Denmark GDP Growth Rate  1991-2016 | Data | Chart | Calendar | Forecast

The Danish economy advanced 0.7 percent on quarter in the first three months of 2016, rebounding from a revised 0.2 percent contraction in the previous period and above a preliminary reading of 0.5 percent. It is the first expansion in three quarters and the highest growth rate in 1-1/2-year, final figures showed. Household consumption (up 0.7 percent compared to 0.4 percent in Q4) grew at a faster pace; government spending rebounded (up 0.8 percent compared to -0.7 percent in Q4) while gross fixed capital formation slowed (up 0.4 percent compared to 1.5 percent in Q4). In addition, exports posted the first gain in one year (up 0.7 percent after being flat in Q4) and imports stalled (0.9 percent in Q4). Year-on-year, the economy advanced 0.3 percent, better than a downwardly revised 0.1 percent growth in the previous period but below 0.6 percent in the preliminary estimate. GDP Growth Rate in Denmark averaged 0.36 percent from 1991 until 2016, reaching an all time high of 2.90 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 reported by the Statistics Denmark.

Denmark GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.10 2.90 -2.40 1991 - 2016 percent Quarterly
SA
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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-31 07:00 AM Q4 0.1% -0.6% 0.2% 0.2%
2016-05-31 07:00 AM Q1 0.5% 0.1% 0.1% 0.5%
2016-06-30 07:00 AM Q1 0.7% -0.2% 0.5% 0.5%
2016-08-31 07:00 AM Q2 0.7% 0.2%
2016-09-30 07:00 AM Q2 0.7%
2016-11-30 08:00 AM Q3 0.4%

Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.10 2.90 -2.40 percent [+]
GDP Annual Growth Rate 0.30 0.50 6.40 -6.40 percent [+]
GDP 295.16 346.12 352.59 6.25 USD Billion [+]
GDP Constant Prices 465131.00 462066.00 475013.00 325442.00 DKK Million [+]
Gross National Product 475417.00 476494.00 483142.00 301826.00 DKK Million [+]
Gross Fixed Capital Formation 91631.00 91255.00 106127.00 49881.00 DKK Million [+]
GDP per capita 58207.90 57861.46 61149.53 21075.51 USD [+]
GDP per capita PPP 43415.23 43156.83 45609.29 33255.87 USD [+]
GDP From Agriculture 5329.00 5349.00 6590.00 2963.00 DKK Million [+]
GDP From Construction 19318.00 20635.00 23306.00 13475.00 DKK Million [+]
GDP From Manufacturing 55547.00 55752.00 59070.00 38290.00 DKK Million [+]
GDP From Mining 6979.00 7957.00 19861.00 5709.00 DKK Million [+]
GDP From Public Administration 92491.00 92318.00 94265.00 71662.00 DKK Million [+]
GDP From Transport 69216.00 77270.00 85860.00 46745.00 DKK Million [+]




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Luxembourg 0.70 Mar/16
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Croatia 0.60 Apr/16
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Portugal 0.20 Jun/16
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Switzerland 0.10 Mar/16
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France 0.00 Jun/16
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Chile -0.40 Jun/16
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Argentina -0.70 Mar/16
Belize -1.07 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
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Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Qatar -2.60 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16