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. 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 December of 2021.
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.