Nice street in Denmark

Denmark GDP Q4 2021

Denmark: Growth remains robust in Q4

Economic activity fared well in the final quarter of 2021, according to a preliminary release. The economy continued to expand, with GDP growing 1.1% in seasonally-adjusted quarter-on-quarter terms, matching the expansion recorded the previous quarter. Meanwhile, on an annual basis, growth accelerated to 3.9% in Q4, up from the previous period’s 3.6% increase. As a result, a preliminary estimate reveals the economy expanded 3.9% in 2021 as a whole.

The quarterly result was largely due to growth in the industrial sector. Moreover, government spending growth also contributed to the reading, bolstered by spending on the health care system and in response to Covid-19. Furthermore, private consumption likely expanded robustly in Q4, as the employment indicator pointed to a 1.2% increase in total employment in the quarter.

A more detailed release will be published on 28 February.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen