Denmark: Trade (% of GDP)
In , Denmark's Trade (% of GDP) was 131.77.
That's up 1.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Denmark ranks #33 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #16 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 132.00
- Trough
- 89.39
- 1-year change
- +1.7%
- 5-year change
- +17.8%
- +3.3% / yr
- 10-year change
- +27.7%
- +2.5% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 131.7650 | |
| 129.6253 | |
| 131.9958 | |
| 112.3215 | |
| 104.4334 | |
| 111.8915 | |
| 108.8140 | |
| 104.2157 | |
| 101.4528 | |
| 105.1304 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Denmark's Trade (% of GDP) in 2024?
- In 2024, Denmark's Trade (% of GDP) was 131.77, according to World Bank Open Data.
- Is Denmark's Trade (% of GDP) rising or falling?
- Denmark's Trade (% of GDP) rose 1.7% from 2023 to 2024.
- How does Denmark rank globally on Trade (% of GDP)?
- In 2024, Denmark ranked #33 out of 160 countries reporting Trade (% of GDP).
- How does Denmark's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Denmark is above the world average. Within Europe & Central Asia, it ranks #16 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.