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%.
Denmark GDP from 1980 to 2024
The total market value of goods and services produced annually in Denmark.
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.
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 | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -0.484 % | $ 71B 127M | $ 60B 801M | $ 13,886.37 | $ 11,870.40 | 19.50 % | 5M 122K people | -3.359 % | -2.311 % |
1981 | -0.658 % | $ 61B 878M | $ 66B 114M | $ 12,076.17 | $ 12,903.10 | 16.25 % | 5M 124K people | -3.03 % | -4.278 % |
1982 | 3.678 % | $ 60B 413M | $ 72B 783M | $ 11,801.27 | $ 14,217.80 | 17.38 % | 5M 119K people | -3.739 % | -6.245 % |
1983 | 2.594 % | $ 60B 645M | $ 77B 595M | $ 11,852.89 | $ 15,165.75 | 17.42 % | 5M 116K people | -2.278 % | -2.665 % |
1984 | 4.172 % | $ 59B 105M | $ 83B 749M | $ 11,561.77 | $ 16,382.48 | 19.63 % | 5M 112K people | -2.907 % | 1.931 % |
1985 | 4.005 % | $ 62B 658M | $ 89B 857M | $ 12,259.28 | $ 17,580.82 | 21.06 % | 5M 111K people | -4.416 % | 4.115 % |
1986 | 4.9 % | $ 88B 79M | $ 96B 159M | $ 17,215.43 | $ 18,794.67 | 22.91 % | 5M 116K people | -5.098 % | 7.907 % |
1987 | 0.254 % | $ 109B 414M | $ 98B 792M | $ 21,349.95 | $ 19,277.27 | 20.99 % | 5M 125K people | -2.743 % | 6.644 % |
1988 | -0.008 % | $ 115B 552M | $ 102B 268M | $ 22,528.11 | $ 19,938.17 | 21.06 % | 5M 129K people | -1.16 % | 4.687 % |
1989 | 0.642 % | $ 112B 410M | $ 106B 960M | $ 21,913.15 | $ 20,850.90 | 21.32 % | 5M 130K people | -0.994 % | 3.312 % |
1990 | 1.473 % | $ 138B 248M | $ 112B 597M | $ 26,920.58 | $ 21,925.69 | 20.80 % | 5M 135K people | 0.992 % | 2.618 % |
1991 | 1.397 % | $ 139B 226M | $ 118B 32M | $ 27,052.65 | $ 22,934.54 | 19.61 % | 5M 146K people | 1.425 % | 1.428 % |
1992 | 1.959 % | $ 152B 915M | $ 123B 87M | $ 29,622.47 | $ 23,844.27 | 18.94 % | 5M 162K people | 2.746 % | 0.641 % |
1993 | 0.008 % | $ 143B 195M | $ 126B 14M | $ 27,640.50 | $ 24,324.10 | 17.38 % | 5M 181K people | 3.374 % | -0.085 % |
1994 | 5.329 % | $ 156B 164M | $ 135B 564M | $ 30,050.88 | $ 26,086.77 | 18.73 % | 5M 197K people | 2.042 % | -0.237 % |
1995 | 3.029 % | $ 185B 8M | $ 142B 597M | $ 35,471.25 | $ 27,339.92 | 20.69 % | 5M 216K people | 1.003 % | 0.13 % |
1996 | 2.905 % | $ 187B 633M | $ 149B 426M | $ 35,732.69 | $ 28,456.60 | 20.06 % | 5M 251K people | 1.647 % | 0.689 % |
1997 | 3.26 % | $ 173B 539M | $ 156B 958M | $ 32,897.57 | $ 29,754.41 | 23.38 % | 5M 275K people | 1.313 % | 1.999 % |
1998 | 2.213 % | $ 176B 991M | $ 162B 235M | $ 33,426.97 | $ 30,640.10 | 22.51 % | 5M 295K people | -0.149 % | 2.615 % |
1999 | 2.948 % | $ 177B 964M | $ 169B 382M | $ 33,492.35 | $ 31,877.18 | 23.42 % | 5M 314K people | 2.529 % | 3.738 % |