Within the 2018-2023 timeframe, our forecast models predict growth from 2.3% p.a. in a low scenario to 2.8% p.a. in a high scenario. Accordingly, the industry in Denmark is expected to achieve revenues of between $268m to $275m by 2023.
In 2018, the commercial market in Denmark achieved revenues of $240m. This was up from just over $189m in 2008, indicating a compound annual growth rate of 2.6% p.a. for the decade.
Between 2008 and 2018 GDP grew by an average of 2.2% p.a. Denmark boasts a highly-advanced economy, with a number of leading industries in areas such as shipping, renewable energy and agriculture. The country is a net exporter of food and energy but needs to import materials to support its manufacturing sector.
Published: 2020
Report Data: 2019
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