National accounts by industry
How is the total production and employment distributed by industry in Denmark? In the national accounts by industry, the various types of activity are broken down to facilitate focusing on differences in development and structure between industries, for example in terms of production, employment and productivity.
Explainer on…
Gross domestic product at base prices. GVA is calculated for the individual business types as production at base prices minus intermediate consumption at buyer prices and is thus, also equal to the sum of other production taxes (net), compensation of employee, and surplus of production and mixed income. For society as a whole, gross value added can also be calculated as the gross domestic product at market prices minus net product taxes.
Selected statistics on National accounts by industry
Gross value added by industry
The source for the national accounts consists of statistics on economic activity, business structure and prices. The different versions of the national accounts are based on different sources.
The final national accounts are calculated at a time when the sources are available in their final versions and in a very detailed form.
On the other hand, the quarterly national accounts and the first interim annual figures are calculated relatively shortly after the end of the reference period. The sources of these inventories are therefore relatively few and in many cases only preliminary, and because of this, the most important source is the final national accounts that form the basis for the projection along with available indicators.
In the following, the sources for the different version of the national accounts are listed:
Quarterly national accounts (QNA50): Production and turnover in manufacturing industries, Purchases and sales by enterprises (only partly), Stocks of manufacturers and wholesale, Retail turnover index, Balance of payments and external trade statistics, Producer and import price index for commodities, Producer price index for services, Consumer price index, Net price index.
Quarterly national accounts, revised (QNA90): Same as QNA50 + Purchases and sales by enterprises, Purchases and sales by manufacturing industries, Financial industries and FISIM and Government finance statistics.
Quarterly national accounts 180 days (only Q4): Same as QNA90 + Government finance statistics.
Preliminary annual national accounts (t-1): Same as QNA180 + volume indicators for non-market individual services produced by general government, Accounts statistics for non-profit institutions serving households (NPISH) and Economic Accounts for Agriculture.
Preliminary annual national accounts (t-2): Same as preliminary ANA (t-1) + Accounts statistics, Accounts for public corporations, Household budget survey, Energy accounts.
Final annual national accounts (t-3): Same as preliminary ANA (t-2) + General enterprise statistics, Industrial commodity statistics, Manufacturers’ purchase of raw materials.
For an overview of sources on industry level see Branchefordelt kildeoversigt In Danish.
Employment by industry
The primary sources of the annual compilation of employment, compensation of employees and hours worked are:
- The annual working time accounts balanced on national accounts industries
- Statistics on general government
- Institutional sector accounts
- Labour force survey (LFS)
- National accounts in other respects
The primary sources for the compilation of quarterly data are:
- The quarterly working time accounts balanced on national accounts industries
- Quarterly government finances
- The balance of payments
Compensation of employees by industry
The source for the national accounts consists of statistics on economic activity, business structure and prices. The different versions of the national accounts are based on different sources.
The final national accounts are calculated at a time when the sources are available in their final versions and in a very detailed form.
On the other hand, the quarterly national accounts and the first interim annual figures are calculated relatively shortly after the end of the reference period. The sources of these inventories are therefore relatively few and in many cases only preliminary, and because of this, the most important source is the final national accounts that form the basis for the projection along with available indicators.
In the following, the sources for the different version of the national accounts are listed:
Quarterly national accounts (QNA50): Production and turnover in manufacturing industries, Purchases and sales by enterprises (only partly), Stocks of manufacturers and wholesale, Retail turnover index, Balance of payments and external trade statistics, Producer and import price index for commodities, Producer price index for services, Consumer price index, Net price index.
Quarterly national accounts, revised (QNA90): Same as QNA50 + Purchases and sales by enterprises, Purchases and sales by manufacturing industries, Financial industries and FISIM and Government finance statistics.
Quarterly national accounts 180 days (only Q4): Same as QNA90 + Government finance statistics.
Preliminary annual national accounts (t-1): Same as QNA180 + volume indicators for non-market individual services produced by general government, Accounts statistics for non-profit institutions serving households (NPISH) and Economic Accounts for Agriculture.
Preliminary annual national accounts (t-2): Same as preliminary ANA (t-1) + Accounts statistics, Accounts for public corporations, Household budget survey, Energy accounts.
Final annual national accounts (t-3): Same as preliminary ANA (t-2) + General enterprise statistics, Industrial commodity statistics, Manufacturers’ purchase of raw materials.
For an overview of sources on industry level see Branchefordelt kildeoversigt In Danish.
On the statistics – documentation, sources and method
See the documentation of statistics to learn more:
Employment and wages in national accounts shed light on labor market developments in a way that makes it possible to compare labor market developments with developments in, for example, GDP, production, and value added, as measured in national accounts. The statistics have been revised since the last publication. In this revision, the statistics have been revised back to 1981. The purpose of the revision is to incorporate new knowledge and new methods and to ensure uniform compilation methods for all countries. Read more at https://www.dst.dk/ext/national/HR2024_over_EN--pdf
The purpose of fixed capital is to provide a picture of the productive capacity of the economy's capital stock as well as of that part of national wealth which is placed in fixed assets. Fixed capital is compiled according to guidelines in the present European national accounting system, ESA2010, and is based on investment series from the National Accounts. Fixed capital according to ESA2010 was first published in September 2014. Updated series for fixed capital are published yearly.
The national accounts are a description of a country's economy and its development. It consists of a description of the economy as whole and the economic transactions between individuals, companies and institutions. The national accounts also include transactions between Denmark and abroad. The first Danish national accounts date back to the 1930's. Consistent time series of annual national accounts goes back to 1966, while quarterly national accounts are available as of first quarter 1990.