The Gross Domestic Product (GDP) in Denmark expanded 6.20 percent in the first quarter of 2022 over the same quarter of the previous year. source: Statistics Denmark

GDP Annual Growth Rate in Denmark averaged 1.80 percent from 1992 until 2022, reaching an all time high of 8.70 percent in the second quarter of 2021 and a record low of -6.70 percent in the second quarter of 2020. This page provides - Denmark GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Denmark GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

GDP Annual Growth Rate in Denmark is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Denmark GDP Annual Growth Rate is projected to trend around 2.90 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Denmark GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-31 06:00 AM YoY Prel Q1 6.7% 6.8% 6%
2022-06-30 06:00 AM YoY Final Q1 6.2% 6.7% 6.7%
2022-08-31 06:00 AM YoY Prel Q2 6.2% 3.2%


Related Last Previous Unit Reference
GDP Growth Rate 0.70 -0.50 percent Jun 2022
GDP Annual Growth Rate 6.20 6.70 percent Mar 2022
GDP Constant Prices 565725.00 555074.00 DKK Million Mar 2022
Gross National Product 577737.00 584192.00 DKK Million Mar 2022
Gross Fixed Capital Formation 129784.00 121254.00 DKK Million Mar 2022
GDP From Transport 90649.00 99255.00 DKK Million Mar 2022
GDP From Public Administration 98995.00 100656.00 DKK Million Mar 2022
GDP From Mining 2751.00 2788.00 DKK Million Mar 2022
GDP From Manufacturing 82878.00 81983.00 DKK Million Mar 2022
GDP From Construction 25220.00 26833.00 DKK Million Mar 2022
GDP From Agriculture 5906.00 6129.00 DKK Million Mar 2022

Denmark GDP Annual 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
6.20 6.70 8.70 -6.70 1992 - 2022 percent Quarterly
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