The Danish quarterly economic growth was confirmed at 0.9 percent in the three months to June of 2022, recovering from a downwardly revised 0.5% contraction in the previous period, due to a rebound in government spending (0.4% vs -1.8%). Meanwhile, fixed investment expanded less (0.2% vs 3.0% in Q1). On the other hand, household consumption showed no growth (vs -3.3% in Q1) while net external demand contributed negatively to the GDP, as exports grew 2.4 percent (vs -0.1% in Q1) while imports rose at a faster 2.5% (vs -1.6% in Q1). Year-on-year, the economy advanced by 3.9 percent, faster than the second estimate of a 3.6 percent growth, following a downwardly revised 4.9 percent expansion in the first quarter. source: Statistics Denmark

GDP Growth Rate in Denmark averaged 0.45 percent from 1991 until 2022, 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 September of 2022.

GDP Growth Rate in Denmark is expected to be -0.50 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 2023 and 0.50 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Denmark GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-31 06:00 AM QoQ Prel Q2 0.9% -1.1% 0.7% 0.7%
2022-09-30 06:00 AM QoQ Final Q2 0.9% -0.5 0.9%
2022-11-15 07:00 AM QoQ Adv Q3 0.9% -0.5%


Related Last Previous Unit Reference
GDP Growth Rate 0.90 -0.50 percent Jun 2022
GDP Annual Growth Rate 3.90 4.90 percent Jun 2022
GDP Constant Prices 561082.00 565725.00 DKK Million Jun 2022
Gross National Product 593764.00 577737.00 DKK Million Jun 2022
Gross Fixed Capital Formation 126816.00 129784.00 DKK Million Jun 2022
GDP from Transport 100580.00 90649.00 DKK Million Jun 2022
GDP from Public Administration 100509.00 98995.00 DKK Million Jun 2022
GDP from Mining 3947.00 2751.00 DKK Million Jun 2022
GDP from Manufacturing 80657.00 82878.00 DKK Million Jun 2022
GDP from Construction 25690.00 25220.00 DKK Million Jun 2022
GDP from Agriculture 4977.00 5906.00 DKK Million Jun 2022

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
0.90 -0.50 6.10 -6.40 1991 - 2022 percent Quarterly
SA

News Stream
Danish GDP Growth Rate Confirmed at 0.9% in Q2
The Danish quarterly economic growth was confirmed at 0.9 percent in the three months to June of 2022, recovering from a downwardly revised 0.5% contraction in the previous period, due to a rebound in government spending (0.4% vs -1.8%). Meanwhile, fixed investment expanded less (0.2% vs 3.0% in Q1). On the other hand, household consumption showed no growth (vs -3.3% in Q1) while net external demand contributed negatively to the GDP, as exports grew 2.4 percent (vs -0.1% in Q1) while imports rose at a faster 2.5% (vs -1.6% in Q1). Year-on-year, the economy advanced by 3.9 percent, faster than the second estimate of a 3.6 percent growth, following a downwardly revised 4.9 percent expansion in the first quarter.
2022-09-30
Danish GDP Growth Revised Higher in Q2
The Danish economy advanced by 0.9 percent on quarter in the three months to June of 2022, higher than the preliminary reading of a 0.7% growth, and recovering from an upwardly revised 1.1% contraction in the previous period, due to a rebound in government spending (0.5% vs -1.9%). Meanwhile, household consumption fell (-0.7% vs -2.6% in Q1) while net external demand contributed negatively to the GDP, as exports rose 0.7 percent (vs -1.1% in Q1) while imports grew at a faster 0.8% (vs -2.2% in Q1). In the meantime, fixed investment contracted (-1.2% vs 2.6% in Q1). Year-on-year, the economy grew by 3.6 percent, following a downwardly revised 5.2 percent expansion in the first quarter. .
2022-08-31
Danish Economy Rebounds in Q2
The Danish economy expanded by 0.7 percent on quarter in the three months to June of 2022, rebounding from a 0.5 percent contraction in the previous quarter, a flash estimate showed. Positive contributions to the GDP came from manufacturing sectors and hotel & restaurant, amid easing COVID-19 restrictions.
2022-08-15