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 (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.

The Gross Domestic Product (GDP) in Denmark contracted 1.30 percent in the first 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.

The growth of the real gross domestic product (GDP) in Denmark was estimated at approximately 3.68 percent in 2024. Between 1980 and 2024, the growth rose by around 4.42 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The growth is forecast to decline by about 2.23 percentage points from 2024 to 2030, fluctuating as it trends downward.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.

The gross domestic product (GDP) per capita in Denmark was estimated at about 72.04 thousand U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by approximately 58.22 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by around 16.97 thousand U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.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 rates and then divided by the total population. The gross domestic product 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).

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.

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.

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.

Denmark GDP for 2023 was 407.09 billion US dollars, a 1.28% increase from 2022.

<ul style='margin-top:20px;'>

<li>Denmark GDP for 2022 was <strong>401.95 billion US dollars</strong>, a <strong>1.58% decline</strong> from 2021.</li>
<li>Denmark GDP for 2021 was <strong>408.38 billion US dollars</strong>, a <strong>14.83% increase</strong> from 2020.</li>
<li>Denmark GDP for 2020 was <strong>355.63 billion US dollars</strong>, a <strong>2.96% increase</strong> from 2019.</li>
</ul>GDP at purchaser's prices 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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Full Year GDP Growth in Denmark increased to 3.60 percent in 2024 from 2.50 percent in 2023. This dataset includes a chart with historical data for Denmark Full Year GDP Growth.

Graph and download economic data for Gross Domestic Product for Denmark (MKTGDPDKA646NWDB) from 1960 to 2024 about Denmark and GDP.

Graph and download economic data for Gross Domestic Product Per Capita for Denmark (PCAGDPDKA646NWDB) from 1960 to 2024 about Denmark, per capita, and GDP.

In 2024, the ratio of government expenditure to GDP in Denmark was estimated at about 46.46 percent. Between 1980 and 2024, the figure dropped by approximately 6.26 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the ratio will rise by around 2.97 percentage points, showing an overall upward trend with periodic ups and downs.Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

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.

In 2024, the ratio of national debt to gross domestic product (GDP) of Denmark was estimated at approximately 27.99 percent. Between 1992 and 2024, the figure dropped by around 38.76 percentage points, though the decline followed an uneven course rather than a steady trajectory. The ratio is forecast to decline by about 2.55 percentage points from 2024 to 2030, fluctuating as it trends downward.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Key information about Denmark Tax revenue: % of GDP

• Denmark Tax revenue: % of GDP was reported at 43.0 % in Sep 2024.
• This records a decrease from the previous number of 45.1 % for Jun 2024.
• Denmark Tax revenue: % of GDP data is updated quarterly, averaging 46.2 % from Mar 1999 to Sep 2024, with 103 observations.
• The data reached an all-time high of 52.2 % in Mar 2021 and a record low of 40.5 % in Dec 2022.
• Denmark Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from quarterly Tax Revenue and quarterly Nominal GDP. Tax Revenue is calculated as the sum of Taxes on Production and Imports, Current Taxes on Income and Wealth and Capital Taxes. Statistics Denmark provides Tax Revenue in local currency and Nominal GDP in local currency.

Key information about Denmark Nominal GDP Growth

• Denmark Nominal GDP Growth was reported at 9.999 % in Dec 2024.
• This records an increase from the previous number of 8.062 % for Sep 2024.
• Denmark Nominal GDP Growth data is updated quarterly, averaging 3.455 % from Mar 1991 to Dec 2024, with 136 observations.
• The data reached an all-time high of 14.271 % in Jun 2021 and a record low of -5.870 % in Jun 2009.
• Denmark Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Statistics Denmark provides Nominal GDP in local currency.

Key information about Denmark Private Consumption: % of GDP

• Denmark Private Consumption accounted for 44.3 % of its Nominal GDP in Dec 2024, compared with a ratio of 43.4 % in the previous quarter.
• Denmark Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1990 to Dec 2024, with an average share of 48.0 %.
• The data reached an all-time high of 51.7 % in Dec 1993 and a record low of 42.0 % in Sep 2022.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Statistics Denmark provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Denmark Private Consumption: % of GDP

• In the latest reports, Denmark GDP expanded 1.7 % YoY in Mar 2023.
• Its Nominal GDP reached 102.0 USD bn in Mar 2023.
• Denmark GDP Per Capita reached 67,743.6 USD in Dec 2022.
• Its Gross Savings Rate was measured at 34.9 % in Dec 2024.

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.

Denmark: Value added in the agricultural sector as percent of GDP: The latest value from 2024 is 0.74 percent, a decline from 0.76 percent in 2023. In comparison, the world average is 9.68 percent, based on data from 151 countries. Historically, the average for Denmark from 1966 to 2024 is 2.84 percent. The minimum value, 0.74 percent, was reached in 2024 while the maximum of 6.69 percent was recorded in 1966.