The GDP composition of Denmark in 2023 reveals a dominant services sector, contributing 51.16% to the economy. The mining, manufacturing, and utilities sector holds substantial weight at 18.62%, while wholesale, retail trade, restaurants, and hotels account for 14.75%. Transport, storage, and communication are responsible for 9.68%, and construction makes up 4.86% of the GDP. The agriculture sector, including hunting, forestry, and fishing, remains the smallest contributor at 0.92%. Year-on-year trends highlight a stable services sector, while manufacturing and utilities witnessed moderate fluctuations. The five-year CAGR shows a consistent increase in services, with slight contractions in agriculture.
Future trends to watch include enhanced digitization in services, the green transition affecting utilities and manufacturing, and evolving consumer trends impacting retail and hospitality sectors. Denmark's focus on sustainability and technology is likely to influence sectorial contributions, driving growth in services and innovation-driven industries.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 51.16 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 18.62 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 14.75 | 2016 | |
| 4 | 4 Transport, storage and communication | 9.68 | 2016 | |
| 5 | 5 Construction | 4.86 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 0.92 | 2016 |
