Denmark DK: Trade Balance: USD: All Services: Construction

Denmark DK: Trade Balance: USD: All Services: Construction data was reported at 1.354 USD bn in 2023. This records an increase from the previous number of 581.100 USD mn for 2022. Denmark DK: Trade Balance: USD: All Services: Construction data is updated yearly, averaging 1.363 USD bn from Dec 2010 (Median) to 2023, with 14 observations. The data reached an all-time high of 3.846 USD bn in 2018 and a record low of 57.800 USD mn in 2012. Denmark DK: Trade Balance: USD: All Services: Construction data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Denmark – Table DK.OECD.TISP: Trade in Services: Trade Balance: USD: by Services: OECD Member: Annual. Construction covers the creation, management, renovation, repair or extension of fixed assets in the form of buildings, land improvements of an engineering nature and other constructions such as roads, bridges and dams. It also includes related installation and assembly work, site preparation and general construction as well as specialized services such as painting, plumbing and demolition.Construction is valued on a gross basis, that is, inclusive of all goods and services used as inputs to the work, other costs of production and the operating surplus that accrues to the owners of the construction enterprise. This valuation principle is the same as that which applies in the valuation of all production (of both goods and services), as described in the 2008 SNA. Construction is also valued on a gross basis in the sense that it can be disaggregated into construction abroad and construction in the compiling economy. Construction credits consist of credits for construction abroad and credits for construction in the compiling economy. Construction debits consist of debits for construction abroad and for debits construction in the compiling economy.This disaggregation allows for the recording on a gross basis of both the construction work undertaken and the goods and services acquired from residents in the host economy, by non-resident enterprises undertaking the construction.

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