GDP per capita in Denmark
Denmark - GDP per capita (U.S. Dollars)
Economy grows in Q3, beating market expectations of a shallow recession
Economic activity fared well during the third quarter of 2022; GDP posted a 0.5% seasonally adjusted quarter-on-quarter expansion, according to a preliminary release. The result, which beat expectations of a 0.5% contraction, came in slightly below the prior quarter’s 0.9% growth. The reading came in above the Euro area’s 0.2% quarterly expansion. Meanwhile, growth softened marginally to 3.6% on an annual basis from the second quarter’s 3.9% increase.
While detailed information is not yet available, the quarterly growth rate was primarily driven by continued improvements in the industry and services sectors. Other economic sectors were largely unchanged, restraining overall growth. Lastly, the employment indicator posted a marginal 0.1% increase, which may have provided some support to spending amid elevated price pressures.
A more comprehensive release will be published on 30 November.
FocusEconomics Consensus Forecast panelists see the economy expanding 0.6% in 2023, which is down 0.4 percentage points from the previous month’s forecast, and 1.9% in 2024.
Denmark - GDP per capita (USD) Data
|GDP per capita (USD)||53,737||55,152||58,040||60,880||61,008|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||-0.15||-1.54 %||Jan 01|
|Exchange Rate||6.66||-0.57 %||Jan 01|
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November 15, 2022
Economic activity fared well during the third quarter of 2022; GDP posted a 0.5% seasonally adjusted quarter-on-quarter expansion, according to a preliminary release.
November 10, 2022
Inflation came in at 10.1% in October, up from September’s 10.0%.
November 7, 2022
Manufacturing output rose 1.3% month on month in seasonally-adjusted terms in September (August: +3.0% mom).
October 28, 2022
Business sentiment fell to minus 16.0 in October, down from September's minus 9.0.
October 21, 2022
Consumer sentiment plunged to a fresh record low of minus 37.0 in October, down from the prior month’s minus 32.1.