Denmark's GDP changed from approximately $71B 127M in 1980 to $409B 989M in 2024, showing an overall 476.4% sharply increased during the period.
The lowest GDP was recorded in 1984 at $59B 105M, and the highest in 2024 at $409B 989M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.1%.
For comparison, the average annual growth rate of Sweden was 3.4%, and that of Norway was 4.9%.
Overview of Denmark's GDP (1980–2024)
The Gross Domestic Product (GDP) of Denmark recorded a 476.4% sharply increased from 1980 to 2024.
The average GDP during this period was $228B 164M, and the median was $187B 633M.
GDP fluctuated within a range of $350B 884M, with a standard deviation of $114B 292M.
The average annual change was $8B 475M.
Denmark GDP from 1980 to 2024
The total market value of goods and services produced annually in Denmark.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $59B 105M
- Highest GDP: 2024, $409B 989M
- Most Recent GDP: 2024, $409B 989M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Denmark's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $346B 499M → $354B 763M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $319B 424M → $321B 243M
- Outcome: remained stable
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $164B 158M → $164B 791M
- Outcome: remained stable
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $173B 539M → $176B 991M
- Outcome: increased
Key Economic Indicators of Denmark (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 71B 127M | $ 13,886.37 | $ 11,870.40 | $ 60B 801M | -0.484 % | -3.359 % | 19.50 % | -2.311 % | 5M 122K people |
1981 | $ 61B 878M | $ 12,076.17 | $ 12,903.10 | $ 66B 114M | -0.658 % | -3.03 % | 16.25 % | -4.278 % | 5M 124K people |
1982 | $ 60B 413M | $ 11,801.27 | $ 14,217.80 | $ 72B 783M | 3.678 % | -3.739 % | 17.38 % | -6.245 % | 5M 119K people |
1983 | $ 60B 645M | $ 11,852.89 | $ 15,165.75 | $ 77B 595M | 2.594 % | -2.278 % | 17.42 % | -2.665 % | 5M 116K people |
1984 | $ 59B 105M | $ 11,561.77 | $ 16,382.48 | $ 83B 749M | 4.172 % | -2.907 % | 19.63 % | 1.931 % | 5M 112K people |
1985 | $ 62B 658M | $ 12,259.28 | $ 17,580.82 | $ 89B 857M | 4.005 % | -4.416 % | 21.06 % | 4.115 % | 5M 111K people |
1986 | $ 88B 79M | $ 17,215.43 | $ 18,794.67 | $ 96B 159M | 4.9 % | -5.098 % | 22.91 % | 7.907 % | 5M 116K people |
1987 | $ 109B 414M | $ 21,349.95 | $ 19,277.27 | $ 98B 792M | 0.254 % | -2.743 % | 20.99 % | 6.644 % | 5M 125K people |
1988 | $ 115B 552M | $ 22,528.11 | $ 19,938.17 | $ 102B 268M | -0.008 % | -1.16 % | 21.06 % | 4.687 % | 5M 129K people |
1989 | $ 112B 410M | $ 21,913.15 | $ 20,850.90 | $ 106B 960M | 0.642 % | -0.994 % | 21.32 % | 3.312 % | 5M 130K people |
1990 | $ 138B 248M | $ 26,920.58 | $ 21,925.69 | $ 112B 597M | 1.473 % | 0.992 % | 20.80 % | 2.618 % | 5M 135K people |
1991 | $ 139B 226M | $ 27,052.65 | $ 22,934.54 | $ 118B 32M | 1.397 % | 1.425 % | 19.61 % | 1.428 % | 5M 146K people |
1992 | $ 152B 915M | $ 29,622.47 | $ 23,844.27 | $ 123B 87M | 1.959 % | 2.746 % | 18.94 % | 0.641 % | 5M 162K people |
1993 | $ 143B 195M | $ 27,640.50 | $ 24,324.10 | $ 126B 14M | 0.008 % | 3.374 % | 17.38 % | -0.085 % | 5M 181K people |
1994 | $ 156B 164M | $ 30,050.88 | $ 26,086.77 | $ 135B 564M | 5.329 % | 2.042 % | 18.73 % | -0.237 % | 5M 197K people |
1995 | $ 185B 8M | $ 35,471.25 | $ 27,339.92 | $ 142B 597M | 3.029 % | 1.003 % | 20.69 % | 0.13 % | 5M 216K people |
1996 | $ 187B 633M | $ 35,732.69 | $ 28,456.60 | $ 149B 426M | 2.905 % | 1.647 % | 20.06 % | 0.689 % | 5M 251K people |
1997 | $ 173B 539M | $ 32,897.57 | $ 29,754.41 | $ 156B 958M | 3.26 % | 1.313 % | 23.38 % | 1.999 % | 5M 275K people |
1998 | $ 176B 991M | $ 33,426.97 | $ 30,640.10 | $ 162B 235M | 2.213 % | -0.149 % | 22.51 % | 2.615 % | 5M 295K people |
1999 | $ 177B 964M | $ 33,492.35 | $ 31,877.18 | $ 169B 382M | 2.948 % | 2.529 % | 23.42 % | 3.738 % | 5M 314K people |