The Danish economy expanded by 0.3 percent on quarter in the three months to September of 2022, lower than a preliminary estimate of a 0.5% growth, and slowing from a 0.8% expansion in the previous period. Fixed investment increased faster (1.2% vs 0.1% in Q2) and net external demand contributed positively to the GDP, as exports grew 2.5 percent while imports fell 0.2%, amid a faster drop in both government spending (-1.2% vs -0.3%), and household consumption (-0.7% vs -0.4% in Q2). Year-on-year, the economy grew by 3.2 percent, lower than a preliminary reading of a 3.4 percent gain, following an upwardly revised 3.9 percent growth in the second quarter. source: Statistics Denmark

GDP Growth Rate in Denmark averaged 0.44 percent from 1991 until 2022, reaching an all time high of 5.90 percent in the third quarter of 2020 and a record low of -6.30 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 January of 2023.

GDP Growth Rate in Denmark is expected to be 0.40 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 2024 and 0.40 percent in 2025, according to our econometric models.

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Denmark GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-30 07:00 AM QoQ Prel Q3 0.5% 0.8% 0.5%
2022-12-23 07:00 AM QoQ Final Q3 0.3% 0.8% 0.5%
2023-02-15 07:00 AM QoQ Adv Q4 0.3% -0.7%


Related Last Previous Unit Reference
GDP Growth Rate 0.30 0.80 percent Sep 2022
GDP Annual Growth Rate 3.20 3.90 percent Sep 2022
GDP Constant Prices 563987.00 562473.00 DKK Million Sep 2022
Gross National Product 598823.00 599121.00 DKK Million Sep 2022
Gross Fixed Capital Formation 129512.00 127939.00 DKK Million Sep 2022
GDP from Transport 100776.00 100896.00 DKK Million Sep 2022
GDP from Public Administration 97126.00 100304.00 DKK Million Sep 2022
GDP from Mining 3916.00 3945.00 DKK Million Sep 2022
GDP from Manufacturing 79464.00 81649.00 DKK Million Sep 2022
GDP from Construction 24408.00 25691.00 DKK Million Sep 2022
GDP from Agriculture 4559.00 5129.00 DKK Million Sep 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
0.30 0.80 5.90 -6.30 1991 - 2022 percent Quarterly
SA

News Stream
Danish Q3 GDP Growth Revised Lower
The Danish economy expanded by 0.3 percent on quarter in the three months to September of 2022, lower than a preliminary estimate of a 0.5% growth, and slowing from a 0.8% expansion in the previous period. Fixed investment increased faster (1.2% vs 0.1% in Q2) and net external demand contributed positively to the GDP, as exports grew 2.5 percent while imports fell 0.2%, amid a faster drop in both government spending (-1.2% vs -0.3%), and household consumption (-0.7% vs -0.4% in Q2). Year-on-year, the economy grew by 3.2 percent, lower than a preliminary reading of a 3.4 percent gain, following an upwardly revised 3.9 percent growth in the second quarter.
2022-12-23
Danish Q3 GDP Growth Rate Eases to 0.5%
The Danish economy advanced by 0.5 percent on quarter in the three months to September of 2022, easing from downwardly revised 0.8% expansion in the previous period, a preliminary data showed. Fixed investment rebounded (0.8% vs -0.4% in Q2) and net external demand contributed positively to the GDP, as exports grew 2.6 percent while imports fell 0.2%, amid a faster fall in government spending (-0.9% vs -0.3%). Meanwhile, household consumption fell less (-0.3% vs -2.3% in Q2). Year-on-year, the economy grew by 3.4 percent, following a downwardly revised 3.8 percent gain in the second quarter.
2022-11-30
Danish Q3 GDP Growth Rate Slows
The Danish economy expanded by 0.5 percent on quarter in the three months to September 2022, easing from a 0.9 percent advance in the previous period, a preliminary estimate showed. Still, this was the second straight quarter of growth, mainly driven by continued progress in industry and services aimed at households. Meanwhile, the rest of the economy showed a picture of stagnation, which helped dampen economic growth.
2022-11-15