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.

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.

Across the United States, the United Kingdom, Germany, and the European Union, gross domestic products (GDP) decreased in 2020 as a result of the COVID-19 pandemic. However, by 2021, growth rates were positive in all four areas again. The United Kingdom, Germany, and the European Union all experiencing slow economic growth in 2023 amid high inflation, with Germany even seeing an economic recession. GDP and its components GDP refers to the total market value of all goods and services that are produced within a country per year. It is composed of government spending, consumption, business investments and net exports. It is an important indicator to measure the economic strength of a country. Economists rely on a variety of factors when predicting the future performance of the GDP. Inflation rate is one of the economic indicators providing insight into the future behavior of households, which make up a significant proportion of GDP. Projections are based on the past performance of such information. Future considerations Some factors can be more easily predicted than others. For example, projections of the annual inflation rate of the United States are easy to come by. However, the intensity and impact of something like Brexit is difficult to predict. Moreover, the occurrence and impact of events such as the COVID-19 pandemic and Russia's war in Ukraine is difficult to foresee. Hence, actual GDP growth may be higher or lower than the original estimates.

Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Conservative Scenario data was reported at 1.520 % in 2026. This records an increase from the previous number of 1.453 % for 2025. Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Conservative Scenario data is updated yearly, averaging 1.453 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 3.851 % in 2021 and a record low of -3.000 % in 2020. Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Conservative Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation.

A tabular summary of British Columbia's Fall 2020 Economic & Fiscal Update (Q2) - Fiscal Plan Update 2020/21 - 2022/23, 2020/21 Economic Outlook and Financial Forecast & Three Month Results July - September 2020

This statistic shows a forecast for the real GDP growth of Canadian metropolitan areas from 2017 to 2020. Vancouver's GDP is expected to grow by *** percent from 2017 to 2020.

Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Baseline Scenario data was reported at 3.679 % in 2026. This records an increase from the previous number of 3.458 % for 2025. Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Baseline Scenario data is updated yearly, averaging 3.933 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 15.800 % in 2022 and a record low of 0.900 % in 2020. Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Baseline Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation.

Italy Ref. Year = 2020: GDP: Volume: Imports of Goods and Services data was reported at 558.215 EUR bn in 2026. This records an increase from the previous number of 543.934 EUR bn for 2025. Italy Ref. Year = 2020: GDP: Volume: Imports of Goods and Services data is updated yearly, averaging 241.242 EUR bn from Dec 1960 (Median) to 2026, with 67 observations. The data reached an all-time high of 558.215 EUR bn in 2026 and a record low of 30.282 EUR bn in 1960. Italy Ref. Year = 2020: GDP: Volume: 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 Italy – Table IT.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Annual.

In 2020, global gross domestic product declined by 6.7 percent as a result of the coronavirus (COVID-19) pandemic outbreak. In Latin America, overall GDP loss amounted to 8.5 percent.

The Gross Domestic Product (GDP) in the United States was worth 29184.89 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United States represents 27.49 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, Canada's gross domestic product (GDP) might recover by 4.5 percent compared to the previous year. Similarly, an increase of around one percent has been projected for 2023.

A tabular summary of British Columbia's Fall 2020 Economic & Fiscal Update (Q2) - Fiscal Plan Update 2020/21 - 2022/23, 2020/21 Economic Outlook and Financial Forecast & Three Month Results July - September 2020

The Gross Domestic Product (GDP) in South Korea was worth 1712.79 billion US dollars in 2023, according to official data from the World Bank. The GDP value of South Korea represents 1.62 percent of the world economy. This dataset provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Cuba was worth 107.35 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Cuba represents 0.10 percent of the world economy. This dataset provides - Cuba GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Bolivia: Economic growth forecast: The latest value from 2026 is 0.9 percent, a decline from 1.14 percent in 2025. In comparison, the world average is 3.36 percent, based on data from 182 countries. Historically, the average for Bolivia from 1980 to 2026 is 2.73 percent. The minimum value, -8.74 percent, was reached in 2020 while the maximum of 6.8 percent was recorded in 2013.

Estonia Ref. Year = 2020: GDP: Volume: Gross Capital Formation data was reported at 9.188 EUR bn in Dec 2026. This records an increase from the previous number of 8.975 EUR bn for Sep 2026. Estonia Ref. Year = 2020: GDP: Volume: Gross Capital Formation data is updated quarterly, averaging 6.376 EUR bn from Mar 1995 (Median) to Dec 2026, with 128 observations. The data reached an all-time high of 11.336 EUR bn in Dec 2020 and a record low of 1.493 EUR bn in Sep 1995. Estonia Ref. Year = 2020: GDP: Volume: Gross Capital Formation 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 Estonia – Table EE.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Quarterly.

The Gross Domestic Product (GDP) in Iran was worth 436.91 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Iran represents 0.41 percent of the world economy. This dataset provides - Iran GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Romania GDP: Deflator: Gross Capital Formation data was reported at 1.634 Index, 2020 in 2026. This records an increase from the previous number of 1.582 Index, 2020 for 2025. Romania GDP: Deflator: Gross Capital Formation data is updated yearly, averaging 0.716 Index, 2020 from Dec 1995 (Median) to 2026, with 32 observations. The data reached an all-time high of 1.634 Index, 2020 in 2026 and a record low of 0.003 Index, 2020 in 1995. Romania GDP: Deflator: Gross Capital Formation 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 Romania – Table RO.OECD.EO: GDP: Deflator: Forecast: Non OECD Member: Annual. PITISK - Gross capital formation, deflatorIndex, national reference year

Romania GDP: Deflator data was reported at 1.575 Index, 2020 in 2026. This records an increase from the previous number of 1.529 Index, 2020 for 2025. Romania GDP: Deflator data is updated yearly, averaging 0.699 Index, 2020 from Dec 1995 (Median) to 2026, with 32 observations. The data reached an all-time high of 1.575 Index, 2020 in 2026 and a record low of 0.014 Index, 2020 in 1995. Romania 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 Romania – Table RO.OECD.EO: GDP: Deflator: Forecast: Non OECD Member: Annual. None