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

The Danish economy grew by 0.9 percent on quarter in the three months to December of 2017, slightly below the second estimate of 1 percent and following an upwardly revised 0.9 percent contraction in the previous period. Growth was mainly driven by household consumption (1.2 percent vs -1.2 percent in Q3), fixed investment (0.8 percent vs 1.8 percent) and government spending (1 percent vs 0.1 percent. On the other hand, net external demand contributed negatively to GDP growth, as imports jumped 2.2 percent (vs no growth in Q3) and exports rose at softer 1.2 percent (vs -0.5 percent in Q3). Year-on-year, the economy expanded 1.3 percent, following a 1 percent growth in the third quarter. 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
2018-02-14 07:00 AM GDP Growth Rate QoQ Prel 0.9% -0.5%
2018-02-28 07:00 AM GDP Growth Rate QoQ 2nd Est 1% -0.8% 0.9% 0.9%
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 0.9% 0.3%
2018-06-29 06:00 AM GDP Growth Rate QoQ Final 0.9%
2018-08-31 06:00 AM GDP Growth Rate QoQ Prel 0.5%


Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 -0.90 3.00 -2.40 percent [+]
GDP Annual Growth Rate 1.30 1.10 6.50 -6.20 percent [+]
GDP 306.90 301.30 353.36 6.25 USD Billion [+]
GDP Constant Prices 499420.00 494864.00 504871.00 325162.00 DKK Million [+]
Gross National Product 513133.00 508340.00 520689.00 299954.00 DKK Million [+]
Gross Fixed Capital Formation 104574.00 103700.00 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 6420.00 6708.00 7220.00 2959.00 DKK Million [+]
GDP From Construction 22126.00 21670.00 23893.00 13812.00 DKK Million [+]
GDP From Manufacturing 61225.00 60289.00 64706.00 38372.00 DKK Million [+]
GDP From Mining 6575.00 7461.00 19841.00 5703.00 DKK Million [+]
GDP From Public Administration 100089.00 98123.00 100089.00 71427.00 DKK Million [+]
GDP From Transport 87994.00 86188.00 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 -0.90 3.00 -2.40 1991 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 2.30 Mar/18
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 1.10 Mar/18
South Korea 1.10 Mar/18
Netherlands 0.80 Dec/17
Spain 0.70 Mar/18
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Euro Area 0.40 Mar/18
Japan 0.40 Dec/17
France 0.30 Mar/18
Italy 0.30 Mar/18
Brazil 0.10 Dec/17
United Kingdom 0.10 Mar/18
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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