Denmark: Share of services

* indicates monthly or quarterly data series
 Denmark

Value added in the services sector as percent of GDP

 Latest value 66.31
 Year 2022
 Measure percent
 Data availability 1966 - 2022
 Average 61.17
 Min - Max 54.01 - 66.7
 Source The World Bank
For that indicator, we provide data for Denmark from 1966 to 2022. The average value for Denmark during that period was 61.17 percent with a minimum of 54.01 percent in 1966 and a maximum of 66.7 percent in 2021. The latest value from 2022 is 66.31 percent. For comparison, the world average in 2022 based on 145 countries is 53.77 percent. 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 values chart
Denmark - Share of services - recent values

Historical chart
Denmark - Share of services - historical chart - 1966-2022




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.


 Related indicators Latest value Reference Measure
 Share of industry 20.87 2022 percent
 Share of manufacturing 10.94 2022 percent
 Share of services 66.31 2022 percent
 Industry value added 78.66 2022 billion U.S. dollars
 Manufacturing value added 46.65 2022 billion U.S. dollars
 Services value added 269.17 2022 billion U.S. dollars
 Savings, percent of GDP 37.25 2022 percent
 Savings, in dollars 149.05 2022 billion U.S. dollars
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