Denmark Gross Domestic Product (GDP) by Year (1961–2023)

Denmark Gross Domestic Product (GDP) by Year (1961–2023)

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TGM StatBox. (2024). Denmark Gross Domestic Product (GDP) by Year (1961–2023). TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: Denmark
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
Denmark’s GDP reflects its evolution into a high-income, knowledge-based economy. Starting at $7 billion in 1961, GDP surged in the 1970s, reaching $70.3 billion in 1979, driven by industrialization and oil exploration in the North Sea. Economic challenges in the 1980s caused temporary stagnation, but reforms and globalization reignited growth, with GDP exceeding $200 billion by 2003.

The 2008 financial crisis impacted growth, yet Denmark’s focus on renewable energy and exports fostered recovery. By 2023, GDP reached $404.2 billion, emphasizing Denmark’s resilience and innovative economic strategies.

Find out more through related statistics on Denmark’s public debt ratio, Denmark’s export figures, Denmark’s unemployment rate.

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