International tourism expenditures for travel items in Denmark have shown significant fluctuations from 2013 to 2023. In 2023, the expenditure stood at 10.927 billion US dollars, marking a substantial recovery from the COVID-19 pandemic-induced low of 5.636 billion US dollars in 2020. Notable trends include a sharp decline in 2020 (-43.85%) and subsequent strong recovery over the last two years: 44.57% in 2021 and 19.61% in 2022. The overall CAGR from 2018 to 2023 was 0.73%. Looking ahead, the forecasted data from 2024 to 2028 suggests a positive growth trajectory, with a five-year CAGR of 1.63% and an overall growth rate of 8.44%.
The future trends to watch for include:
- Continued recovery and potential growth in international tourism spending post-pandemic.
- Impact of global economic conditions and travel behaviors on tourism expenditures.
- Ongoing effects of sustainable travel trends and environmental policies on international tourism.