[ Nominal GDP in billions of USD ]
Year -
$424.53 billions
Denmark GDP expanded from 1960 to 2024, increasing from $6.36 billion to $424.53 billion.The compound annual growth rate (CAGR) averaged 6.78% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 16.86%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 424.53 Billions | $ 475.26 Int Billions |
| Growth (YoY) | 4.911% | 8.379% |
| Net Change vs Previous Year | $ 19.87 Billion | $ 36.74 Int Billion |
| % of World GDP | 0.38% | 0.24% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 6.36 | - | - | - | - | - |
| 1961 | 7.06 | 0.7 | 10.96 % | - | - | - |
| 1962 | 7.95 | 0.89 | 12.679 % | - | - | - |
| 1963 | 8.47 | 0.51 | 6.447 % | - | - | - |
| 1964 | 9.68 | 1.21 | 14.308 % | - | - | - |
| 1965 | 10.87 | 1.19 | 12.33 % | - | - | - |
| 1966 | 11.93 | 1.06 | 9.761 % | - | - | - |
| 1967 | 13.06 | 1.13 | 9.448 % | - | - | - |
| 1968 | 13.51 | 0.45 | 3.419 % | - | - | - |
| 1969 | 15.41 | 1.91 | 14.137 % | - | - | - |
| 1970 | 17.08 | 1.66 | 10.772 % | - | - | - |
| 1971 | 19.09 | 2.01 | 11.776 % | - | - | - |
| 1972 | 23.23 | 4.14 | 21.715 % | - | - | - |
| 1973 | 30.72 | 7.49 | 32.231 % | - | - | - |
| 1974 | 34.13 | 3.41 | 11.093 % | - | - | - |
| 1975 | 40.42 | 6.29 | 18.441 % | - | - | - |
| 1976 | 44.5 | 4.08 | 10.106 % | - | - | - |
| 1977 | 49.71 | 5.21 | 11.703 % | - | - | - |
| 1978 | 60.32 | 10.61 | 21.34 % | - | - | - |
| 1979 | 70.39 | 10.07 | 16.699 % | - | - | - |
| 1980 | 70.81 | 0.42 | 0.594 % | - | - | - |
| 1981 | 61.46 | -9.35 | -13.206 % | - | - | - |
| 1982 | 60.08 | -1.38 | -2.238 % | - | - | - |
| 1983 | 60.33 | 0.25 | 0.411 % | - | - | - |
| 1984 | 58.87 | -1.46 | -2.424 % | - | - | - |
| 1985 | 62.45 | 3.58 | 6.087 % | - | - | - |
| 1986 | 87.75 | 25.3 | 40.505 % | - | - | - |
| 1987 | 109.18 | 21.43 | 24.427 % | - | - | - |
| 1988 | 115.54 | 6.36 | 5.822 % | - | - | - |
| 1989 | 112.31 | -3.23 | -2.794 % | - | - | - |
| 1990 | 138.22 | 25.91 | 23.066 % | 93.71 | - | - |
| 1991 | 139.18 | 0.96 | 0.697 % | 98.21 | 4.51 | 4.812 % |
| 1992 | 152.97 | 13.79 | 9.904 % | 102.49 | 4.27 | 4.349 % |
| 1993 | 143.11 | -9.86 | -6.443 % | 104.83 | 2.34 | 2.286 % |
| 1994 | 156.02 | 12.91 | 9.019 % | 112.74 | 7.91 | 7.546 % |
| 1995 | 184.85 | 28.83 | 18.479 % | 118.6 | 5.86 | 5.195 % |
| 1996 | 187.48 | 2.63 | 1.424 % | 124.81 | 6.21 | 5.238 % |
| 1997 | 173.24 | -14.24 | -7.595 % | 131.5 | 6.69 | 5.359 % |
| 1998 | 176.88 | 3.64 | 2.099 % | 136.83 | 5.34 | 4.059 % |
| 1999 | 177.89 | 1.01 | 0.572 % | 141.79 | 4.95 | 3.618 % |
| 2000 | 164.04 | -13.84 | -7.782 % | 152.94 | 11.15 | 7.865 % |
| 2001 | 164.88 | 0.84 | 0.511 % | 157.88 | 4.94 | 3.233 % |
| 2002 | 178.79 | 13.91 | 8.434 % | 164.86 | 6.98 | 4.422 % |
| 2003 | 218.42 | 39.63 | 22.168 % | 166.4 | 1.53 | 0.93 % |
| 2004 | 251.99 | 33.57 | 15.367 % | 178.46 | 12.06 | 7.248 % |
| 2005 | 265.15 | 13.16 | 5.224 % | 185.55 | 7.1 | 3.976 % |
| 2006 | 283.39 | 18.24 | 6.878 % | 203.36 | 17.8 | 9.595 % |
| 2007 | 320.21 | 36.83 | 12.995 % | 213.61 | 10.25 | 5.04 % |
| 2008 | 354.98 | 34.77 | 10.857 % | 227.81 | 14.2 | 6.648 % |
| 2009 | 322.62 | -32.36 | -9.116 % | 223.7 | -4.1 | -1.801 % |
| 2010 | 322.35 | -0.27 | -0.085 % | 238.79 | 15.08 | 6.742 % |
| 2011 | 344.32 | 21.97 | 6.816 % | 247.58 | 8.79 | 3.682 % |
| 2012 | 326.79 | -17.52 | -5.089 % | 250.25 | 2.68 | 1.08 % |
| 2013 | 344.63 | 17.84 | 5.459 % | 263.17 | 12.92 | 5.161 % |
| 2014 | 352.83 | 8.2 | 2.38 % | 270.21 | 7.04 | 2.675 % |
| 2015 | 301.76 | -51.07 | -14.475 % | 277.98 | 7.77 | 2.877 % |
| 2016 | 312.18 | 10.42 | 3.454 % | 296.83 | 18.85 | 6.781 % |
| 2017 | 331.61 | 19.43 | 6.224 % | 318.64 | 21.81 | 7.347 % |
| 2018 | 355.29 | 23.68 | 7.142 % | 331.59 | 12.95 | 4.064 % |
| 2019 | 345.4 | -9.89 | -2.784 % | 352.33 | 20.73 | 6.253 % |
| 2020 | 355.63 | 10.23 | 2.962 % | 365.53 | 13.2 | 3.747 % |
| 2021 | 406.11 | 50.48 | 14.194 % | 408.3 | 42.78 | 11.703 % |
| 2022 | 400.11 | -6 | -1.476 % | 456.9 | 48.59 | 11.901 % |
| 2023 | 404.65 | 4.54 | 1.134 % | 438.51 | -18.38 | -4.024 % |
| 2024 | 424.53 | 19.87 | 4.911 % | 475.26 | 36.74 | 8.379 % |
Between 1960 to 2024, Denmark experienced the following economic phases:
The most remarkable growth occurred in 1986 with an increase of 40.505%, while the largest decline was in 2015 at -14.475%.