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National accounts

The national accounts are central to the economic policy-making. GDP is one of the key indicators, 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 in GDP describes the economic growth, i.e. whether we become richer or poorer. The national accounts have many other important indicators, such as household savings. National accounts are compiled according to international guidelines (ESA2010) making it comparable between countries.

Introduction
The aim of the national accounts is to provide an overall picture of the economy. The National Accounts system is a logical and coherent set of definitions and classifications, without which it would not be possible to obtain an overview of the immense number of financial transactions that take place in the economy during a period.
The National accounts describe the economic cycle. The setting is a consistent and balanced system of economic transactions and definitions that show how productive activity (when we go to work) creates income, which is then allocated (e.g. as wages) and redistributed (e.g. as taxes) before it provides a basis for the demand for goods and services for personal consumption and savings. The system also shows how savings are placed (e.g. as a bank deposit).
The National accounts are calculated at constant prices (chained values) and at current prices. National accounts in constant prices (chained values) have been adjusted for price developments. Accordingly, the development in real GDP (chained values) expresses the real economic growth.
In order to describe the economic cycle, the economic transactions and economic stakeholders are divided into different types and detailed classifications that are coherent and consistent with each other and over time. The annual national accounts have the most detailed accounting and consistent time series dating back to 1966.
 
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Related content in National accounts

Analyses

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The Nordics during the first phases of COVID-19

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Dansk forbrug sætter i høj grad sit klimaaftryk i udlandet

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Skift i industriens sammensætning påvirker produktivitetsudviklingen

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Production abroad has an effect on Danish GDP

Globalisation has created new business models. Although you can still find traditional manufacturing enterprises with factory production, development, sales and administration gathered within the Danish borders, it has become more common to spread across several countries. An increasing share of the Danish manufacturing enterprises produce their goods or some of their goods without factories in Denmark. In this way, the industrial processing does not take place in Denmark but in a factory abroa

Contact

Bo Siemsen
Phone: +45 39 17 30 69

Revision of National Accounts

National accounts, government finance statistics and the balance of payments will be revised in September.

Grafik: Revision 2014 - Danmarks Statistik

See information on the transition to the accounting system ESA 2010.

revision of national accounts