The Air Transport Gross Value Added (GVA) in Denmark, expressed in Billion Danish Krones, demonstrates a fluctuating trend from 2013 to 2023. The data reveals significant volatility, particularly with a notable drop in 2020, largely attributable to the global COVID-19 pandemic, followed by a strong recovery in 2021. In 2023, the sector stood at 5.31 Billion Danish Krones, marking a 19.16% year-on-year increase. Over the past five years, the average annual growth rate (CAGR) was 1.12%, indicating moderate overall growth despite substantial annual variations.
Looking ahead, the forecast suggests a steady yet modest increase in GVA, with an expected CAGR of 0.93% from 2024 to 2028. This period is projected to reach 5.63 Billion Danish Krones in 2028, reflecting a cumulative growth of 4.75% over the five years.
Future trends to watch for include:
- Recovery and stabilization post-pandemic and potential impacts of geopolitical issues.
- Economic influences on air travel demand and sector innovations, particularly in technology and sustainability.
- Policies and regulations impacting the air transport sector both within Denmark and internationally.
