Insurance and financial services in Denmark
Denmark: Insurance and financial services was 2.2% in 2024. ▼ Falling
Insurance and financial services in Denmark, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
The most recent figure for insurance and financial services in Denmark is 2.2%, measured in 2024.
That represents a change of up 6.3% on the previous year and up 43.0% over ten years.
Over the whole period, insurance and financial services in Denmark peaked at 3.2% in 1983 and was at its lowest, 1.1%, in 2022.
That places Denmark 104th out of 190 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
Insurance and financial services in Denmark, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1975 | 2.4% | — |
| 1976 | 2.6% | +5.5% |
| 1977 | 2.8% | +8.4% |
| 1978 | 2.7% | -4.3% |
| 1981 | 2.7% | +1.2% |
| 1982 | 3.0% | +11.5% |
| 1983 | 3.2% | +6.3% |
| 1984 | 2.8% | -11.9% |
| 1985 | 2.8% | -1.7% |
| 1986 | 2.5% | -9.2% |
| 1987 | 2.2% | -11.5% |
| 1988 | 2.3% | +3.2% |
| 1989 | 2.6% | +14.5% |
| 1990 | 2.3% | -13.0% |
| 1991 | 2.3% | -0.0% |
| 2005 | 1.3% | -42.5% |
| 2006 | 1.3% | +0.7% |
| 2007 | 1.7% | +25.3% |
| 2008 | 2.1% | +24.2% |
| 2009 | 2.7% | +29.7% |
| 2010 | 2.3% | -13.6% |
| 2011 | 2.1% | -9.9% |
| 2012 | 1.7% | -16.9% |
| 2013 | 1.7% | -3.7% |
| 2014 | 1.6% | -6.2% |
| 2015 | 1.5% | -4.3% |
| 2016 | 1.6% | +8.4% |
| 2017 | 1.4% | -13.7% |
| 2018 | 1.2% | -14.1% |
| 2019 | 1.3% | +11.1% |
| 2020 | 1.7% | +30.1% |
| 2021 | 1.8% | +4.0% |
| 2022 | 1.1% | -39.4% |
| 2023 | 2.1% | +91.9% |
| 2024 | 2.2% | +6.3% |
Denmark compared with similar countries
- Denmark's 2.2% is below the median for high income countries, which is 5.3%, 42% of the median. (69 countries reporting)
- Denmark's 2.2% is below the median for Europe & Central Asia, which is 3.5%, 63% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.6% | 2.4% | 2.8% | 4 |
| 1980s | 2.7% | 2.2% | 3.2% | 9 |
| 1990s | 2.3% | 2.3% | 2.3% | 2 |
| 2000s | 1.8% | 1.3% | 2.7% | 5 |
| 2010s | 1.6% | 1.2% | 2.3% | 10 |
| 2020s | 1.8% | 1.1% | 2.2% | 5 |
Countries ranked near Denmark
More economy & growth data for Denmark
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9574 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30.70 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0723 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5,136 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 18.24 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 121.54 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.043 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 3,052 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 17.85 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Denmark?
- Insurance and financial services in Denmark was 2.2% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Denmark?
- The highest recorded value was 3.2% in 1983.
- What is the lowest insurance and financial services recorded in Denmark?
- The lowest recorded value was 1.1% in 2022.
- How does Denmark rank for insurance and financial services?
- Denmark ranks 104th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Denmark?
- Over the last ten years it is up 43.0%. The long-run trend across the full record is falling.
- Where does this Denmark data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.