The gross domestic product (GDP) in current prices in Denmark was estimated at about 429.46 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 358.65 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 124.76 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

This statistic shows the share of economic sectors in the gross domestic product (GDP) in Denmark from 2013 to 2023. In 2023, the share of agriculture in Denmark's gross domestic product was 0.76 percent, industry contributed approximately 23.49 percent and the services sector contributed about 64.42 percent.

The Gross Domestic Product (GDP) in Denmark expanded 1.90 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - Denmark GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Denmark Public Consumption: % of GDP

• Denmark Public Consumption accounted for 22.5 % of its Nominal GDP in Dec 2024, compared with a share of 22.2 % in the previous quarter.
• Denmark Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1990 to Dec 2024, with an average number of 24.5 %.
• The data reached an all-time high of 28.0 % in Mar 2010 and a record low of 21.0 % in Sep 2022.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Statistics Denmark provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Denmark Public Consumption: % of GDP

• In the latest reports, Denmark GDP expanded 1.7 % YoY in Mar 2023.
• Denmark Nominal GDP reached 102.0 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 1.9 % in Mar 2023.
• Denmark GDP Per Capita reached 67,743.6 USD in Dec 2022.
• Its Gross Savings Rate was measured at 34.9 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 21.0 % in Mar 2023.
• Private Consumption accounted for 44.3 % in Dec 2024.

Key information about Denmark Real GDP Growth

• The Gross Domestic Product (GDP) in Denmark expanded 1.5 % YoY in Dec 2022, following a growth of 3.7 % in the previous quarter.
• Real GDP Growth YoY data in Denmark is updated quarterly, available from Mar 1992 to Dec 2022, with an average rate of 2.0 %.
• The data reached an all-time high of 9.0 % in Jun 2021 and a record low of -6.4 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Statistics Denmark provides Real GDP in local currency, at chain linked 2010 prices.


Related information about Denmark Real GDP Growth

• In the latest reports, Nominal GDP of Denmark reached 97.0 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 5.5 % in Dec 2022.
• GDP Per Capita in Denmark reached 66,782.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 36.0 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 26.2 % in Dec 2022.
• Public Consumption accounted for 22.6 % in Dec 2022.
• Private Consumption accounted for 44.0 % in Dec 2022.

The Gross Domestic Product per capita in Denmark was last recorded at 73709 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Denmark, when adjusted by Purchasing Power Parity is equivalent to 415 percent of the world's average. This dataset provides the latest reported value for - Denmark GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The growth of the Danish gross domestic product (GDP) in 2020 was minus 2.1 percent. This is due to the outbreak of the coronavirus (COVID-19). However, the GDP recovered in 2021, growing by almost five percent. Denmark's GDP was forecast to grow by two percent in 2024.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Denmark (NAEXKP06DKQ652S) from Q1 1995 to Q3 2023 about Denmark, exports, goods, services, real, and GDP.

Denmark DK: Pharmaceutical Industry: Total Exports data was reported at 21.567 USD bn in 2021. This records an increase from the previous number of 20.825 USD bn for 2020. Denmark DK: Pharmaceutical Industry: Total Exports data is updated yearly, averaging 5.953 USD bn from Dec 1988 (Median) to 2021, with 34 observations. The data reached an all-time high of 21.567 USD bn in 2021 and a record low of 864.758 USD mn in 1988. Denmark DK: Pharmaceutical Industry: Total Exports data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Denmark – Table DK.OECD.MSTI: Trade Statistics: OECD Member: Annual.

In Denmark: from reference year 2007, the surveys are conducted by Statistics Denmark (previously by the Danish Centre for Studies in Research and Research Policy). Modifications in the questionnaires have increased the response rate; this is particularly noticeable in the Business enterprise sector where survey response is now mandatory. Additionally, due to changes in the administrative structure, a number of institutes, previously classified in the Government sector, were merged with universities.

Until 2002, the HE-sector R&D expenditure was underestimated as R&D carried out in hospital departments at the university-hospitals was included in the Government sector.

As of 2002, the business enterprise survey specifically requests data on researchers, technicians and other personnel. Earlier data for R&D personnel by occupation are based on qualification.

In 2017, unit reclassification led to a break in series in the “industrial production and technology” socio-economic objective (increase) and the “general advancement of knowledge, other than GUF” (decrease). From 2002, GBARD data include government-financed R&D on renewable energy. In 2001, a new principle concerning budgeting of commitments was introduced: commitments of grants are carried to the debit side at the time of entering the commitment, where previously commitment of grants was carried to the debit side at maturity.

From 1999, provincial and local government funding is included in the GBARD data (in particular funding in provincial hospitals), as well as funding from the Danish National Research Foundation and the Danish Investment Fund. In 1983, 1988, and 1993, the method for breaking down GBARD data by socio-economic objectives changed, leading to breaks in series.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Denmark (NAEXKP07DKQ652S) from Q1 1995 to Q3 2023 about Denmark, imports, goods, services, real, and GDP.

Key information about Denmark Total Imports from USA

• Denmark Total Imports from USA recorded 897.548 USD mn in Jan 2025, compared with 901.774 USD mn in the previous month
• Denmark Total Imports from USA data is updated monthly, available from Feb 1975 to Jan 2025, with an averaged value of 175.841 USD mn
• The data reached an all-time high of 901.774 USD mn in Dec 2024 and a record low of 39.918 USD mn in Mar 1975

CEIC calculates seasonally adjusted series by X-12 ARIMA. CEIC converts monthly Total Imports from USA into USD. Statistics Denmark provides Total Imports from USA, CIF, in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Since January 2022, Total Imports from USA is based on Border Crossing Principle. Total Imports from USA prior to January 1988 is sourced from the International Monetary Fund.

Key information about Denmark GDP Deflator Growth

• Denmark GDP deflator (implicit price deflator) increased 5.5 % in Dec 2022, compared with an increase of 9.2 % in the previous quarter.
• Denmark GDP Deflator Growth data is updated quarterly, available from Mar 1992 to Dec 2022, with an average rate of 1.7 %.
• The data reached an all-time high of 9.3 % in Jun 2022 and a record low of -0.3 % in Sep 2009.

CEIC calculates GDP Deflator Growth from quarterly Nominal and Real GDP. Statistics Denmark provides Nominal GDP in local currency and Real GDP in local currency, at chain linked 2010 prices.


Related information about Denmark GDP Deflator Growth

• In the latest reports, Denmark GDP expanded 1.5 % YoY in Dec 2022.
• Its Nominal GDP reached 97.0 USD bn in Dec 2022.
• Denmark GDP Per Capita reached 66,782.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 36.0 % in Dec 2022.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Denmark (NAEXKP07DKA652S) from 1995 to 2022 about Denmark, imports, goods, services, real, and GDP.

In 2022, nearly 27 percent of the gross domestic product (GDP) in Denmark was generated by the trade and transport sector. The second largest sector was public administration, education, and health, accounting for nearly 20 percent of the national GDP. Meanwhile, mining and quarrying as well as agriculture, forestry and fishing only contributed with just above one percent of the total GDP each.

Unemployment Rate in Denmark remained unchanged at 2.60 percent in July. This dataset provides - Denmark Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Except for the years around the financial crisis in 2008 and 2009, and after the outbreak of COVID-19 in 2020, the gross domestic product (GDP) of Denmark had a positive growth rate over the past 20 years. In 2020, Denmark's GDP decreased by over two percent compared to the previous year, but was up at 6.8 percent in 2021. For more information about the economic impact of COVID-19 in the Nordic countries, visit our dedicated page.

Denmark Danish Direct Investment: Special Purpose Entities: Net data was reported at 2.200 DKK bn in Mar 2018. This records an increase from the previous number of 1.000 DKK bn for Dec 2017. Denmark Danish Direct Investment: Special Purpose Entities: Net data is updated quarterly, averaging -1.400 DKK bn from Mar 2005 (Median) to Mar 2018, with 53 observations. The data reached an all-time high of 54.800 DKK bn in Mar 2016 and a record low of -111.800 DKK bn in Dec 2012. Denmark Danish Direct Investment: Special Purpose Entities: Net data remains active status in CEIC and is reported by Danmarks Nationalbank. The data is categorized under Global Database’s Denmark – Table DK.O001: BPM6: Danish Direct Investment.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Denmark (XTNTVA01DKQ664S) from Q1 1955 to Q2 2025 about Denmark, trade, Net, and goods.

Graph and download economic data for International Merchandise Trade Statistics: Exports: Commodities for Denmark (XTEXVA01DKA664S) from 1955 to 2024 about Denmark, trade, exports, and goods.

Deposited in connection with an article published in the European Review of Economic History: To the Manor Born: A New Microlevel Wage Database for Eighteenth Century DenmarkAbstract: We document and make available to the scholarly community a uniquely detailed database of 20,680 observations of wages for men, women and children, and 30,000 observations of prices from eighteenth century rural Denmark. To illustrate the usefulness of such data, we provide three applications. First, we construct nominal wages and deflate them using Allen’s constant consumer baskets. Real wages exhibit a fall with the introduction of serfdom, and other changes consistent with known historical events. Second, we consider skill premia, finding no secular trends between skill categories, but considerable variation both within and between categories over time, suggesting that estimates based on simple averages should be interpreted with caution. Lastly, we consider Denmark’s position in a “rural” Little Divergence debate by comparing with other European countries for which there are rural wages. The Danish rural economy was unsurprisingly relatively poor during this period, although there was considerable variation between regions.