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Analyses: Few industrial groups contribute massively to Denmark's balance of payments surplus

For a long period, Denmark has had a surplus on the balance of payments. The manufacturing industry contributes massively to the balance of payments surplus because the sector has extensive net exports of goods. Danish industrial groups have increasingly become globally organised producing goods across borders., Accordingly, there is a close correlation between the manufacturing industry’s investments in foreign subsidiaries and Danish exports and investment income that impacts the balance of payments statistics., As part of the examination of the international organisation of industrial groups and their significance to the Danish economy, this analysis examines investments abroad and the groups’ total contribution to the balance of payments surplus in 2018. To illustrate the presence abroad, we apply a new approach to examine the ultimate destinations for the industrial groups’ investments., Main conclusions:, The contribution by just five large industrial groups to the balance of payments surplus corre­sponds nearly to the entire Danish balance of payments surplus in 2018., The industrial groups’ total contribution to the balance of payments was DKK 297 billion in 2018, which is almost twice the total balance of payments surplus., The surplus is driven by goods exports of which an increasing part never crosses the Danish border, because the goods are produced by subsidiaries abroad., Danish industrial groups have substantial investments in subsidiaries abroad. Complex group structures often lead to investments passing through several countries before they reach their final destinations., A new method for calculating ultimate hosting countries for the investments shows that par­ticularly investments in China and Russia are channelled through other countries., Get as pdf, Few industrial groups contribute massively to Denmark's balance of payments surplus, Colophone, Few industrial groups contribute massively to Denmark's balance of payments surplus, Subject group: Economy, Released: 17 February 2020 08:00, No. 2020:05, ISSN pdf: 2446-0354, Contact:, Mads Møller Liedig, Telephone: +45 40 12 97 72

Analysis

Analyses: Large increase in sales of goods abroad by Danish manufacturing industries

Globalisation means that Danish enterprises are increasingly organising their production across borders. Today, processing abroad, traditional trading with goods across borders, as well as purchases and sales of goods not crossing Danish borders (merchanting) have become closely linked. This trend has been particularly strong over the past decade., This analysis describes how enterprises organise production internationally, with special focus on Danish manufacturing industries’ production and sales abroad. The analysis is based on new figures for balance of payments and international trade in goods and ser­vices, which were published on 10 October 2016., Main conclusions of the analysis: , In 2005, Danish manufacturers sold goods abroad which were not produced in Denmark for about DKK 8 bn. In 2015, this figure had risen to more than DKK 120 bn., Sales of merchanting goods by manufacturing industries, i.e. goods purchased and sold outside of Danish borders, amounted to almost DKK 70 bn. in 2015. The merchanting goods were primarily sold in other EU countries., Purchases abroad by Danish enterprises of foreign goods for processing abroad have in­creased over ten years from virtually zero to almost DKK 16 bn. In the same period, pur­chases by Danish enterprises of processing services abroad have risen from almost DKK , 1 bn. to almost DKK 9 bn., Get as pdf, Large increase in sales of goods abroad by Danish manufacturing industries, Colophone, Large increase in sales of goods abroad by Danish manufacturing industries, Subject group: Economy, Released: 18 November 2016 09:00, No. 2016:22, ISSN pdf: 2446-0354, Contact:, Pia Nielsen, Telephone: +45 30 61 93 05

Analysis

STRAF42: Decisions, total

national origin, type of offence, type of decision, age, sex and time
1995-2024 (Number)

https://www.statbank.dk/STRAF42

Tables in StatBank

Analyses: How big are Danish exports and who are our main trading partners?

In recent decades it has become more common to produce goods across national borders. Increasing globalisation challenges our understanding of what a country's exports encompass and what different statistical measures of exports show., Previously, different export statistics provided a fairly similar picture of Denmark’s exports and trading partners. However, an increasing proportion of Danish exported goods never crosses Danish borders, and that has resulted in increasing differences across the various export statistics. This analysis describes Danish exports and trading partners, based on the different export statistics., Main conclusions:, Danish exports in goods are largest when measured in Denmark’s balance of payments, where the sale of goods that have never crossed Danish borders are included as exports. Today, around a sixth of the total Danish export of goods takes place outside of Danish borders., Only goods which have crossed the Danish border are classified as exports in the international trade in goods statistics which implies that the export of goods appears lower here than in the balance of payments., Exports appear lowest when measured by Danish value added, as these calculations discount the value of the imports included in the production of the exported goods and services. Estimates from an Input-Output model in Statistics Denmark suggest that imported contents in exported goods and services constitute nearly half of the total value. , Regardless of the type of export statistics, Germany is Denmark’s most important export market., On the basis of goods which cross the Danish border, the US is Denmark’s sixth largest export market. When goods sold outside Denmark’s border are taken into account, the US is Denmark’s third largest export market., Looking at the final markets for the part of exports resulting from production in Denmark the US is the second largest export market as measured by Danish value added according to estimates in an OECD international Input-Output model., Get as pdf, How big are Danish exports and who are our main trading partners?, Colophone, How big are Danish exports and who are our main trading partners?, Subject group: Economy, Released: 5 March 2018 08:00, No. 2018:4, ISSN pdf: 2446-0354, Contact:, Mads Møller Liedig, Telephone: +45 40 12 97 72

Analysis

Analyses: The global organisation of industrial groups has an impact on the measurement of Danish production and income

The way in which Danish enterprises choose to organise their production and sales in the global economy impacts whether it is reflected as domestic production and value added (GDP) or only as income (GNI) in the national accounts. When Danish enterprises sell products abroad, the activities are included in Danish GDP, whereas income based on sales via subsidiaries abroad is only included in GNI. In this way, the choice of sales channel impacts the statistics on Danish production and income., This analysis describes the global set-up of Danish industrial groups and their impact on the Danish economy. Focus is on the close correlation between Danish exports and in-come from subsidiaries abroad. The analysis is an extension of a Statistics Denmark analysis from 2016 dealing with goods exports outside Denmark by Danish manufactu¬ring enterprises. Income data from the central bank of Denmark, Nationalbanken, has allowed us to further document the importance of the industrial groups to the Danish economy., Main conclusions:, The industrial groups are important to the Danish economy; they export goods and services produced in Denmark or abroad and receive income from subsidiaries abroad. , In 2016, Danish industrial groups’ sale abroad of goods not crossing the Danish border accounted for almost a third of their total sale of goods abroad of DKK 524 billion., The income from subsidiaries of DKK 42.1 billion accounts for approximately one third of total earnings from Danish industrial groups’ manufacturing activities abroad. These ear-nings could have been counted as exports had the group chosen a different role for the production taking place in subsidiaries abroad., In 2016, the industrial groups’ activities abroad accounted for approximately 6 per cent of the Danish gross national income (GNI) and approximately 4 per cent of the gross domestic product (GDP).,  , This is a translation of an analysis previously published in Danish 1 October 2018. See the analysis , here., Get as pdf, The global organisation of industrial groups has an impact on the measurement of Danish production and income, Colophone, The global organisation of industrial groups has an impact on the measurement of Danish production and income, Subject group: Economy, Released: 27 May 2019 08:00, No. 2019:7, ISSN pdf: 2446-0354, Contact:, Mads Møller Liedig, Telephone: +45 40 12 97 72

Analysis

Analyses: Large language models and the Danish labour market

Generative artificial intelligence (AI) tools such as large language models are spreading rapidly. The most prominent example is ChatGPT, which gathered more than 100 million active users within two months. This type of generative AI has the potential to change the way people work, creating opportunities for innovation and productivity gains. However, the opportunities and challenges will most likely be unequally distributed across the workforce., This analysis explores the unequal economic impact of large language models (LLMs) on the Danish Labour Market. The analysis uses the so-called AI Occupational Exposure (AIOE) scores from a study of the American labour market and merges these scores with administrative data from Statistics Denmark. The AIOE scores reflect the relatedness between AI applications and human abilities connected to different occupations. Thus, the scores express potential economic impact of AI applications across occupations through either labour-augmenting or labour-displacing effects., Main conclusions:, Occupations dominated by cognitive routine tasks have the highest potential to change through large language models. , Legal Professionals, is the occupation with the highest LLM score. The occupation with the lowest score is , Painters, building structure cleaners & related trades worker, ., Economic activities influenced by cognitive abilities have higher LLM scores than activities dominated by physical tasks. The activity with the highest LLM score is , Higher Education, . The activity with the lowest score is , Building completion and finishing, ., Employed females altogether have more potential to apply large language models than employed males. However, within , Human Health & Social Work activities, women have a slightly lower LLM score than males., Employees with high personal yearly income generally have more potential to use and take advantage of large language models than employees with lower income.,  , The analysis is available in Danish here: , Store sprogmodeller og det danske arbejdsmarked,   , Get as pdf, Large language models and the Danish labour market, Colophone, Large language models and the Danish labour market, Subject group: Labour and income, Released: 8 February 2024 08:00, No. 2024:2, ISSN pdf: 2446-0354, Contact:

Analysis

Analyses: Who uses weight loss medicines in Denmark?

In 2023, 117,500 adults redeemed a prescription for a weight loss medicine. This corresponds to 2.4 per cent of the adult population. Weight loss medicines are mainly targeted at people with a BMI of at least 30, but what else characterises the users?, This analysis takes a closer look at the users of weight loss medicines, with a special focus on users in the first half of 2023. In the analysis, data on redeemed prescriptions is combined with information from Statistics Denmark’s registers. This allows, among other things, to examine the users’ sex, age, income, and municipality of residence.,  , Main conclusions:, The number and proportion of adults who have redeemed at least one prescription for weight loss medicines has increased significantly from 15,200 (0.3 per cent) in 2021 to 27,800 (0.6 per cent) in 2022 and 117,500 (2.4 per cent) in 2023. However, the number is still lower than 25 years ago when 131,100 adults (3.1 per cent) used weight loss medicines., The proportion of users of weight loss medicines is higher for women in all years. In the first half of 2023, 72 per cent of the users were women and 28 per cent were men., The proportion of users was highest in the age group of 50-59-year-olds (3.2 per cent) and lowest in the age group of 80-year-olds and older (0.1 per cent)., The proportion of users of weight loss medicines increases with income. In the first half of 2023, 1.6 per cent of the people in the lowest income quintile used weight loss med-icines, while it was about 3.4 per cent of the people in the highest income quintile - when using the equivalised disposable family income among the 30-59-year-olds., There is a difference in the proportion of users of weight loss medicines across municipalities. The highest proportion of users was in Tårnby (2.9 per cent), while the lowest proportion was in Læsø (0.8 per cent)., Gentofte municipality had the highest proportion of users of weight loss medicines in the first part of 2023 when the proportion is related to people with self-reported obesity in 2021. In Gentofte, there were 24.5 users of weight loss medicines per 100 people liv-ing with obesity, while in Læsø, there were 2.9 users per 100 people living with obesity.,  , The analysis is available in Danish here: , Hvem bruger slankelægemidler?, Get as pdf, Who uses weight loss medicines in Denmark?, Colophone, Who uses weight loss medicines in Denmark?, Subject group: People, Released: 6 May 2024 08:00, No. 2024:3, ISSN pdf: 2446-0354, Contact:, Emilie Rune Hegelund, Telephone: +45 20 56 47 11

Analysis

STRAF47: Unsuspended sentence

region, sex, age, type of offence, type of decision, length of sentence and time
2007-2024 (Number)

https://www.statbank.dk/STRAF47

Tables in StatBank

STRFNA13: Guilty persons

citizenship, type of offence and time
2018-2024 (Number)

https://www.statbank.dk/STRFNA13

Tables in StatBank

KV2BIB1: Most recent visit to the library

purpose, sex, age and time
2024-2024 (Per cent)

https://www.statbank.dk/KV2BIB1

Tables in StatBank