Denmark - Exports of goods and services (% of GDP)

Exports of goods and services (% of GDP) in Denmark was 54.88 as of 2020. Its highest value over the past 54 years was 59.00 in 2019, while its lowest value was 26.41 in 1972.

Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1966 28.04
1967 26.74
1968 26.97
1969 26.72
1970 27.15
1971 26.82
1972 26.41
1973 27.97
1974 30.66
1975 29.37
1976 28.24
1977 28.36
1978 27.42
1979 29.23
1980 32.50
1981 36.08
1982 35.87
1983 35.92
1984 36.29
1985 36.43
1986 32.30
1987 31.70
1988 33.62
1989 35.42
1990 36.42
1991 37.68
1992 36.95
1993 36.57
1994 36.85
1995 36.61
1996 37.07
1997 37.76
1998 37.19
1999 39.35
2000 44.85
2001 45.55
2002 45.70
2003 43.84
2004 43.93
2005 47.45
2006 50.73
2007 51.48
2008 54.18
2009 47.13
2010 50.52
2011 53.82
2012 54.63
2013 54.83
2014 54.61
2015 55.42
2016 53.43
2017 55.08
2018 56.56
2019 59.00
2020 54.88

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts