The Danish economy shrank by 0.1 percent on quarter in the three months to March of 2022, after a 3.0% growth in the previous period, a flash estimate showed. It was the first contraction in the GDP since the first quarter of 2021, due to imposing COVID-19 restrictions. Negative contributions to the GDP came from the public service industries. The growth in industries such as industry, construction and business services, was not enough to offset the decline in the public and service industries. source: Statistics Denmark
GDP Growth Rate in Denmark averaged 0.45 percent from 1991 until 2022, 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 May of 2022.
GDP Growth Rate in Denmark is expected to be -0.50 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 2023 and 0.50 percent in 2024, according to our econometric models.