Denmark GDP Growth Rate

Last Release

Mar 31, 2025

Actual

-0.5

Units In

1.6

Frequency

Quarterly

Next Release

Jun 30, 2025

Time to Release

1 Months 9 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
6.1 Sep 2020	-6.4 Jun 2020	0.43 %	1991-2025	Statistics Denmark

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.

Latest Updates

Denmark’s economy contracted by 0.5% quarter-on-quarter in the first quarter of 2025, after a downwardly revised 1.6% growth in the previous period, preliminary estimates showed. The economic downturn was mainly due to a decline in the pharmaceutical industry. Net external demand also contributed negatively, as exports (-3.0% vs 3.6% in Q4 2024) decreased more than imports (-0.3% vs 3.8%). Additionally, fixed investments fell sharply (-6.3% vs 10.2%), weighed down by lower investment in machinery and transport equipment (-1.9% vs 9.9%) and intellectual rights (-21.8% vs 31.7%). Moreover, government spending dropped (-1.1% vs 1.5%), while household consumption growth slowed (0.2% vs 0.4%), partly due to a fall in vehicle purchases (-2.0% vs 0.3%). On an annual basis, the GDP expanded by 3.6% in the March quarter, following a downwardly revised 4.2% rise in the preceding quarter.