FX.co ★ Denmark Q3 GDP Nears 4-Year High

Denmark's economy experienced a notable acceleration in the third quarter of 2025, with a quarter-on-quarter growth of 2.3%, up from a revised increase of 1.2% in the previous quarter, as per preliminary estimates. This represents the most substantial growth since the last quarter of 2021, largely fueled by impressive advancements in the industrial sector, particularly led by the pharmaceutical industry. This sector's robust performance also bolstered net external demand, as exports increased by 4.1% compared to the second quarter's 3.8%, while imports slightly decreased by 0.2%, following a 2.5% rise previously. Furthermore, government expenditures grew by 0.9%, improving from a 0.4% rise, while fixed investments saw a slight uptick of 0.1% from stagnant figures previously. This increase was underpinned by rebounds in housing investments, which rose by 1.9% after a drop of 1.5%, and a modest 0.3% rise in investments in intellectual property, compared to a prior decrease of 2.5%. Household consumption maintained stability, showing a consistent growth of 0.1%. On an annual scale, GDP rose by 3.9%, marking the highest annual growth within the year, following an upward adjustment from a 2% gain in the preceding quarter.