Denmark - Industry, value added (% of GDP)

Industry, value added (% of GDP) in Denmark was 21.17 as of 2020. Its highest value over the past 54 years was 28.55 in 1966, while its lowest value was 19.70 in 2010.

Definition: Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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 or 4.

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

See also:

Year Value
1966 28.55
1967 28.14
1968 27.62
1969 26.92
1970 26.37
1971 26.22
1972 25.91
1973 25.25
1974 25.11
1975 24.89
1976 23.82
1977 23.50
1978 22.78
1979 22.04
1980 23.28
1981 22.16
1982 22.22
1983 22.30
1984 22.63
1985 22.81
1986 22.66
1987 22.83
1988 22.57
1989 22.73
1990 22.63
1991 22.40
1992 22.50
1993 21.63
1994 21.62
1995 22.09
1996 22.29
1997 22.45
1998 22.33
1999 22.64
2000 23.65
2001 22.89
2002 22.66
2003 22.16
2004 22.13
2005 22.24
2006 22.82
2007 22.17
2008 22.59
2009 19.95
2010 19.70
2011 20.25
2012 20.40
2013 20.06
2014 19.79
2015 19.99
2016 20.67
2017 20.74
2018 20.82
2019 21.20
2020 21.17

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