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

The Danish economy advanced 0.1 percent on quarter in the last three months of 2015, rebounding from an upwardly revised 0.6 percent contraction in the previous period but lower than initial estimates of a 0.2 percent expansion, final figures showed. Household consumption made the only positive contribution to growth (up 0.2 percent) while net trade (exports down 0.3 percent and imports fell 0.2 percent) and government spending (down 0.4 percent) weighed down on growth. Gross fixed capital formation edged up 0.1 percent but made no contribution to the expansion. Year-on-year, the economy expanded 0.5 percent, bringing full 2015 expansion to 1.2 percent. GDP Growth Rate in Denmark averaged 0.35 percent from 1991 until 2015, 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
0.10 -0.50 2.90 -2.40 1991 - 2015 percent Quarterly
SA
With very few natural resources, Denmark industrialized market economy depends on imported raw materials and foreign trade. During the two years of economic contraction between 2012-13, the increased borrowing costs and lower export demand worsened the prospects of an economic recovery, as Danes began paying off debts accumulated in the wake of the burst housing bubble. It was only in 2014 that Danish economy started expanding, as consumption appeared to be finally picking up, and home prices were increasing. Meanwhile, and despite the drop in global oil prices, growth forecasts for the next years remain positive as estimates from Danmarks Nationalbank suggest that the price decline could actually improve Denmark's economy by boosting private demand. 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 April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-22 08:00 AM Q3 -0.4% 0.2% -0.1% -0.1%
2016-02-29 08:00 AM Q4 0.2% -0.5% 0.5%
2016-03-31 07:00 AM Q4 0.1% -0.6% 0.2% 0.2%
2016-05-30 07:00 AM Q1 0.1% -0.03%
2016-06-30 07:00 AM Q1 0.1%
2016-08-31 07:00 AM Q2 -0.07%

Denmark GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 -0.50 2.90 -2.40 percent [+]
GDP Annual Growth Rate 0.50 0.50 6.50 -6.40 percent [+]
GDP 342.36 335.88 352.59 6.25 USD Billion [+]
GDP Constant Prices 463826.00 463466.00 475013.00 325442.00 DKK Million [+]
Gross National Product 477242.00 482783.00 483499.00 301826.00 DKK Million [+]
Gross Fixed Capital Formation 90441.00 90214.00 106127.00 49881.00 DKK Million [+]
GDP per capita 47546.91 47219.89 50695.08 17226.40 USD [+]
GDP per capita PPP 42776.94 42482.73 45609.28 33255.86 USD [+]
GDP From Agriculture 5349.00 5659.00 6590.00 2963.00 DKK Million [+]
GDP From Construction 20635.00 19663.00 23306.00 13475.00 DKK Million [+]
GDP From Manufacturing 55752.00 54560.00 59070.00 38290.00 DKK Million [+]
GDP From Mining 7957.00 8437.00 19861.00 5709.00 DKK Million [+]
GDP From Public Administration 92318.00 92265.00 94265.00 71662.00 DKK Million [+]
GDP From Transport 77270.00 76720.00 85860.00 46745.00 DKK Million [+]




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