International Merchandise Trade Statistics: Trade Balance: Commodities for Denmark
Annual, Seasonally Adjusted
XTNTVA01DKA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
274,936,700,000.00
Year-over-Year Change
221.80%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures annual, seasonally adjusted exports of travel services for Denmark. It provides insights into the country's international trade activity and its tourism industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual, Seasonally Adjusted exports of travel services for Denmark metric tracks the value of services exports related to international travel and tourism. It is a key indicator of Denmark's external trade performance and the competitiveness of its tourism sector.
Methodology
This data is collected and calculated by the Danish statistical agency based on surveys of Danish businesses and international trade flows.
Historical Context
Policymakers and analysts use this trend to assess Denmark's global economic integration and the health of its tourism industry.
Key Facts
- Denmark is a leading global tourism destination.
- Travel services account for over 5% of Denmark's total exports.
- This trend has seen steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted value of travel services exports from Denmark. It captures international tourism and related economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Denmark's global trade competitiveness and the performance of its important tourism industry, which is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the Danish statistical agency through surveys of Danish businesses and analysis of international trade flows.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Denmark's global economic integration and the health of its tourism sector, informing policies related to trade, tourism promotion, and economic development.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis with a 3-month lag, so the most recent quarter's figures may not be available immediately.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (XTNTVA01DKA664S), retrieved from FRED.