Denmark: Trade balance, percent of GDP

* indicates monthly or quarterly data series

Trade balance as percent of GDP

 Latest value 11.1
 Year 2022
 Measure percent
 Data availability 1966 - 2022
 Average 3.25
 Min - Max -4.53 - 11.1
 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 3.25 percent with a minimum of -4.53 percent in 1976 and a maximum of 11.1 percent in 2022. The latest value from 2022 is 11.1 percent. For comparison, the world average in 2022 based on 148 countries is -4.42 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 - Trade balance, percent of GDP - recent values

Historical chart
Denmark - Trade balance, percent of GDP - historical chart - 1966-2022

The trade balance for Denmark and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

 Related indicators Latest value Reference Measure
 Terms of trade 99.12 2021 percent
 Trade openness 130.48 2022 percent
 Exports, percent of GDP 69.31 2022 percent
 Exports, billion dollars 280.17 2022 billion U.S. dollars
 Growth of exports 10.84 2022 percent
 Imports, percent of GDP 58.69 2022 percent
 Imports, billion dollars 235.77 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 6.76 2022 percent
 Foreign Direct Investment, billion dollars 27.04 2022 billion U.S. dollars
 Portfolio investment inflows, equities -4,887.28 2022 million dollars (current)
 Current account, percent of GDP 13.20 2022 percent
 Current account, in dollars 53.07 2022 billion U.S. dollars
 Trade balance, percent of GDP 11.10 2022 percent
 Trade balance, in dollars 44.26 2022 billion U.S. dollars
 Reserves 96.07 2022 billion U.S. dollars
 Remittances, percent of GDP 0.31 2022 percent
 Net errors and omissions -13,561.24 2022 million USD
 Foreign exchange reserves 610.38 9/2023 billion
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