The Danish economy expanded by 4.9 percent on quarter in the three months to September of 2020, the most since the series began in 1991, rebounding sharply from an upwardly revised 7 percent fall in the previous period, a preliminary estimate showed. Both fixed investment (3.3% vs -6.4% in Q2) and household consumption (4.3 percent vs -6.2 percent) rebounded sharply. Also, government spending recovered (1.0 percent vs -1.7 percent). Meantime, net external demand contributed negatively to GDP growth, as exports rose by 5.3% (vs -11.6%) while imports increased at a faster 5.4% (vs -11.9%). Year-on-year, the economy shrank 4 percent, after an upwardly revised 8.1 percent drop in the second quarter. source: Statistics Denmark
GDP Growth Rate in Denmark averaged 0.38 percent from 1991 until 2020, reaching an all time high of 4.90 percent in the third quarter of 2020 and a record low of -6.80 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 December of 2020.
GDP Growth Rate in Denmark is expected to be -1.30 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 0.90 in 12 months time. In the long-term, the Denmark GDP Growth Rate is projected to trend around 0.80 percent in 2021 and 0.50 percent in 2022, according to our econometric models.