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

Imports of goods and services (% of GDP) in Denmark was 48.43 as of 2020. Its highest value over the past 54 years was 51.61 in 2019, while its lowest value was 26.81 in 1972.

Definition: Imports of goods and services represent the value of all goods and other market services received from 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 29.61
1967 28.81
1968 28.36
1969 28.79
1970 29.98
1971 28.85
1972 26.81
1973 29.87
1974 34.00
1975 30.33
1976 32.77
1977 31.92
1978 29.63
1979 31.61
1980 32.95
1981 34.67
1982 34.97
1983 33.71
1984 34.62
1985 35.66
1986 32.50
1987 29.65
1988 30.14
1989 31.62
1990 30.87
1991 31.46
1992 30.05
1993 29.04
1994 30.93
1995 31.90
1996 31.40
1997 33.41
1998 34.11
1999 33.35
2000 38.14
2001 38.41
2002 38.85
2003 37.04
2004 38.28
2005 41.95
2006 46.64
2007 48.59
2008 50.65
2009 42.63
2010 43.58
2011 47.43
2012 48.61
2013 48.22
2014 47.65
2015 48.63
2016 46.74
2017 47.90
2018 50.42
2019 51.61
2020 48.43

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