In the third quarter of 2025, Denmark’s economy experienced a notable expansion of 2.2% on a quarter-to-quarter basis. While this figure fell slightly short of initial estimates by 0.1 percentage points, it represents a significant acceleration from the upwardly revised growth of 1.3% recorded in the previous quarter.
This growth marks the most vigorous performance since the end of 2021, largely fueled by a robust showing in the pharmaceutical sector. The gains didn’t stop there; the information and communication industry, along with public administration and services, also played pivotal roles in bolstering the nation’s gross domestic product (GDP).
Further enhancing the economic landscape, net external demand turned favorable, with exports rising by 3.5%, although slightly down from the 4% surge seen in the second quarter. In contrast, imports decreased by 0.1%, a stark contrast to the previous quarter’s 2.7% increase.
Consumer and government spending demonstrated resilience as well, with government expenditures climbing to 1%—up from 0.5%—and household spending also rising modestly to 0.3%, compared to 0.2% in the prior quarter. Meanwhile, fixed investments saw a noteworthy rebound, gaining 0.8% after a 0.2% decline, driven by recoveries in housing (2.9% compared to a 1.5% drop) and intellectual property rights (2.5% versus a previous decline of 2.8%).
On an annual basis, Denmark’s GDP increased by 4% in the third quarter, the strongest performance in three quarters, following a 2% rise in the preceding period. This upward trend reflects a steadily revitalizing economy, showcasing resilience amid global challenges.
