Balance of Payments: Services: Revenue for Denmark
DNKB6CRSE03STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.81
Year-over-Year Change
-12.08%
Date Range
1/1/2005 - 1/1/2025
Summary
The Balance of Payments: Services: Revenue for Denmark measures the monetary value of services exported by Denmark to other countries. This metric is important for assessing Denmark's trade position and competitiveness in the global services market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Balance of Payments: Services: Revenue for Denmark tracks the total value of services sold by Danish companies and individuals to foreign buyers. This includes revenue from sectors like tourism, transportation, and professional services. Economists use this data to analyze Denmark's services trade surplus or deficit and its impact on the overall current account.
Methodology
The data is collected by Statistics Denmark through surveys of Danish businesses and individuals engaged in international trade in services.
Historical Context
Policymakers monitor this indicator to inform decisions about trade policy, exchange rates, and macroeconomic management.
Key Facts
- Denmark runs a consistent services trade surplus.
- Services account for over 70% of Denmark's total exports.
- Tourism is Denmark's largest services export industry.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Services: Revenue for Denmark measures the total value of services exported by Danish companies and individuals to foreign buyers.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing Denmark's trade position and competitiveness in the global services market, which is crucial for the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Denmark through surveys of Danish businesses and individuals engaged in international trade in services.
Q: How is this trend used in economic policy?
A: Policymakers monitor this indicator to inform decisions about trade policy, exchange rates, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately 3 months.
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Citation
U.S. Federal Reserve, Balance of Payments: Services: Revenue for Denmark (DNKB6CRSE03STSAQ), retrieved from FRED.