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Annual National Accounts, Total Economy

The purpose of the statistics is to give a detailed overall picture of the economy within the framework of a system of coherent definitions and classifications. Official Danish national accounts figures can be found back to the 1930s. In 2014 the final national accounts are in accordance with the definitions in the European System of National and Regional Accounts (ESA2010). Consistent time series in line with the new definitions goes back to 1966.

Statistical presentation

The National Accounts are designed to present a complete picture of the economy. The National Accounts provide the conceptual and actual tool to bring to coherence all economic activity and development in Denmark.

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Statistical processing

The Final National Accounts are compiled using the method of product balancing. Supply and use of goods and services are compiled on a detailed level. The product balances are reconciled by using all relevant information. The sources of the Final National Accounts are primarily final statistics concerning the economy, industry structures, and prices.

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Relevance

The National Accounts are relevant as quantitative basis for everyone working with economics, ranging from the use of national accounts in the ministries of economic affairs for planning, analysing, modelling and forecasting purposes to their use in various public organisations and public interest in the structure and development of the economy.

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Accuracy and reliability

The inaccuracy of the national accounts figures relates to the inaccuracy of the various sources which are used. However, the conceptual consistency and, over time, the uniform adaptation of the sources contribute to reducing the inaccuracy of the national accounts figures. In particular, the combination of the primary sources into a coherent system in many cases gives rise to errors, which therefore are not reflected in the final national accounts.

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Timeliness and punctuality

First version of preliminary yearly national accounts figures are published end of March the following year. The final figures are published 3 years after the reference year.

The statistics are usually published according to schedule.

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Comparability

Internationally there is a high degree of comparability with the national accounts of other countries because the Danish national accounts are compiled in accordance with the definitions in the European System of National Accounts ESA2010.

Statistics Denmark's industrial classification DB07, which is a Danish version of the EU NACE, rev. 2. and the UN's ISIC, rev. 4, contains a number of standard classifications: the 127, 36, 19, and 10 classifications.

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Accessibility and clarity

These statistics are published in a Danish press release, at the same time as the tables are updated in the StatBank. In the StatBank, these statistics can be found under Annual national accounts.

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