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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: 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, Part of the value added from the processing in factories abroad is included in the Danish gross domestic product (GDP) because the factors of production of Danish enterprises – not least the intellectual capital – contribute to create the value of the foreign factories’ production. The intellectual capital of enterprises is based on research and development, and it is the basis for patents and other intellectual property rights that can be registered and traded. Tangible assets such as machinery and buildings are capital in the country in which they are located. Intangible assets are capital in the country in which their economic owner is registered. In this way, intangible assets are similar to aircraft or vessels, neither of which are geographically confined, but are included in the capital stock of the country in which the airline or shipping firm is registered. In this analysis, we discuss how using a foreign factory affects Danish production and value added., Main conclusions:, The production abroad of Danish manufacturing enterprises has grown considerably since it was first recorded in 2005. The increased production abroad of Danish enterprises has resulted in increased hourly productivity in manufacturing and reduced the employee com-pensation share of the value added in manufacturing., Gradually, the “factoryless” goods production of the manufacturing industry accounts for a higher share of Danish GDP than maritime transport. Factoryless production and maritime transport are characterised by their relatively small impact on Danish employment and a considerable Danish registered capital stock., Moving intangible capital and associated added value from one country to another can make GDP jump, as the Irish GDP did in 2015. This type of jump in GDP does not influ-ence gross national income (GNI) to the same extent, if the owner remains foreign. Be-cause, in the calculation of GNI, the net yield of intangible capital is transferred as factor earnings to the owner’s home country., Get as pdf, Production abroad has an effect on Danish GDP, Colophone, Production abroad has an effect on Danish GDP, Subject group: Economy, Released: 7 June 2019 08:00, No. 2019:8, 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