Denmark’s economy expanded 1.9% quarter-on-quarter in the first quarter of 2026 from a revised 0.5% in the previous period, according to preliminary estimates. The growth was driven by a strong improvement in the manufacturing sector, particularly supported by the pharmaceutical industry. Net external demand contributed positively as both exports (3.8% vs -0.3% in Q4) and imports (0.3% vs -0.7%) recovered. Private consumption also strengthened, with household spending rising (1.2% vs 0.7%) and total private consumption increasing (1.1% vs 0.7%). In contrast, government spending declined (-3.8% vs 5.1%), as well as for fixed investment (-3.5% vs 1.2%), weighed down by other building and construction (-6.4% vs 0.2%), and machinery (-3.6% vs 6.3%). On a yearly basis, GDP grew 5.9% in Q1 from 3.1% in the preceding period, marking the highest level since Q4 2021. source: Statistics Denmark

The Gross Domestic Product (GDP) in Denmark expanded 1.90 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Denmark averaged 0.46 percent from 1991 until 2026, reaching an all time high of 6.00 percent in the third quarter of 2020 and a record low of -5.90 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 June of 2026.

The Gross Domestic Product (GDP) in Denmark expanded 1.90 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in Denmark is expected to be 0.20 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 0.30 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-31 06:00 AM
QoQ Final
Q4 0.2% 2.3% 0.2% 0.2%
2026-05-20 06:00 AM
QoQ Prel
Q1 1.9% 0.5% 0.3%
2026-06-30 06:00 AM
QoQ Final
Q1 0.2% 0.3%


Related Last Previous Unit Reference
GDP Growth Rate YoY 5.90 3.10 percent Mar 2026
GDP Constant Prices 691531.00 678716.00 DKK Million Mar 2026
GDP from Agriculture 5569.00 5650.00 DKK Million Mar 2026
GDP from Construction 21523.00 22515.00 DKK Million Mar 2026
GDP from Manufacturing 157049.00 145853.00 DKK Million Mar 2026
GDP from Mining 1722.00 1762.00 DKK Million Mar 2026
GDP from Public Administration 109814.00 110661.00 DKK Million Mar 2026
GDP from Transport 120051.00 114248.00 DKK Million Mar 2026
GDP Growth Rate 1.90 0.50 percent Mar 2026
Gross Fixed Capital Formation 137.80 132.60 DKK Billion Mar 2026
Gross National Product 691531.00 678716.00 DKK Million Mar 2026


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
1.90 0.50 6.00 -5.90 1991 - 2026 percent Quarterly
SA

News Stream
Danish GDP Growth Accelerates in Q1
Denmark’s economy expanded 1.9% quarter-on-quarter in the first quarter of 2026 from a revised 0.5% in the previous period, according to preliminary estimates. The growth was driven by a strong improvement in the manufacturing sector, particularly supported by the pharmaceutical industry. Net external demand contributed positively as both exports (3.8% vs -0.3% in Q4) and imports (0.3% vs -0.7%) recovered. Private consumption also strengthened, with household spending rising (1.2% vs 0.7%) and total private consumption increasing (1.1% vs 0.7%). In contrast, government spending declined (-3.8% vs 5.1%), as well as for fixed investment (-3.5% vs 1.2%), weighed down by other building and construction (-6.4% vs 0.2%), and machinery (-3.6% vs 6.3%). On a yearly basis, GDP grew 5.9% in Q1 from 3.1% in the preceding period, marking the highest level since Q4 2021.
2026-05-20
Danish GDP Growth Eases in Q4
Denmark’s economy grew by 0.2% quarter-on-quarter in the fourth quarter of 2025, in line with preliminary estimates, but slowing from an upwardly revised 2.3% expansion in the previous quarter. Growth eased in household spending (0.5% vs 1.0% in Q3), while fixed investments contracted (-1.9% vs 1.6%), weighed down by declines in housing investments (-2.7% vs 2.3%) and intellectual property rights (-10.8% vs 3.8%), although investments in machinery, means of transport, etc. recovered (6.6% vs -2.9%). On the other hand, government spending increased (5.0% vs 1.4%). Net external demand also weighed on GDP, as exports dropped (-0.7% vs 3.7%) and imports contracted (-0.6% after stagnating in the previous quarter). On an annual basis, the economy expanded 3.1% in Q4, 0.1 percentage point higher than preliminary estimates, but slowing from a downwardly revised 3.9% growth in Q3.
2026-03-31
Danish Q4 GDP Growth Eases
Denmark’s economy grew 0.2% quarter-on-quarter in the fourth quarter of 2025, easing from an upwardly revised near four-year high of 2.3% in the previous period, according to preliminary estimates. Growth was pressured by a slowdown in the pharmaceutical industry, which contributed -1.1 percentage points to gross value added. Net external demand also contributed negatively, as exports fell faster (-0.5% vs 3.6% in Q3) than imports (-0.4% vs -0.1%). At the same time, fixed investment fell (-2.7% vs 1.2%), weighed down by sharp declines in investment in housing (-3.1% vs 2%) and intellectual rights (-11.4% vs 3.7%), while household consumption also slowed (0.2% vs 0.6%). Meanwhile, government spending rose significantly, by 5.6% compared with 1.2% in the previous period. On a yearly basis, GDP expanded 3.0%, following a downwardly revised 3.9% increase in the preceding period. For the full year of 2025, GDP rose 2.9%.
2026-02-20