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

The Danish economy advanced 0.7 percent on quarter in the three months to June of 2017, above the preliminary estimate of 0.6 percent and following a downwardly revised 0.5 percent expansion in the previous period. Growth was mainly driven by fixed investment (2.9 percent from -2.1 percent in Q1) and government spending (0.4 percent from 0.8 percent in Q1) while household consumption stalled (from 0.7 percent in Q1) and net external demand contributed negatively. Exports rose 0.8 percent (-0.9 percent in Q1) and imports grew at a faster 2.1 percent (-1.2 percent in Q1). Year-on-year, the economy expanded 2.7 percent, slightly above 2.6 percent in the first three months of the year. 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
2017-08-15 07:00 AM GDP Growth Rate QoQ Adv 0.5% 0.6% 0.5%
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 0.7% 0.6%
2017-12-22 07:00 AM GDP Growth Rate QoQ Final 0.7% 0.6%


Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.50 3.00 -2.40 percent [+]
GDP Annual Growth Rate 2.70 2.60 6.50 -6.20 percent [+]
GDP 306.14 301.31 353.36 6.25 USD Billion [+]
GDP Constant Prices 498454.00 495020.00 498454.00 325162.00 DKK Million [+]
Gross National Product 518906.00 511400.00 518906.00 301403.00 DKK Million [+]
Gross Fixed Capital Formation 100982.00 98124.00 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 6326.00 5699.00 7164.00 2959.00 DKK Million [+]
GDP From Construction 22174.00 20472.00 23893.00 13812.00 DKK Million [+]
GDP From Manufacturing 64337.00 61398.00 64337.00 38372.00 DKK Million [+]
GDP From Mining 6786.00 6049.00 19841.00 5703.00 DKK Million [+]
GDP From Public Administration 97596.00 97032.00 97596.00 71427.00 DKK Million [+]
GDP From Transport 87053.00 79788.00 87053.00 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.50 3.00 -2.40 1991 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
Indonesia 3.18 Sep/17
United States 3.00 Sep/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
India 1.40 Jun/17
South Korea 1.40 Sep/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Australia 0.80 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Euro Area 0.60 Sep/17
France 0.50 Sep/17
Italy 0.50 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Japan 0.30 Sep/17
Switzerland 0.30 Jun/17
Brazil 0.20 Jun/17
Mexico -0.20 Sep/17