 until 2021, reaching an all time high of 6.10 percent in the third quarter of 2020 and a record low of -6.40 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 January of 2022.

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. In the long-term, the Denmark GDP Growth Rate is projected to trend around 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.

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Denmark GDP Growth Rate


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
1.10 2.10 6.10 -6.40 1991 - 2021 percent Quarterly
SA

Calendar GMT Actual Previous Consensus TEForecast
2021-11-30 07:00 AM QoQ Prel Q3 0.9% 2.2% 2.0%
2021-12-23 07:00 AM QoQ Final Q3 1.1% 2.1% 0.9%
2022-02-15 07:00 AM QoQ Prel Q4 1.1%


Related Last Previous Unit Reference
GDP Growth Rate 1.10 2.10 percent Sep/21
GDP Annual Growth Rate 3.60 8.70 percent Sep/21
GDP Constant Prices 546905.00 540134.00 DKK Million Sep/21
Gross National Product 572246.00 558334.00 DKK Million Sep/21
Gross Fixed Capital Formation 125429.00 126713.00 DKK Million Sep/21
GDP From Transport 91101.00 91061.00 DKK Million Sep/21
GDP From Public Administration 96938.00 99884.00 DKK Million Sep/21
GDP From Mining 3301.00 3351.00 DKK Million Sep/21
GDP From Manufacturing 77488.00 78599.00 DKK Million Sep/21
GDP From Construction 25242.00 26463.00 DKK Million Sep/21
GDP From Agriculture 6502.00 6823.00 DKK Million Sep/21


News Stream
Danish Q3 GDP Growth Revised Up to 1.1%
The Danish economy expanded by 1.1 percent on quarter in the three months to September of 2021, higher than a preliminary reading of a 0.9 percent expansion, but easing from a downwardly revised 2.1 percent growth in the previous period. It was the second straight quarter of expansion in the GDP, due to easing COVID-19 restrictions. Household consumption grew softer (2.4% vs 7.2% in Q2), while net external demand contributed positively to the GDP growth, as exports rose by 1.1 percent (vs -0.7% in Q2) and imports also increased 1.1%, slowing from a 3.4% rise in Q2. Meanwhile, both fixed investment (-0.6% vs 2.6% in Q2) and government spending (-4.5% vs 4.5% in Q2) contracted. Year-on-year, the economy advanced by 3.6 percent, slowing sharply from a downwardly revised 8.7 percent growth in the second quarter.
2021-12-23
Danish GDP Growth Rate Slows to 0.9% in Q3
The Danish economy expanded by 0.9 percent on quarter in the three months to September of 2021, easing sharply from a downwardly revised 2.2 percent growth in the previous period, a preliminary reading showed. It was the second straight quarter of expansion in the GDP, due to easing COVID-19 restrictions. Both household consumption (2.1% vs 7.0% in Q2) and fixed investment (0.2% vs 3.0% in Q2) grew softer. Meantime, government spending shrank by 2.5%, reversing from a 1.2% rise in the second quarter. On the other hand, net external demand contributed negatively to the GDP growth, as exports shrank by 0.5 percent (vs -1.4% in Q2) while imports dropped 0.7 percent (vs 2.7% in Q2). Year-on-year, the economy advanced by 3.6 percent, easing sharply from a downwardly revised 8.9 percent expansion in the second quarter.
2021-11-30
Danish GDP Growth Rate Eases in Q3
The Danish economy advanced by 2.0 percent on quarter in the three months to September of 2021, slowing from a 2.8 percent expansion in the previous period. It was the second straight quarter of expansion in the GDP, due to easing lockdown measures to contain the spread of the coronavirus, a flash estimate showed. Positive contributions to GDP came from hotels and restaurants as well as travel agencies.
2021-11-15