National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Denmark
Annual
DNKEXPORTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,982,501,530,000.00
Year-over-Year Change
116.68%
Date Range
1/1/1995 - 1/1/2022
Summary
This series measures Denmark's annual exports as a share of its gross domestic product (GDP), providing insight into the country's trade dynamics and economic openness.
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 Annual Export as Percent of GDP for Denmark is an important indicator of the country's international trade and economic integration. It represents the value of all goods and services exported from Denmark in a given year as a percentage of its total GDP, reflecting the relative importance of foreign trade to the Danish economy.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
This trend is closely watched by policymakers, economists, and investors to assess Denmark's economic performance and competitiveness in global markets.
Key Facts
- Denmark's exports accounted for over 50% of its GDP in 2021.
- The export-to-GDP ratio has increased steadily in Denmark over the past two decades.
- Denmark is considered one of the most trade-dependent economies in the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from Denmark in a given year as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The export-to-GDP ratio is an important indicator of a country's economic openness, trade competitiveness, and integration with the global economy, which are key factors considered by policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Denmark's trade performance, competitiveness, and exposure to global economic conditions, which informs decisions on trade policies, exchange rate management, and macroeconomic strategies.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the latest data, as it is collected and published by the OECD on an annual basis.
Related Trends
Infra-Annual Labor Statistics: Labor Force Female: From 55 to 64 Years for Denmark
LFAC55FEDKA647S
Number of Identified Exporters to Denmark from Wisconsin
WIDNKA475SCEN
Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Denmark
LFEM25TTDKA647N
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Denmark
LFEM55TTDKA647N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Denmark
DNKCPHP0700GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Denmark
DNKCP120000CTGYM
Citation
U.S. Federal Reserve, Annual Export as Percent of GDP for Denmark (DNKEXPORTADSMEI), retrieved from FRED.