Forecast: International Tourism Expenditures for Travel Items in Denmark

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.

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