Denmark’s economy grew 0.2% quarter-on-quarter in the fourth quarter of 2025, easing from an upwardly revised near four-year high of 2.3% in the previous period, according to preliminary estimates. Net external demand contributed negatively, as exports fell faster (-0.5% vs 3.6% in Q3) than imports (-0.4% vs -0.1%). At the same time, fixed investment fell (-2.7% vs 1.2%), weighed down by sharp declines in investment in housing (-3.1% vs 2%) and intellectual rights (-11.4% vs 3.7%). Household consumption also slowed (0.2% vs 0.6%). Meanwhile, government spending rose significantly, by 5.6% compared with 1.2% in the previous period. On a yearly basis, GDP expanded 3.0%, following a downwardly revised 3.9% increase in the preceding period. For the full year of 2025, GDP rose 2.9%.