Source: world bank Nominal/PPP
Summary:
Denmark GDP Per Capita expanded from 1960 to 2024, increasing from $6.36 to $424.53 .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.
Denmark Economic Phases (1960 - 2024)
From 1960 to 2024, Denmark economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1967) indicating robust economic expansion
- High Growth (1969–1979) indicating robust economic expansion
- High Growth (1985–1988) indicating robust economic expansion
- High Growth (1994–1995) indicating robust economic expansion
- Expansion (1998–1999) indicating steady moderate growth
- High Growth (2002–2008) indicating robust economic expansion
- Contraction (2009–2010) indicating temporary slowdown
- High Growth (2017–2018) indicating robust economic expansion
- Expansion (2023–2024) indicating steady moderate growth
The most remarkable growth occurred in 1986 with an increase of 40.505%, while the largest decline was in 2015 at -14.475%.