Danemark Croissance Du Pib

Denmark’s economy contracted by 1.3% quarter-on-quarter in the first quarter of 2025, lower than the preliminary estimate of 0.5% decline, following a 1.6% growth in the previous period. This marked the first quarter of decline since the fourth quarter of 2022, primarily driven by the decline in the pharmaceutical industry. Fixed investments fell sharply (-13.2% vs 12.8%), weighed down by lower investment in machinery and transport equipment (-5.8% vs 4.0%) and intellectual rights (-5.8% vs 4.0%). Moreover, government spending dropped (-1.9% VS 0.8%), while household consumption growth slowed (0.5% vs 0.6%), partly due to a fall in vehicle purchases (-0.3% vs 3.2%). Meanwhile, net external demand contributed positively, as imports (-6.5% vs 4.6% in Q4 2024) decreased more than exports (-4.1% vs 1.6%). On an annual basis, the GDP expanded by 2.3% in the 2nd quarter of 2025, from a previous estimate of 3.6%, following a downwardly revised 4.2% rise in the preceding quarter.