Denmark GDP 1Q2014

by Eduardo Petazze
Gross domestic product (GDP) grew 0.89% Q/Q (+1.45% Y/Y) in the 1Q2014
In the first quarter, employment rose by 0.3%. or 7,700 people
By 2014 it is estimated that GDP will grow not less than double the growth of 2013
Statistics Denmark release its estimate of the GDP for the 1st. Quarter 2014
Link: Press release pdf, 3 pages

Summary
Gross data
2013
2014
2005-prices, DKK million NSA
1,329,685 1,342,651 GVA
226,951
226,841 Taxes less subsidies on products
535
692 Residual
1,557,171 1,570,184
GDP
767,965
770,683 Final private consumption
436,376
438,373 Government consumption expenditure
288,428
296,384 Gross fixed capital formation
1,014
166 Changes in inventories
887,788
913,390 Exports of goods and services
821,738
848,141 Imports of goods and services
-2,662
-670 Residual
2013
2014
Y/Y
0.45%
0.98% GVA
0.09%
-0.05% Taxes less subsidies on products
0.40%
0.84%
GDP
0.04%
0.35% Final private consumption
0.84%
0.46% Government consumption expenditure
0.65%
2.76% Gross fixed capital formation
1.20%
2.88% Exports of goods and services
1.71%
3.21% Imports of goods and services
Last data
Own estimate

2013Q1
322,327
55,087
126
377,540
190,765
105,483
67,613
3,635
209,151
200,026
919
2013Q1
-0.64%
-0.72%
-0.65%
0.86%
0.45%
-0.75%
-1.15%
1.19%

2013Q2
334,457
56,796
150
391,403
192,988
108,162
72,856
982
221,258
204,356
-487
2013Q2
0.72%
1.24%
0.79%
0.77%
0.92%
0.70%
-0.27%
0.01%

2013Q3
333,384
55,016
232
388,632
187,121
109,038
72,964
836
230,502
211,383
-446
2013Q3
0.93%
0.63%
0.89%
0.28%
1.25%
4.53%
2.60%
4.39%

2013Q4
339,517
60,052
27
399,596
197,091
113,693
74,995
-4,439
226,877
205,973
-2,648
2013Q4
0.75%
-0.73%
0.53%
-1.66%
0.75%
-1.68%
3.52%
1.27%

2014Q1
327,587
55,243
175
383,005
191,045
106,941
70,688
2,982
218,325
208,096
1,120
2014Q1
1.63%
0.28%
1.45%
0.15%
1.38%
4.55%
4.39%
4.03%

2014Q2
337,343
56,656
184
394,183
193,468
108,862
74,713
1,093
227,588
211,657
116
2014Q2
0.86%
-0.25%
0.71%
0.25%
0.65%
2.55%
2.86%
3.57%

2014Q3
335,033
55,037
242
390,312
187,732
109,036
73,578
580
234,804
214,467
-951
2014Q3
0.49%
0.04%
0.43%
0.33%
-0.00%
0.84%
1.87%
1.46%

2014Q4
342,688
59,905
91
402,684
198,438
113,534
77,405
-4,490
232,672
213,920
-955
2014Q4
0.93%
-0.25%
0.77%
0.68%
-0.14%
3.21%
2.55%
3.86%

Seasonally adjusted data

2005-prices, DKK million SA
GVA
Taxes less subsidies on products
Residual
GDP
Final private consumption
Government consumption expenditure
Gross fixed capital formation
Changes in inventories
Exports of goods and services
Imports of goods and services
Residual
Q/Q
GVA
Taxes less subsidies on products
GDP
Final private consumption
Government consumption expenditure
Gross fixed capital formation
Exports of goods and services
Imports of goods and services
Last data
Own estimate

2012Q1
332,365
56,856
127
389,348
192,019
107,079
72,015
1,208
219,543
201,505
-1,011
2012Q1
0.32%
-0.67%
0.18%
-0.13%
0.76%
-0.53%
-0.38%
-0.34%

2012Q2
330,199
56,265
137
386,601
191,322
107,447
71,464
-544
221,895
203,207
-1,776
2012Q2
-0.65%
-1.04%
-0.71%
-0.36%
0.34%
-0.77%
1.07%
0.84%

2012Q3
331,311
56,373
140
387,824
191,422
108,398
70,591
-813
219,289
201,476
413
2012Q3
0.34%
0.19%
0.32%
0.05%
0.89%
-1.22%
-1.17%
-0.85%

2012Q4
329,907
57,260
86
387,253
192,899
109,796
72,486
-1,280
216,549
201,721
-1,476
2012Q4
-0.42%
1.57%
-0.15%
0.77%
1.29%
2.68%
-1.25%
0.12%

2013Q1
330,219
56,484
127
386,830
192,899
107,772
71,082
1,221
217,402
203,477
-69
2013Q1
0.09%
-1.36%
-0.11%
0.00%
-1.84%
-1.94%
0.39%
0.87%

2013Q2
332,796
56,948
127
389,871
192,734
108,461
72,177
209
220,966
203,224
-1,452
2013Q2
0.78%
0.82%
0.79%
-0.09%
0.64%
1.54%
1.64%
-0.12%

2013Q3
334,295
56,739
152
391,186
192,405
109,636
73,526
118
224,942
210,401
960
2013Q3
0.45%
-0.37%
0.34%
-0.17%
1.08%
1.87%
1.80%
3.53%

2013Q4
332,374
56,780
131
389,285
189,928
110,507
71,642
-533
224,478
204,636
-2,101
2013Q4
-0.57%
0.07%
-0.49%
-1.29%
0.79%
-2.56%
-0.21%
-2.74%

2014Q1
335,886
56,670
177
392,733
193,715
109,227
74,126
180
227,289
211,538
-266
2014Q1
1.06%
-0.19%
0.89%
1.99%
-1.16%
3.47%
1.25%
3.37%

2014Q2
335,458
56,774
168
392,400
193,217
109,054
73,797
824
227,402
210,709
-1,185
2014Q2
-0.13%
0.18%
-0.08%
-0.26%
-0.16%
-0.44%
0.05%
-0.39%

2014Q3
336,118
56,679
187
392,984
192,549
109,645
74,678
-48
229,278
213,866
747
2014Q3
0.20%
-0.17%
0.15%
-0.35%
0.54%
1.19%
0.82%
1.50%

2014Q4
335,189
56,718
160
392,067
191,202
110,447
73,783
-791
229,420
212,027
33
2014Q4
-0.28%
0.07%
-0.23%
-0.70%
0.73%
-1.20%
0.06%
-0.86%

Note: The storms Allan and Bodil that hit Denmark in October and December 2013 resulted in transactions associated with non-life and
reinsurance claims in 4Q2013 (less than 0.1% GDP). GDP growth in the first quarter of 2014, although both private consumption and
imports are positively affected by the normalization after storms ended.