2026.06.3006:33:58UTC+00Danish GDP Growth Revised Lower in Q1

The Danish economy grew by 1.5% quarter-on-quarter in the first quarter of 2026, below the initial estimate of 1.9% but up from a 0.5% expansion in the previous quarter. Despite the downward revision, growth remained broad-based: alongside pharmaceuticals, sectors such as trade and transportation also made solid contributions. A key driver was stronger net trade, with exports rising 1.9% (compared with 0.1% in Q4) while imports declined 1.5% (versus an increase of 0.5% in Q4).

Household consumption grew 0.6%, matching the previous quarter, supported by higher vehicle purchases and increased spending on clothing, footwear, and transport services. In contrast, government consumption fell sharply by 4.3% (after a 5.0% drop previously), and fixed investment contracted by 3.8% (after a 1.6% decline), weighed down mainly by weaker construction and civil engineering activity.

Year-on-year, the economy expanded by 6.2%, the fastest pace since the fourth quarter of 2021, exceeding both the initial estimate of 5.9% and the upwardly revised 3.2% growth recorded in Q4.