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Denmark Trade (% GDP)

Denmark's trade (% GDP) rose to 128.64% in 2024, up from 127.77% in 2023, according to World Bank. This represents an increase of 0.87% from the previous year. Denmark has trade (% GDP) higher than the global median (128.64% vs median 84.49%). Compared with the median in Europe, Denmark is higher (128.64% vs regional median 111.00%) and ranks 18th out of 44 countries in Europe.

Yearly Historical Data (1966-2024)

(in %)
Year Trade (% GDP)
2024 128.64%
2023 127.77%
2022 131.54%
2021 111.41%
2020 104.43%
2019 111.89%
2018 108.81%
2017 104.22%
2016 101.45%
2015 105.13%
2014 103.21%
2013 103.61%
2012 104.36%
2011 102.01%
2010 94.39%
2009 89.39%
2008 104.47%
2007 100.05%
2006 97.43%
2005 89.4%
2004 82.01%
2003 80.76%
2002 84.48%
2001 83.92%
2000 83.04%
1999 72.73%
1998 71.35%
1997 71.29%
1996 68.53%
1995 68.57%
1994 67.84%
1993 65.64%
1992 66.98%
1991 69.17%
1990 67.3%
1989 67.1%
1988 63.76%
1987 61.48%
1986 65.04%
1985 72.33%
1984 71.19%
1983 70%
1982 71.23%
1981 71.23%
1980 65.75%
1979 60.82%
1978 57.09%
1977 60.37%
1976 61.11%
1975 59.78%
1974 64.73%
1973 57.86%
1972 53.23%
1971 55.67%
1970 57.13%
1969 55.51%
1968 55.33%
1967 55.55%
1966 57.66%
Denmark Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Denmark divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $133.7B $128.6B 2024
Annual Imports $123.22B $120.21B 2024
Balance of Trade DKK 22.2B DKK 35B Aug'25
Exports DKK 172.5B DKK 182.1B Aug'25
Exports (% GDP) 69.73% 67.96% 2024
FDI Inflows (% GDP) 4.21% 1.12% 2024
Imports DKK 150.3B DKK 147.2B Aug'25
Imports (% GDP) 58.92% 59.81% 2024
Net Trade (Goods & Services, BoP) $46.45B $33.17B 2024
Tariff Rate 1.95% 2.24% 2022