Industry Sector Contribution to GDP in Denmark (1990-2022)

Industry Sector Contribution to GDP in Denmark (1990-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Denmark (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Denmark
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
The industry sector in Denmark showed steady contributions to GDP from 1990 through the early 2000s, hovering around 22-23%. The year 2000 marked a slight peak at 23.7%, largely due to increased manufacturing and export activities. However, the 2008 global financial crisis led to a downturn, with contributions declining to 20% by 2009 and dipping further during the recovery period, reaching 19.7% in 2010. Denmark’s shift towards a service-oriented economy and increased focus on sustainability and green energy industries also impacted the traditional industry contributions, maintaining a stable but lower range around 19.7% from 2020 through 2022. This period highlights Denmark's economic adaptation, transitioning from reliance on manufacturing to strengthening its sustainable and technology-driven sectors, balancing industrial contributions within a diversified economy.

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