# Denmark’s gross domestic product will expand at a faster pace than previously expected.

*business, biotech · news · 2026-05-23 · Bloomberg*

## Key points

- Denmark's GDP growth forecast for 2024 was raised from 2.2% to 2.7%.
- One percentage point of Denmark's GDP growth is attributed to the pharmaceutical sector.
- Novo Nordisk A/S is the dominant driver behind Denmark’s boosted economic outlook.
- The Danish economy ministry disclosed the updated GDP forecast in a release on Saturday.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Denmark ’s gross domestic product will expand at a faster pace than previously expected due to strong sales from the country’s pharmaceutical industry, which is dominated by Novo Nordisk A/S , the economy ministry said. GDP will rise 2.7% this year, with 1 percentage point coming from drug makers, the Copenhagen-based ministry said in a release on Saturday. In its previous forecast from December, it predicted growth of 2.2%.

**Companies:** Novo Nordisk A/S
**Countries:** Denmark

[Read the full story on Bloomberg](https://www.bloomberg.com/news/articles/2026-05-23/danish-economy-ministry-raises-gdp-forecast-due-to-pharma-sales)

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