Denmark: Share of services

* indicates monthly or quarterly data series
 Denmark

Value added in the services sector as percent of GDP

 Latest value 64.42
 Year 2023
 Measure percent
 Data availability 1966 - 2023
 Average 61.33
 Min - Max 54.01 - 66.54
 Source The World Bank
The latest value from 2023 is 64.42 percent, a decline from 66.54 percent in 2022. In comparison, the world average is 55.55 percent, based on data from 168 countries. Historically, the average for Denmark from 1966 to 2023 is 61.33 percent. The minimum value, 54.01 percent, was reached in 1966 while the maximum of 66.54 percent was recorded in 2022. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Denmark - Share of services - Recent values chart

Historical series
Denmark - Share of services - historical chart - 1966-2023




The importance of services in the economy of Denmark and other countries is measured as the value added of services as percent of GDP. The services sector includes wholesale and retail trade, transport, financial services, education, health care, and real estate.
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.

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 Related indicators Latest Reference Measure
 Share of industry 23.49 2023 percent
 Share of manufacturing 15.96 2023 percent
 Share of services 64.42 2023 percent
 Industry value added 95.62 2023 billion U.S. dollars
 Manufacturing value added 64.97 2023 billion U.S. dollars
 Services value added 262.27 2023 billion U.S. dollars
 Savings, percent of GDP 33.92 2023 percent
 Savings, in dollars 132.96 2023 billion U.S. dollars
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