The National accounts are central to the economic policy-making. GDP is one of the key sizes, and it expresses the value of the country's total production and thus what is available to use for private consumption, public consumption, investment and net exports.
The development of GDP describes economic growth, i.e. whether we become richer or poorer. The national accounts have many other important indicators, such as household savings. The national accounts are compiled according to international guidelines (ESA2010), making it comparable between countries.
The national accounts describe the economic cycle. The framework is a consistent and balanced system of economic operations and definitions that show how production activity (when we go to work) generates income which is then distributed (e.g. as wages) and redistributed (e.g. as taxes) before it creates a basis for the demand for goods and services for private consumption and savings. The system also shows how savings are placed (e.g. as a bank deposit).
The publication describes in detail the sources and methods used for the compilation of gross domestic product, GDP, and gross national income, GNI. It replaces the previous documentation “Danish National Accounts – Sources and Methods 2003” from 2007. With the new documentation the description of sources and methods is brought up to date and reflects the current compilation methods, international guidelines (ESA2010) and classifications. The publication follows a common structure used by all EU member states and is available in English only.