logo
Plus   Neg
Share
Email

Denmark's GDP Growth Rev Down

Denmark's economy grew less than initially estimated in the fourth quarter, revised data from Statistics Denmark showed on Friday.

Gross domestic product grew by a seasonally adjusted 0.2 percent from the third quarter, when the economy expanded 0.5 percent. The fourth quarter growth was lowered from 0.3 percent.

On a yearly basis, the economy grew 1.8 percent in the fourth quarter.

The expenditure-side breakdown of GDP showed that household and government spending increased 1.3 percent and 0.9 percent, respectively. At the same time, gross fixed capital formation gained 0.5 percent.

Further, exports fell 0.5 percent and imports edged up 0.1 percent.

In 2019, the economy grew 2.2 percent driven by higher exports.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT