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Macro - Country Economic Forecasts - Denmark

Publisher Oxford Economics
Published Dec 18, 2025
Length 8 Pages
SKU # OFE20686084

Description

We have lowered our 2026 GDP growth forecast for Denmark by 0.5ppts to 0.6%. A surge in pharmaceutical exports in Q3 2025 that boosted GDP growth will be largely reversed in Q4, which reflexively lowers our 2026 growth forecast. Still, we maintain our call that the non-pharma domestic economy will significantly outperform headline GDP growth next year.

Table of Contents

8 Pages
Denmark: Non-pharma economy to outperform in 2026
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy and politics

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