Denmark GDP Growth Rate  1991-2018 | Data | Chart | Calendar | Forecast

The Danish economy grew by 0.4 percent on quarter in the three months to March of 2018, following a 0.9 percent expansion in the previous period, in line with market expectations, and matching the preliminary estimates. Growth was mainly driven by household consumption (0.9 percent vs 1.6 percent in Q4) and government spending (0.1 percent vs 0.7 percent. Meantime, fixed investment rose faster (2.2 percent vs 1.6 percent). In addition, net external demand contributed negatively to GDP growth, as imports rose 0.9 percent (vs 2.5 percent in Q4) while exports fell 0.8 percent (vs 1.5 percent in Q4). Year-on-year, the economy contracted 0.6 percent, following a 1.3 percent growth in the fourth quarter, and matching market consensus. GDP Growth Rate in Denmark averaged 0.40 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.

Denmark GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-05 06:00 AM GDP Growth Rate QoQ Final 0.9% -0.9% 1% 1%
2018-05-31 06:00 AM GDP Growth Rate QoQ Prel 0.4% 0.9% 0.3% 0.6%
2018-06-29 06:00 AM GDP Growth Rate QoQ Final 0.4% 0.9% 0.4% 0.4%
2018-08-31 06:00 AM GDP Growth Rate QoQ Prel 0.5%
2018-09-28 06:00 AM GDP Growth Rate QoQ Final
2018-11-30 07:00 AM GDP Growth Rate QoQ Prel 0.5%


Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.90 3.00 -2.40 percent [+]
GDP Annual Growth Rate -0.60 1.30 6.50 -6.20 percent [+]
GDP 324.87 306.90 353.36 6.25 USD Billion [+]
GDP Constant Prices 501747.00 499638.00 504496.00 325162.00 DKK Million [+]
Gross National Product 514527.00 513098.00 520795.00 299954.00 DKK Million [+]
Gross Fixed Capital Formation 104296.00 104443.00 106156.00 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 5397.00 6420.00 7220.00 2959.00 DKK Million [+]
GDP From Construction 20383.00 22126.00 23893.00 13812.00 DKK Million [+]
GDP From Manufacturing 58839.00 61225.00 64706.00 38372.00 DKK Million [+]
GDP From Mining 5987.00 6575.00 19841.00 5703.00 DKK Million [+]
GDP From Public Administration 99856.00 100089.00 100089.00 71427.00 DKK Million [+]
GDP From Transport 80178.00 87994.00 88251.00 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.90 3.00 -2.40 1991 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
Turkey 2.00 Mar/18
United States 2.00 Mar/18
India 1.90 Mar/18
China 1.80 Jun/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Russia 0.85 Mar/18
Spain 0.70 Mar/18
Netherlands 0.60 Mar/18
Switzerland 0.60 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.20 Mar/18
Japan -0.20 Mar/18
Indonesia -0.42 Mar/18


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