The growth of the real gross domestic product (GDP) in Denmark was forecast to decrease between 2024 and 2029 by in total 0.5 percentage points. This overall decrease does not happen continuously, notably not in 2028. The growth is estimated to amount to 1.45 percent in 2029. This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Norway, Iceland, and Finland.

The Gross Domestic Product (GDP) in Denmark expanded 4.10 percent in the fourth quarter of 2024 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.

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.

The Gross Domestic Product (GDP) in Denmark was worth 407.09 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Denmark represents 0.39 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.

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.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

The gross domestic product (GDP) per capita in Denmark was forecast to continuously increase between 2024 and 2029 by in total 12,301.6 U.S. dollars (+17.76 percent). After the seventh consecutive increasing year, the GDP per capita is estimated to reach 81,574.68 U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more key insights for the gross domestic product (GDP) per capita in countries like Finland, Sweden, and Norway.

Denmark DK: GDP: Growth data was reported at 2.240 % in 2017. This records an increase from the previous number of 1.964 % for 2016. Denmark DK: GDP: Growth data is updated yearly, averaging 2.240 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 9.270 % in 1964 and a record low of -4.907 % in 2009. Denmark DK: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Denmark – Table DK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Key information about Denmark Nominal GDP

• Denmark Nominal GDP reached 97.0 USD bn in Dec 2022, compared with 96.7 USD bn in the previous quarter.
• Nominal GDP in Denmark is updated quarterly, available from Mar 1990 to Dec 2022, with an average number of 72.0 USD bn.
• The data reached an all-time high of 101.6 USD bn in Dec 2021 and a record low of 32.3 USD bn in Mar 1990.

• In the latest reports, Denmark GDP expanded 1.5 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 5.5 % 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.
• 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.

Key information about Denmark Labour Productivity Growth

• Denmark Labour Productivity dropped by 2.65 % YoY in Dec 2024, compared with a growth of 2.92 % in the previous quarter
• Denmark Labour Productivity Growth data is updated quarterly, available from Mar 1991 to Dec 2024, averaging at 1.32 %
• The data reached an all-time high of 8.22 % in Jun 2021 and a record low of -5.07 % in Dec 2008

• In the latest reports, Denmark Population reached 5.84 Person mn in Dec 2020
• Its Unemployment Rate dropped to 4.90 % in May 2023
• Monthly Earnings of Denmark stood at 6,905.44 USD in Dec 2023
• The country's Labour Force Participation Rate increased to 73.80 % in Dec 2024

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

Graph and download economic data for Real Gross Domestic Product for Denmark (CLVMNACSCAB1GQDK) from Q1 1991 to Q4 2024 about Denmark, real, and GDP.

Denmark DK: GDP: Growth: Gross Capital Formation data was reported at 3.906 % in 2017. This records a decrease from the previous number of 5.996 % for 2016. Denmark DK: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 2.672 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 21.508 % in 1976 and a record low of -21.231 % in 2009. Denmark DK: GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Denmark – Table DK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

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 DK: GDP: Growth: GNI data was reported at 1.230 % in 2016. This records a decrease from the previous number of 1.345 % for 2015. Denmark DK: GDP: Growth: GNI data is updated yearly, averaging 2.104 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 6.036 % in 1976 and a record low of -5.016 % in 2009. Denmark DK: GDP: Growth: GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Denmark – Table DK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Denmark DK: GDP: Growth: GNI per Capita data was reported at 0.443 % in 2016. This records a decrease from the previous number of 0.632 % for 2015. Denmark DK: GDP: Growth: GNI per Capita data is updated yearly, averaging 1.688 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 5.770 % in 1976 and a record low of -5.523 % in 2009. Denmark DK: GDP: Growth: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Denmark – Table DK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Denmark DK: GDP: Growth: Exports of Goods and Services data was reported at 4.359 % in 2017. This records an increase from the previous number of 2.840 % for 2016. Denmark DK: GDP: Growth: Exports of Goods and Services data is updated yearly, averaging 4.359 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 18.519 % in 1970 and a record low of -9.224 % in 2009. Denmark DK: GDP: Growth: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Denmark – Table DK.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The largest growth of the Danish gross domestic product (GDP) was registered in the third quarter of 2020, when it grew by 5.7 percent compared to the previous quarter, after having sunk by more than six percent in the previous quarter due to the COVID-19 pandemic. GDP growth has been positive since with the exception of the first quarter 2022, when it declined by nearly one percent compared to the previous quarter.

The Gross Domestic Product per capita in Denmark was last recorded at 71390 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Denmark, when adjusted by Purchasing Power Parity is equivalent to 402 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.

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.