Gross domestic product (GDP), annual growth rate in Denmark
Denmark: Gross domestic product (GDP), annual growth rate was -0.3723 % change on previous year in 2023. ◆ Volatile
Latest (2023)
-0.3723 % change on previous year
Change on year
down 111.4%
World rank
145th
of 184 countries
All-time high
8.1 % change on previous year
in 1964
All-time low
-3.84 % change on previous year
in 2009
Years of data
73
1951–2023
Gross domestic product (GDP), annual growth rate in Denmark, 1951–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gross domestic product (gdp), annual growth rate in Denmark stood at -0.3723 % change on previous year.
The figure is down 111.4% on the previous year and up 76.1% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Denmark peaked at 8.1 % change on previous year in 1964 and was at its lowest, -3.84 % change on previous year, in 2009.
Denmark ranks 145th of 184 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Denmark, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | -1.71 % change on previous year | — |
| 1952 | 2.15 % change on previous year | -225.6% |
| 1953 | 6.26 % change on previous year | +191.6% |
| 1954 | 3.36 % change on previous year | -46.3% |
| 1955 | -0.318 % change on previous year | -109.5% |
| 1956 | 2.03 % change on previous year | -738.9% |
| 1957 | 4.95 % change on previous year | +143.9% |
| 1958 | 1.98 % change on previous year | -60.1% |
| 1959 | 8.01 % change on previous year | +304.5% |
| 1960 | 6.07 % change on previous year | -24.2% |
| 1961 | 6.37 % change on previous year | +5.0% |
| 1962 | 4.82 % change on previous year | -24.3% |
| 1963 | 1.61 % change on previous year | -66.6% |
| 1964 | 8.1 % change on previous year | +403.5% |
| 1965 | 4.33 % change on previous year | -46.6% |
| 1966 | 2.7 % change on previous year | -37.7% |
| 1967 | 5.43 % change on previous year | +101.3% |
| 1968 | 5.68 % change on previous year | +4.6% |
| 1969 | 6.37 % change on previous year | +12.0% |
| 1970 | 1.31 % change on previous year | -79.4% |
| 1971 | 2.97 % change on previous year | +126.1% |
| 1972 | 4 % change on previous year | +34.5% |
| 1973 | 4.42 % change on previous year | +10.5% |
| 1974 | -1.33 % change on previous year | -130.0% |
| 1975 | -1.37 % change on previous year | +3.3% |
| 1976 | 5.52 % change on previous year | -502.6% |
| 1977 | 2.6 % change on previous year | -53.0% |
| 1978 | 3 % change on previous year | +15.6% |
| 1979 | 4.11 % change on previous year | +36.9% |
| 1980 | 0.2648 % change on previous year | -93.6% |
| 1981 | -3.58 % change on previous year | -1450.8% |
| 1982 | 1.63 % change on previous year | -145.5% |
| 1983 | 0.7628 % change on previous year | -53.1% |
| 1984 | 2.01 % change on previous year | +163.9% |
| 1985 | 1.52 % change on previous year | -24.3% |
| 1986 | 7.77 % change on previous year | +410.0% |
| 1987 | 3.13 % change on previous year | -59.8% |
| 1988 | 0.8367 % change on previous year | -73.2% |
| 1989 | 1.16 % change on previous year | +38.4% |
| 1990 | 3.31 % change on previous year | +185.8% |
| 1991 | 0.9892 % change on previous year | -70.1% |
| 1992 | 4.39 % change on previous year | +344.1% |
| 1993 | -0.2377 % change on previous year | -105.4% |
| 1994 | 4.87 % change on previous year | -2150.5% |
| 1995 | 3.7 % change on previous year | -24.1% |
| 1996 | 3.72 % change on previous year | +0.4% |
| 1997 | 4.76 % change on previous year | +28.0% |
| 1998 | 3.27 % change on previous year | -31.4% |
| 1999 | 4.48 % change on previous year | +37.2% |
| 2000 | 5.95 % change on previous year | +32.9% |
| 2001 | 0.4028 % change on previous year | -93.2% |
| 2002 | 0.932 % change on previous year | +131.4% |
| 2003 | -0.708 % change on previous year | -176.0% |
| 2004 | 4.34 % change on previous year | -713.1% |
| 2005 | 5.33 % change on previous year | +22.8% |
| 2006 | 3.21 % change on previous year | -39.7% |
| 2007 | 3 % change on previous year | -6.5% |
| 2008 | 6.15 % change on previous year | +104.9% |
| 2009 | -3.84 % change on previous year | -162.4% |
| 2010 | 5.61 % change on previous year | -246.3% |
| 2011 | 4.42 % change on previous year | -21.3% |
| 2012 | -0.8215 % change on previous year | -118.6% |
| 2013 | -1.56 % change on previous year | +89.6% |
| 2014 | -0.0473 % change on previous year | -97.0% |
| 2015 | -0.8227 % change on previous year | +1641.1% |
| 2016 | 3.7 % change on previous year | -549.8% |
| 2017 | 5.19 % change on previous year | +40.1% |
| 2018 | 1.29 % change on previous year | -75.1% |
| 2019 | 5.94 % change on previous year | +360.3% |
| 2020 | 0.5363 % change on previous year | -91.0% |
| 2021 | 7.18 % change on previous year | +1239.8% |
| 2022 | 3.27 % change on previous year | -54.5% |
| 2023 | -0.3723 % change on previous year | -111.4% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Denmark changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +2150.5% | -0.2377 % change on previous year | 4.87 % change on previous year |
| 2015 | -1641.1% | -0.0473 % change on previous year | -0.8227 % change on previous year |
| 1981 | -1450.8% | 0.2648 % change on previous year | -3.58 % change on previous year |
| 2021 | +1239.8% | 0.5363 % change on previous year | 7.18 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 2.97 % change on previous year | -1.71 % change on previous year | 8.01 % change on previous year | 9 |
| 1960s | 5.15 % change on previous year | 1.61 % change on previous year | 8.1 % change on previous year | 10 |
| 1970s | 2.52 % change on previous year | -1.37 % change on previous year | 5.52 % change on previous year | 10 |
| 1980s | 1.55 % change on previous year | -3.58 % change on previous year | 7.77 % change on previous year | 10 |
| 1990s | 3.33 % change on previous year | -0.2377 % change on previous year | 4.87 % change on previous year | 10 |
| 2000s | 2.48 % change on previous year | -3.84 % change on previous year | 6.15 % change on previous year | 10 |
| 2010s | 2.29 % change on previous year | -1.56 % change on previous year | 5.94 % change on previous year | 10 |
| 2020s | 2.66 % change on previous year | -0.3723 % change on previous year | 7.18 % change on previous year | 4 |
Countries ranked near Denmark
- 142 Bosnia and Herzegovina -0.2111 % change on previous year compare
- 143 Germany -0.2313 % change on previous year compare
- 144 Switzerland -0.2523 % change on previous year compare
- 146 Jamaica -0.4885 % change on previous year compare
- 147 Poland -0.5289 % change on previous year compare
- 148 Peru -0.6187 % change on previous year compare
More economy & growth data for Denmark
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9574 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30.70 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0723 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5,136 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 18.24 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 121.54 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.043 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 3,052 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 17.85 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Denmark?
- Gross domestic product (gdp), annual growth rate in Denmark was -0.3723 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Denmark?
- The highest recorded value was 8.1 % change on previous year in 1964.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Denmark?
- The lowest recorded value was -3.84 % change on previous year in 2009.
- How does Denmark rank for gross domestic product (gdp), annual growth rate?
- Denmark ranks 145th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Denmark?
- Over the last ten years it is up 76.1%. The long-run trend across the full record is volatile.
- Where does this Denmark data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 73 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.