Denmark GDP Growth Rate

Last Release

Sep 30, 2025

Actual

2.3

Units In

1.3

Frequency

Quarterly

Next Release

Dec 23, 2025

Time to Release

1 Months 1 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
6.1 Sep 2020	-6.4 Jun 2020	0.45 %	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 grew by 2.3% quarter-on-quarter in the third quarter of 2025, accelerating from an upwardly revised 1.2% expansion in the previous period, according to preliminary estimates. This marked the strongest growth since the fourth quarter of 2021, primarily driven by significant gains in industry, with the pharmaceutical sector leading the way. Strong performance in pharmaceuticals also supported net external demand, as exports rose 4.1% (vs 3.8% in Q2) while imports fell 0.2% (vs 2.5%). Additionally, government spending rose by 0.9% (vs 0.4%), while fixed investment increased modestly (0.1% vs 0%), supported by recoveries in investment in housing (1.9% vs -1.5%) and intellectual rights (0.3% vs -2.5%). Meanwhile, household consumption remained steady (at 0.1%). On a yearly basis, the GDP expanded by 3.9%, the largest growth for the year, following an upwardly revised 2% gain in the preceding period.