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.

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) 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.

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.

GDP from Construction in Denmark decreased to 35166 DKK Million in the fourth quarter of 2024 from 35520 DKK Million in the third quarter of 2024. This dataset provides - Denmark Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Gross Domestic Product for Denmark (CPMNACSCAB1GQDK) from Q1 1991 to Q4 2024 about Denmark and GDP.

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.

CEIC converts quarterly Nominal GDP into USD. Statistics Denmark provides Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about Denmark Nominal GDP

• 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.

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.

Key information about Denmark Domestic Credit Growth

• Denmark Domestic Credit shrunk by 8.3 % YoY in Dec 2024, compared with a decrease of 10.2 % YoY in the previous month
• Denmark Domestic Credit Growth YoY data is updated monthly
• It averaged 3.8 %, available from Dec 2002 to Dec 2024
• The data reached an all-time high of 21.5 % in Aug 2019 and a record low of -10.5 % in Aug 2013

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The International Monetary Fund provides Domestic Credit in local currency.


Further information about Denmark Domestic Credit Growth

• In the latest reports, Denmark Domestic Credit reached 720.2 USD bn in Dec 2024
• Money Supply M2 in Denmark increased to 203.6 USD bn YoY in Aug 2017
• Denmark Foreign Exchange Reserves was measured at 79.1 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 7.6 Months of Import in Dec 2024
• The country's Non Performing Loans Ratio stood at 0.9 % in Sep 2024, compared with the ratio of 0.9 % in the previous quarter
• Household Debt of Denmark reached 92.2 % in Dec 2023, accounting for 92.2 % of the country's Nominal GDP

GDP, billion currency units in Denmark, December, 2024 The most recent value is 794.53 billion Danish Krone as of Q4 2024, an increase compared to the previous value of 737.82 billion Danish Krone. Historically, the average for Denmark from Q1 1991 to Q4 2024 is 432.92 billion Danish Krone. The minimum of 219.57 billion Danish Krone was recorded in Q3 1991, while the maximum of 794.53 billion Danish Krone was reached in Q4 2024. | TheGlobalEconomy.com

GDP from Agriculture in Denmark decreased to 8240 DKK Million in the fourth quarter of 2024 from 8367 DKK Million in the third quarter of 2024. This dataset provides - Denmark Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Denmark's quarterly gross domestic product (GDP) per capita at current prices from the first quarter of 2014 to the second quarter of 2024. The largest growth was in the fourth quarter of 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

CEIC calculates Labour Productivity Growth from quarterly Real GDP and quarterly Employment. Statistics Denmark provides Real GDP in local currency, at 2020 prices and Employment.


Further information about Denmark Labour Productivity Growth

• 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

The statistic shows the growth of the real gross domestic product (GDP) in the EU member states in the second quarter 2024 compared to the same quarter of the previous year. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change in it is a sign of economic growth. In the second quarter of 2024, the real GDP in Denmark increased by 2.5 percent compared to the same quarter of the previous year. The overall EU GDP amounted to around 15.8 trillion euros around the same time. Global economy and the economic crisis The global economy has been slowly recovery after having been devastated by the global financial crisis in 2008. The economic crisis, which hit Greece, Ireland and Portugal, among other countries, severely, marked the beginning of the European sovereign debt crisis which forced these nations to request a bailout between 2013 and 2014. In November 2014, the unemployment rate in Greece amounted to around a desastrous 25 percent, which means one quarter of Greeks who were of working age were out of work. Meanwhile, the unemployment rate average for the whole European Union was at 10 percent. In addition, Greece, Italy, Portugal, and Ireland ranked at the top of the list of the nations in the European Union with the largest national debt in relation to the gross domestic product. In the third quarter of 2014, Greece’s national debt amounted to 176 percent of the gross domestic product. Despite the crisis, the global economy is expected to improve. It is estimated that GDP in the European Union will grow by 1.85 percent in 2015 in comparison to the previous year. Also, the national debt in relation to GDP in Greece, Italy, Portugal and Ireland will decrease between 2015 and 2016.

Key information about Denmark Foreign Direct Investment: % of GDP

• Denmark Foreign Direct Investment (FDI) registered a growth equal to 4.1 % of the country's Nominal GDP in Dec 2024, compared with a growth equal to 6.4 % in the previous quarter.
• Denmark Foreign Direct Investment: % of Nominal GDP data is updated quarterly, available from Mar 1999 to Dec 2024.
• The data reached an all-time high of 61.0 % in Jun 2000 and a record low -18.4 % in Dec 2012.

CEIC calculates Foreign Direct Investment as % of Nominal GDP from monthly Foreign Direct Investment and quarterly Nominal GDP. Danmarks Nationalbank provides Foreign Direct Investment in local currency based on BPM6. Statistics Denmark provides Nominal GDP in local currency. Foreign Direct Investment prior to Q1 2005 is based on BPM5.


Related information about Denmark Foreign Direct Investment: % of GDP

• In the latest reports of Denmark, Current Account recorded a surplus of 5.3 USD bn in Apr 2023.
• Foreign Direct Investment (FDI) fell by 8.6 USD bn in Dec 2024.
• Denmark Direct Investment Abroad fell by 2.6 USD bn in Dec 2024.
• Its Foreign Portfolio Investment increased by 528.6 USD mn in Dec 2024.
• The country's Nominal GDP was reported at 102.0 USD bn in Mar 2023.

Pertumbuhan PDB Nominal Denmark dilaporkan sebesar 9.999 % pada 2024-12. Rekor ini naik dibanding sebelumnya yaitu 8.062 % untuk 2024-09. Data Pertumbuhan PDB Nominal Denmark diperbarui triwulanan, dengan rata-rata 3.455 % dari 1991-03 sampai 2024-12, dengan 136 observasi. Data ini mencapai angka tertinggi sebesar 14.271 % pada 2021-06 dan rekor terendah sebesar -5.870 % pada 2009-06. Data Pertumbuhan PDB Nominal Denmark tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Denmark (NAEXKP03DKQ657S) from Q2 1995 to Q3 2024 about Denmark, consumption expenditures, consumption, government, real, and GDP.

Denmark recorded a Current Account surplus of 9.80 percent of the country's Gross Domestic Product in 2023. This dataset provides - Denmark Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Denmark GDP: Deflator: sa: Exports of Goods and Services data was reported at 116.206 2015=100 in 2024. This records an increase from the previous number of 115.551 2015=100 for 2023. Denmark GDP: Deflator: sa: Exports of Goods and Services data is updated yearly, averaging 92.144 2015=100 from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 134.349 2015=100 in 2022 and a record low of 71.764 2015=100 in 1995. Denmark GDP: Deflator: sa: Exports 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.MEI: Gross Domestic Product: GDP Deflator: Seasonally Adjusted: OECD Member: Annual.