Denmark GDP Growth Rate

Last Release

Mar 31, 2025

Actual

-0.5

Units In

1.6

Frequency

Quarterly

Next Release

Sep 30, 2025

Time to Release

2 Months 29 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 1.3% quarter-on-quarter in the first quarter of 2025, lower than the preliminary estimate of 0.5% decline, following a 1.6% growth in the previous period. This marked the first quarter of decline since the fourth quarter of 2022, primarily driven by the decline in the pharmaceutical industry. Fixed investments fell sharply (-13.2% vs 12.8%), weighed down by lower investment in machinery and transport equipment (-5.8% vs 4.0%) and intellectual rights (-5.8% vs 4.0%). Moreover, government spending dropped (-1.9% VS 0.8%), while household consumption growth slowed (0.5% vs 0.6%), partly due to a fall in vehicle purchases (-0.3% vs 3.2%). Meanwhile, net external demand contributed positively, as imports (-6.5% vs 4.6% in Q4 2024) decreased more than exports (-4.1% vs 1.6%). On an annual basis, the GDP expanded by 2.3% in the 2nd quarter of 2025, from a previous estimate of 3.6%, following a downwardly revised 4.2% rise in the preceding quarter.