The Gross Domestic Product (GDP) in Denmark expanded 2.30 percent in the first 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.

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.

The Gross Domestic Product per capita in Denmark was last recorded at 63229.95 US dollars in 2024. The GDP per Capita in Denmark is equivalent to 501 percent of the world's average. This dataset provides the latest reported value for - Denmark GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Denmark DK: GDP: Growth: Gross Value Added: Services data was reported at 1.190 % in 2016. This records a decrease from the previous number of 2.171 % for 2015. Denmark DK: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 1.969 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 6.465 % in 1973 and a record low of -2.406 % in 2009. Denmark DK: GDP: Growth: Gross Value Added: 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 for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

This dataset is about countries per year in Denmark. It has 64 rows. It features 3 columns: country, and GDP.

Denmark DK: GDP: Growth: Gross Value Added: Industry data was reported at 2.535 % in 2017. This records a decrease from the previous number of 3.590 % for 2016. Denmark DK: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 1.608 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 8.012 % in 1994 and a record low of -10.576 % in 2009. Denmark DK: GDP: Growth: Gross Value Added: Industry 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 for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

Denmark DK: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at 1.832 % in 2017. This records a decrease from the previous number of 5.385 % for 2016. Denmark DK: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 1.719 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 11.078 % in 1994 and a record low of -11.897 % in 2009. Denmark DK: GDP: Growth: Gross Value Added: Industry: Manufacturing 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 for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

The ratio of military expenditure to gross domestic product (GDP) in Denmark increased by 0.6 percentage points (+43.8 percent) compared to the previous year. With 1.95 percent, the ratio thereby reached its highest value in the observed period. Military expenditure figures refer to the amount of money spent on a country's armed forces, including peacekeeping and defense operations, among others. When comparing international figures, there may be some inconsistencies depending on what respective countries consider as military spending.Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Sweden and Norway.

Denmark DK: GDP: Growth: Gross Value Added: Agriculture data was reported at 8.785 % in 2017. This records an increase from the previous number of -1.165 % for 2016. Denmark DK: GDP: Growth: Gross Value Added: Agriculture data is updated yearly, averaging 2.717 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 30.218 % in 2010 and a record low of -24.645 % in 2008. Denmark DK: GDP: Growth: Gross Value Added: Agriculture 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 for agricultural value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

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.

In 2024, the inflation rate in Denmark amounted to 1.27 percent compared to the previous year. Forecasts see it rising to around two percent, the rate of inflation considered stable by economists. Denmark’s economy in short Denmark is a market economy with a consistent trade surplus, with most of its workforce employed in the services sector. It relies on foreign trade and exports mostly chemicals, agricultural products, and machinery. Denmark is not part of the euro area and thus has kept its currency, the Danish krone. Nevertheless, it was hit by the recession of 2008 and 2009, but has recovered quite well. Everything’s stable in the state of DenmarkDespite a slump during the economic crisis around 2008 and 2009, Denmark’s economy is considered to be thriving. Key economic indicators all point to a bright future: Unemployment has been decreasing for the last few years, GDP growth has been steady, and additionally, Denmark scored quite high on the Human Development Index (HDI) – a sure sign that economy and living conditions in the country are stable.

From 2013 to 2019, the gross domestic product (GDP) of all five Nordic countries except Finland grew every year. Finland had a negative growth rate between 2012 and 2014. However, after the outbreak of COVID-19 in 2020, GDP growth rates in all five countries were negative. Relatively speaking, Iceland's economy was hit the hardest, whereas Norway's decrease was least dramatic. As of October 2023, the GDP of Sweden and Finland were forecast to decline, while it was forecast to increase in the other three countries. This must be seen in relation with the high inflation rates in 2022 and 2023.

Denmark DK: GDP: % of GDP: Gross Value Added: Services data was reported at 75.593 % in 2016. This records a decrease from the previous number of 76.407 % for 2015. Denmark DK: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 70.764 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 76.407 % in 2015 and a record low of 64.703 % in 1970. Denmark DK: GDP: % of GDP: Gross Value Added: 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: Gross Domestic Product: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Denmark DK: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data was reported at 21,935.616 DKK mn in 2022. This records an increase from the previous number of 21,715.913 DKK mn for 2021. Denmark DK: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data is updated yearly, averaging 23,142.985 DKK mn from Dec 1966 (Median) to 2022, with 57 observations. The data reached an all-time high of 32,086.985 DKK mn in 2001 and a record low of 5,228.128 DKK mn in 1967. Denmark DK: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing 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: Nominal. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current local currency.;World Bank national accounts data, and OECD National Accounts data files.;;Note: Data for OECD countries are based on ISIC, revision 4.

This bar chart displays military expenditure (% of GDP) by ISO 3 country code using the aggregation average, weighted by gdp in Denmark. The data is about countries per year.

Estonia donated the most significant percentage of its 2021 gross domestic product (GDP) to help Ukraine over the period between January 24, 2022, and February 28, 2025. Estonia contributed 2.34 percent of its GDP in bilateral aid, followed by Denmark with 2.32 percent of GDP. Besides the Nordic and Baltic countries, Poland donated the largest share of GDP. Western countries sent aid to Ukraine in view of the Russian invasion that began in February 2022. Who donated the most to Ukraine? In absolute terms, the largest bilateral aid allocations to Ukraine were made by the United States, at over 114 billion euros as of February 28, 2025. European Union (EU) institutions, such as the European Commission and the European Council, allocated the second-largest amount of assistance, at almost 52.1 billion euros. The United Kingdom (UK) was the fourth-leading source of bilateral aid. EU aid to Ukraine The EU has supported Ukraine with over 17 billion euros in financial assistance since 2014 as of January 2022. Of them, the largest share of aid has been provided as additional loans from the European Investment Bank (EIB) and the European Bank of Reconstruction and Development (EBRD). Among EU members, Germany allocated the largest amount of bilateral aid to Ukraine from January 24, 2022, at around 17 billion euros, while Estonia allocated the largest share of GDP.

Denmark DK: GDP: Real: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data was reported at 20,117.546 DKK mn in 2023. This records a decrease from the previous number of 21,463.597 DKK mn for 2022. Denmark DK: GDP: Real: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data is updated yearly, averaging 15,649.132 DKK mn from Dec 1966 (Median) to 2023, with 58 observations. The data reached an all-time high of 21,596.529 DKK mn in 2014 and a record low of 6,357.863 DKK mn in 1970. Denmark DK: GDP: Real: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing 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: Real. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;Note: Data for OECD countries are based on ISIC, revision 4.

Denmark DK: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 12.807 % in 2017. This records a decrease from the previous number of 13.270 % for 2016. Denmark DK: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 14.637 % from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 16.880 % in 1970 and a record low of 10.934 % in 2010. Denmark DK: GDP: % of GDP: Gross Value Added: Industry: Manufacturing 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: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Denmark DK: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing data was reported at 246,988.000 DKK mn in 2017. This records an increase from the previous number of 242,545.000 DKK mn for 2016. Denmark DK: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing data is updated yearly, averaging 176,037.000 DKK mn from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 246,988.000 DKK mn in 2017 and a record low of 115,155.000 DKK mn in 1970. Denmark DK: GDP: Real: Gross Value Added at Factor Cost: Industry: Manufacturing 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: Gross Domestic Product: Real. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.

Denmark DK: GDP: Gross Value Added at Factor Cost: Services data was reported at 1,352,599.000 DKK mn in 2016. This records an increase from the previous number of 1,344,162.000 DKK mn for 2015. Denmark DK: GDP: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 585,615.000 DKK mn from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 1,352,599.000 DKK mn in 2016 and a record low of 72,725.000 DKK mn in 1970. Denmark DK: GDP: Gross Value Added at Factor Cost: 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: Gross Domestic Product: Nominal. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ; Note: Data for OECD countries are based on ISIC, revision 4.