Denmark - Manufacturing, value added (% of GDP)

Manufacturing, value added (% of GDP) in Denmark was 13.96 as of 2020. Its highest value over the past 54 years was 18.13 in 1966, while its lowest value was 10.93 in 2010.

Definition: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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

See also:

Year Value
1966 18.13
1967 17.68
1968 17.56
1969 17.23
1970 16.88
1971 16.64
1972 16.18
1973 16.35
1974 16.62
1975 16.65
1976 15.99
1977 15.96
1978 15.35
1979 15.24
1980 16.01
1981 15.53
1982 15.25
1983 15.53
1984 15.99
1985 15.91
1986 15.64
1987 15.07
1988 14.75
1989 14.79
1990 14.87
1991 14.65
1992 14.78
1993 14.32
1994 14.45
1995 14.72
1996 14.18
1997 14.63
1998 14.53
1999 14.26
2000 14.14
2001 14.04
2002 13.93
2003 13.24
2004 12.75
2005 12.04
2006 12.07
2007 11.95
2008 11.72
2009 11.11
2010 10.93
2011 11.04
2012 11.43
2013 11.78
2014 11.86
2015 12.40
2016 12.93
2017 13.01
2018 13.09
2019 13.71
2020 13.96

Limitations and Exceptions: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector. Even in large industries, where regular surveys are more likely, evasion of excise and other taxes and nondisclosure of income lower the estimates of value added. Such problems become more acute as countries move from state control of industry to private enterprise, because new firms and growing numbers of established firms fail to report. In accordance with the System of National Accounts, output should include all such unreported activity as well as the value of illegal activities and other unrecorded, informal, or small-scale operations. Data on these activities need to be collected using techniques other than conventional surveys of firms.

Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts