Denmark’s Short-Term Economic Trends: Modest GDP Growth, Strong Capital Formation, Mixed Export Performance, and Stable Employment

1. Gross domestic product (GDP) grew by 0.6% in Q4/22 compared to the previous quarter (t-1).
2. Household consumption expenditure remained unchanged in Q4/22 compared to the previous quarter (t-1).
3. Government consumption decreased by 0.3% in Q4/22 compared to the previous quarter (t-1).
4. Gross capital formation, which represents investment in fixed assets, increased by 10.6% in Q4/22 compared to the previous quarter (t-1).
5. Imports of goods and services grew by 3.1% in Q4/22 compared to the previous quarter (t-1).
6. Exports of goods and services decreased by 1.0% in Q4/22 compared to the previous quarter (t-1).
7. Employment increased by 0.4% in Q4/22 compared to the previous quarter (t-1).
8. Jobs measured by Working Time Accounts (WTA) increased by 2.1% in Q4/22 compared to the same quarter of the previous year (t-4).
9. Average earnings in corporations and organizations increased by 2.9% in Q4/22 compared to the same quarter of the previous year (t-4).
10. Job vacancies decreased by 6.0% in Q4/22 compared to the same quarter of the previous year (t-4).
11. Registered unemployment rate increased by 0.3% in February 2023 compared to the previous month (t-12).
12. Retail trade index decreased by 0.3% in February 2023 compared to the previous month (t-1).
13. New registration of passenger cars increased by 4.6% in March 2023 compared to the same month of the previous year (t-12).
14. Consumer confidence indicator was -23.1 in March 2023, but no comparison to previous periods is provided.

https://www.dst.dk/en/Statistik/temaer/overblik-dansk-oekonomi/Konjunkturindikatorer