The Danish economy grew by 0.2 percent on quarter in the three months to June of 2018, following a 0.4 percent expansion in the previous period, in line with market expectations, and matching the preliminary estimates, final figure showed. Growth was mainly driven by household consumption (0.3 percent vs 1.1 percent in Q1) and fixed investment (8.6 percent vs 2.1 percent). Meantime, government spending stalled, the same as in the first quarter; and net external demand contributed negatively to GDP growth, as imports rose 1 percent (vs 1.8 percent in Q1) while exports fell 0.3 percent (vs -0.6 percent in Q1). Year-on-year, the economy advanced 0.6 percent, following a downwardly revised 0.7 percent contraction in the first quarter, and beating market expectations of 0.5 percent growth. GDP Growth Rate in Denmark averaged 0.40 percent from 1991 until 2018, 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.
GDP Growth Rate in Denmark is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Denmark to stand at 0.40 in 12 months time. In the long-term, the Denmark GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.