National accounts by region
How high is the gross domestic product in the regions and provinces in Denmark? What is the average disposable income? The regional accounts provide a comprehensive picture of the economy in the regions and provinces of Denmark and show, among other things, gross domestic product, employment and income at regional level.
Explainer on…
Gross domestic product, GDP, indicates the size of a country's economy. GDP can be calculated in three ways:
- Gross domestic product (GDP) in market prices is calculated from the production side by subtracting from production at market prices the total value of intermediate consumption at buyer prices.
- It can also be calculated from the income side as compensation of employees plus the surplus of production and mixed income plus taxes on production, net.
- Finally it can be calculated from the application side as the sum of all final uses in buyer prices minus the import of goods and services.
Selected statistics on National accounts by region
Gross domestic product by region
The statistics are mainly based on regional statements of the national accounts' sources.
The sources for calculating regional gross value added and gross fixed capital formation are mainly Accounting Statistics for Non-agricultural Private Sector, General Government Finances Statistics. Economic Accounts for Agriculture by region, Business Enterprise Research and Development, Employment in Businesses and Purchases and sales by enterprises. In cases where the data is collected at company level, and where companies have more than one local unit, a distribution of the company's accounting figures is made on the basis of information on the number of fulltime equivalents per local unit. In addition to the aforementioned sources, a number of quantitative indicators, which are closely related to the transactions to be allocated, are used. These are used as a regional distribution key in industries where direct regional information is not available or where there are special principles for regional allocation.
The sources for the compilation of regional figures for wages, employment and hours worked are Employment in Businesses and Register-Based Labor Force Statistics.
The source for the compilation of household incomes is Income Statistics.
Incomes by provinces
The statistics are mainly based on regional statements of the national accounts' sources.
The sources for calculating regional gross value added and gross fixed capital formation are mainly Accounting Statistics for Non-agricultural Private Sector, General Government Finances Statistics. Economic Accounts for Agriculture by region, Business Enterprise Research and Development, Employment in Businesses and Purchases and sales by enterprises. In cases where the data is collected at company level, and where companies have more than one local unit, a distribution of the company's accounting figures is made on the basis of information on the number of fulltime equivalents per local unit. In addition to the aforementioned sources, a number of quantitative indicators, which are closely related to the transactions to be allocated, are used. These are used as a regional distribution key in industries where direct regional information is not available or where there are special principles for regional allocation.
The sources for the compilation of regional figures for wages, employment and hours worked are Employment in Businesses and Register-Based Labor Force Statistics.
The source for the compilation of household incomes is Income Statistics.
On the statistics – documentation, sources and method
See the documentation of statistics to learn more:
The purpose of regional accounts is to describe the economic activity in the regions and provinces within the framework of national accounts definitions and classifications. The accounts are compiled in accordance with the guidelines set out in ESA2010 and are comparable with regional accounts for other European countries. Regional accounts are published at the NUTS II level (regions) and NUTS III level (provinces). Regional accounts have been compiled since 1999.