Denmark: Trade openness

* indicates monthly or quarterly data series
 Denmark

Trade openness: exports plus imports as percent of GDP

 Latest value 127.77
 Year 2023
 Measure percent
 Data availability 1966 - 2023
 Average 79.13
 Min - Max 53.23 - 131.54
 Source The World Bank
The latest value from 2023 is 127.77 percent, a decline from 131.54 percent in 2022. In comparison, the world average is 95.00 percent, based on data from 154 countries. Historically, the average for Denmark from 1966 to 2023 is 79.13 percent. The minimum value, 53.23 percent, was reached in 1972 while the maximum of 131.54 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 - Trade openness - Recent values chart

Historical series
Denmark - Trade openness - historical chart - 1966-2023




Definition: Exports plus imports as percent of GDP.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 99.12 2021 percent
 Trade openness 127.77 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 69.01 2023 percent
 Exports, billion dollars 276.66 2023 billion U.S. dollars
 Growth of exports 13.42 2023 percent
 Imports, percent of GDP 59.44 2023 percent
 Imports, billion dollars 243.48 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.67 2023 percent
 Foreign Direct Investment, billion dollars 4.58 2023 billion U.S. dollars
 Portfolio investment inflows, equities -7,003.04 2023 million dollars (current)
 Current account, percent of GDP 10.90 2023 percent
 Current account, in dollars 40.06 2023 billion U.S. dollars
 Trade balance, percent of GDP 9.57 2023 percent
 Trade balance, in dollars 33.17 2023 billion U.S. dollars
 Reserves 109.37 2023 billion U.S. dollars
 Remittances, percent of GDP 0.35 2023 percent
 Remittances 1,429.43 2023 million U.S. dollars
 Net errors and omissions -5,696.61 2023 million USD
 Foreign exchange reserves 635.63 12/2024 billion
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