Denmark - Services, value added (% of GDP)

Services, value added (% of GDP) in Denmark was 64.55 as of 2020. Its highest value over the past 54 years was 65.83 in 2015, while its lowest value was 54.01 in 1966.

Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial 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 54.01
1967 54.76
1968 54.62
1969 55.07
1970 56.79
1971 57.45
1972 57.33
1973 58.25
1974 59.04
1975 60.17
1976 60.53
1977 59.92
1978 59.82
1979 60.35
1980 59.13
1981 59.97
1982 60.16
1983 60.27
1984 59.22
1985 59.09
1986 58.38
1987 59.18
1988 59.90
1989 60.06
1990 60.89
1991 61.55
1992 61.85
1993 63.07
1994 62.53
1995 61.63
1996 60.99
1997 60.77
1998 60.74
1999 60.74
2000 60.34
2001 60.89
2002 61.48
2003 62.24
2004 61.99
2005 61.59
2006 60.94
2007 61.49
2008 62.34
2009 65.44
2010 65.39
2011 64.73
2012 64.28
2013 65.15
2014 65.60
2015 65.83
2016 65.15
2017 64.91
2018 64.92
2019 64.69
2020 64.55

Limitations and Exceptions: In the services industry the many self-employed workers and one-person businesses are sometimes difficult to locate, and they have little incentive to respond to surveys, let alone to report their full earnings. Compounding these problems are the many forms of economic activity that go unrecorded, including the work that women and children do for little or no pay.

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. Financial intermediation services indirectly measured (FISIM) is an indirect measure of the value of financial intermediation services (i.e. output) provided but for which financial institutions do not charge explicitly as compared to explicit bank charges. Although the 1993 SNA recommends that the FISIM are allocated as intermediate and final consumption to the users, many countries still make a global (negative) adjustment to the sum of gross value added.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts