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.

The Gross Domestic Product (GDP) in Denmark expanded 2.30 percent in the third quarter of 2025 over the previous quarter. This dataset 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.

Due to the coronavirus (COVID-19) outbreak, the Danish economy is expected to grow by one percent instead of the initially estimated 1.5 percent. By comparison, for Europe the forecast changed from a growth rate of 1.1 percent to only 0.8 percent.

The first case of COVID-19 in Denmark was confirmed on February 27, 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Denmark GDP: Deflator data was reported at 1.147 Index, 2020 in 2026. This records an increase from the previous number of 1.122 Index, 2020 for 2025. Denmark GDP: Deflator data is updated yearly, averaging 0.653 Index, 2020 from Dec 1966 (Median) to 2026, with 61 observations. The data reached an all-time high of 1.147 Index, 2020 in 2026 and a record low of 0.105 Index, 2020 in 1966. Denmark GDP: Deflator 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.EO: GDP: Deflator: Forecast: OECD Member: Annual.

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 GDP: Deflator: Imports of Goods and Services data was reported at 1.288 Index, 2020 in 2026. This records an increase from the previous number of 1.263 Index, 2020 for 2025. Denmark GDP: Deflator: Imports of Goods and Services data is updated yearly, averaging 0.827 Index, 2020 from Dec 1966 (Median) to 2026, with 61 observations. The data reached an all-time high of 1.321 Index, 2020 in 2022 and a record low of 0.210 Index, 2020 in 1967. Denmark GDP: Deflator: Imports of Goods and Services 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.EO: GDP: Deflator: Forecast: OECD Member: Annual.

The Gross Domestic Product (GDP) in Denmark was worth 429.46 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Denmark represents 0.40 percent of the world economy. This dataset provides the latest reported value for - Denmark GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Economic growth, quarterly in Denmark, September, 2025 The most recent value is 2.3 percent as of Q3 2025, an increase compared to the previous value of 1.2 percent. Historically, the average for Denmark from Q2 1995 to Q3 2025 is 0.43 percent. The minimum of -5.9 percent was recorded in Q2 2020, while the maximum of 6 percent was reached in Q3 2020. | TheGlobalEconomy.com

According to a survey among members of the employers association, Dansk Erhverv, several industries in Denmark have experienced losses in April 2020 due to the coronavirus (COVID-19) outbreak. Compared to the previous year, especially the experience industry (including travel, tourism and hospitality services) seem to have suffered from the effects of the virus with 98 percent of the surveyed businesses experiencing a decrease in revenues. Similarly, 82 percent of businesses in the retailing industry stated having the same problem.

The first case of the coronavirus (COVID-19) in Denmark was confirmed on February 27, 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Denmark - GDP, current prices was EUR99533.60 Million in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Denmark - GDP, current prices - last updated from the EUROSTAT on October of 2025. Historically, Denmark - GDP, current prices reached a record high of EUR102982.70 Million in December of 2024 and a record low of EUR74074.30 Million in June of 2020.

Denmark - Real GDP growth rate was 3.50% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Denmark - Real GDP growth rate - last updated from the EUROSTAT on November of 2025. Historically, Denmark - Real GDP growth rate reached a record high of 6.50% in December of 2021 and a record low of -1.80% in December of 2020.

Graph and download economic data for Stock Market Total Value Traded to GDP for Denmark (DDDM02DKA156NWDB) from 1975 to 2020 about Denmark, market cap, stock market, trade, and GDP.

From January 2022 till October, the consumer price index (CPI) in Denmark increased rapidly, highlighting the increased inflation of the Danish economy. However, it has been stabilizing more since, reaching ***** in November 2023.

The gross domestic product (GDP) of the City of Copenhagen increased gradually over the past 21 years. From over 220 billion Danish kroner in 2000, it reached 517 billion kroner in 2021, meaning that the GDP of the Danish capital more than doubled from 2000 to 2021. The GDP per capita in Copenhagen was 645,000 Danish kroner in 2021.

Expenditure and tax income

Looking at Copenhagen's expenditure per capita in 2020, the highest share of public spending was on school pupils, amounting to nearly 75,000 Danish kroner. This was followed by expenses for elderly care. The same year, the tax income of the Province of Copenhagen was 57.4 billion Danish kroner.

GDP of Denmark

In Denmark, the GDP stood at 2.5 trillion Danish kroner in 2021. This gives a GDP per capita of 427,000 kroner. As a result of the COVID-19 pandemic, the country's GDP decreased by over two percent in 2020, but is expected to have a positive growth rate over the next years.

Denmark GDP: Deflator: Final Consumption Expenditure: Government data was reported at 1.194 Index, 2020 in 2026. This records an increase from the previous number of 1.151 Index, 2020 for 2025. Denmark GDP: Deflator: Final Consumption Expenditure: Government data is updated yearly, averaging 0.634 Index, 2020 from Dec 1966 (Median) to 2026, with 61 observations. The data reached an all-time high of 1.194 Index, 2020 in 2026 and a record low of 0.078 Index, 2020 in 1966. Denmark GDP: Deflator: Final Consumption Expenditure: Government 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.EO: GDP: Deflator: Forecast: OECD Member: Annual.

Denmark - GDP, volumes was 1.60 % year-on-year in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Denmark - GDP, volumes - last updated from the EUROSTAT on November of 2025. Historically, Denmark - GDP, volumes reached a record high of 11.30 % year-on-year in June of 2021 and a record low of -7.00 % year-on-year in June of 2020.

Denmark - GDP and main components: Subsidies was EUR1607.90 Million in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Denmark - GDP and main components: Subsidies - last updated from the EUROSTAT on November of 2025. Historically, Denmark - GDP and main components: Subsidies reached a record high of EUR4112.70 Million in June of 2020 and a record low of EUR723.60 Million in March of 1992.

Graph and download economic data for Outstanding Domestic Public Debt Securities to GDP for Denmark (DDDM04DKA156NWDB) from 1999 to 2020 about Denmark, public, debt, domestic, securities, and GDP.

The monthly number of bankruptcies of Danish enterprises show a far higher number of bankruptcies in the first months of 2021 compared to the pre-COVID-19 months in 2020. However, from April and onwards, the numbers are roughly the same for 2020 and 2021. In 2022, the number of bankruptcies was at an all time high from March till November showing just how much the Danish economy is still struggling.

Key information about Denmark Real GDP Growth

• The Gross Domestic Product (GDP) in Denmark expanded 3.9 % YoY in Sep 2025, following a growth of 2.0 % in the previous quarter.
• Real GDP Growth YoY data in Denmark is updated quarterly, available from Mar 1992 to Sep 2025, with an average rate of -3.7 %.
• The data reached an all-time high of 10.3 % in Jun 2021 and a record low of -6.1 % in Jun 2020.

• In the latest reports, Nominal GDP of Denmark reached 120.1 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 0.1 % in Sep 2025.
• GDP Per Capita in Denmark reached 71,005.2 USD in Dec 2024.
• Its Gross Savings Rate was measured at 35.0 % in Sep 2025.
• For Nominal GDP contributions, Investment accounted for 20.8 % in Sep 2025.
• Public Consumption accounted for 22.9 % in Sep 2025.
• Private Consumption accounted for 42.8 % in Sep 2025.