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Denmark GDP Growth Rate (QoQ)

Denmark's GDP grew by 1% quarter-over-quarter in Q2 2025. This follows a contraction of 1.3% in Q1 2025. The recovery was led by pharmaceuticals, public production and business services. Net external demand was positive as exports exceeded imports. Government spending and fixed investments including construction and machinery, also increased. Household spending showed a slowdown. Denmark's record low GDP growth rate (QoQ) was -5.9% in Q2 2020 and record high was 6% in Q3 2020.

Quarterly Historical Data (1991-2025)

(in %)
Quarter GDP Growth Rate (QoQ)
Q2 2025 1%
Q1 2025 -1.3%
Q4 2024 1.6%
Q3 2024 1.1%
Q2 2024 1.4%
Q1 2024 0%
Q4 2023 1.1%
Q3 2023 1.6%
Q2 2023 0%
Q1 2023 2%
Q4 2022 -1.1%
Q3 2022 0.6%
Q2 2022 0%
Q1 2022 -2.5%
Q4 2021 2.6%
Q3 2021 2.4%
Q2 2021 4.1%
Q1 2021 0.9%
Q4 2020 0%
Q3 2020 6%
Q2 2020 -5.9%
Q1 2020 -0.8%
Q4 2019 0.4%
Q3 2019 0.3%
Q2 2019 0.9%
Q1 2019 0.4%
Q4 2018 0.2%
Q3 2018 0.5%
Q2 2018 0%
Q1 2018 0.8%
Q4 2017 0.8%
Q3 2017 -0.2%
Q2 2017 1.2%
Q1 2017 1%
Q4 2016 0.5%
Q3 2016 0.8%
Q2 2016 1.1%
Q1 2016 1.2%
Q4 2015 0.3%
Q3 2015 0.1%
Q2 2015 0.7%
Q1 2015 0.8%
Q4 2014 -0.1%
Q3 2014 1.5%
Q2 2014 0.1%
Q1 2014 0%
Q4 2013 0%
Q3 2013 0.8%
Q2 2013 0.2%
Q1 2013 0.7%
Q4 2012 0%
Q3 2012 0.2%
Q2 2012 0%
Q1 2012 -0.2%
Q4 2011 0.8%
Q3 2011 -1.3%
Q2 2011 0.9%
Q1 2011 0.7%
Q4 2010 -0.6%
Q3 2010 1.4%
Q2 2010 0.4%
Q1 2010 0.9%
Q4 2009 0.2%
Q3 2009 0.3%
Q2 2009 -1.8%
Q1 2009 -2%
Q4 2008 -1.9%
Q3 2008 -0.5%
Q2 2008 -0.9%
Q1 2008 -0.4%
Q4 2007 1.1%
Q3 2007 1.7%
Q2 2007 -1.1%
Q1 2007 0.4%
Q4 2006 -0.1%
Q3 2006 -0.7%
Q2 2006 3%
Q1 2006 1%
Q4 2005 0.5%
Q3 2005 -0.1%
Q2 2005 2.1%
Q1 2005 -0.4%
Q4 2004 1.1%
Q3 2004 0.2%
Q2 2004 0.7%
Q1 2004 0.4%
Q4 2003 1.9%
Q3 2003 0.3%
Q2 2003 -0.8%
Q1 2003 0.3%
Q4 2002 -0.2%
Q3 2002 0.4%
Q2 2002 0.2%
Q1 2002 -0.7%
Q4 2001 0.5%
Q3 2001 0.7%
Q2 2001 0.7%
Q1 2001 -1.6%
Q4 2000 1.6%
Q3 2000 0.2%
Q2 2000 1.1%
Q1 2000 0.7%
Q4 1999 1.8%
Q3 1999 0.4%
Q2 1999 0.4%
Q1 1999 0.8%
Q4 1998 0.7%
Q3 1998 1.7%
Q2 1998 -0.8%
Q1 1998 1.5%
Q4 1997 0.3%
Q3 1997 -0.4%
Q2 1997 1.6%
Q1 1997 1.4%
Q4 1996 0%
Q3 1996 0.2%
Q2 1996 2.6%
Q1 1996 0.3%
Q4 1995 0.7%
Q3 1995 0.4%
Q2 1995 -0.4%
Q1 1995 1.1%
Q4 1994 1.7%
Q3 1994 0.4%
Q2 1994 1.7%
Q1 1994 2.5%
Q4 1993 0.7%
Q3 1993 0.9%
Q2 1993 -0.5%
Q1 1993 -1%
Q4 1992 -0.5%
Q3 1992 2.5%
Q2 1992 -1%
Q1 1992 1.9%
Q4 1991 -1.1%
Q3 1991 1%
Q2 1991 0%
Q1 1991 0%

Recent Events

datetime event actual previous consensus
2025-09-30 02:00 AM GDP Growth Rate QoQ Final (Q2) 1% -1.3% 1.3%
2025-08-20 02:00 AM GDP Growth Rate QoQ Prel (Q2) 1.3% -1.3% -
Denmark GDP Growth Rate (QoQ) : Definition
Denmark's quarter-over-quarter GDP growth rate shows the percentage change in the total economic output of goods and services produced in the country. It is calculated by comparing the current quarter's GDP value, measured in Danish Kroner (DKK), to the preceding quarter's value. This growth rate reflects changes in key components like household consumption, investment, government spending and net exports.
Indicator Last Value Prior Value Period
GDP $429.46B $407.09B 2024
GDP Annual Growth Rate 3.68% 2.5% 2024
GDP Growth Rate (YoY) 1.6% 2.5% Jun'25
GDP per Capita $63,229.95 $61,295.98 2024
GDP per Capita PPP $73,709 $71,454.52 2024
R&D Expenditure (% GDP) 2.89% 2.76% 2022
Real GDP $377.92B $364.52B 2024