72573 World Trade Indicators 2009/10 Denmark: Trade-at-a-Glance Table 2008 GDP 2008 GDP 2008 Share 2008 Trade Membership No. of FTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $342,672 $62,332 0.95% $66,491 1950 1995 27 5 TRADE PERFORMANCE‡ Denmark Ranking Decile HI OECD High inc TRADE POLICY (TP) (out of 125) 25 2 EXTERNAL ENVIRONMENT (EE) (out of 125) 82 7 INSTITUTIONAL ENVIRONMENT (IE) (out of 183) 6 1 TRADE FACILITATION (TF) (out of 155) 16 2 TRADE OUTCOME (TO) (out of 157) 110 8 Outer bound represents best value in latest year ‡ Rankings are based on the representative indicators (in bold) in each group below for the latest year TRADE POLICY (TP) 1995-99^ 2000-04^ 2005-08^ Latest Tariff Trade Restrictiveness Index TTRI (MFN applied tariff) 3.9 4.1 4.1 * TTRI (applied tariff including preferences) .. 1.6 1.8 * MFN applied tariff (spl avg) OTRI (Overall TRI, applied tariff incl. prefs.+NTMs) .. 6.5 6.4 * MFN applied tariff - simple avg (%) 7.9 6.1 5.3 5.5 TTRI (MFN) Dispersion (coefficient of variation) 4.4 10.1 1.8 2.0 Maximum rate (excl. alcohol and tobacco) .. .. 208.1 228.8 Agriculture - simple avg (%) 26.4 19.1 15.2 16.7 MFN applied tariff (wgt avg) Nonagriculture - simple avg (%) 5.2 4.2 3.9 3.8 MFN applied tariff - trade weighted avg (%) 5.7 3.5 3.2 3.2 Applied tariff (wgt avg) Applied tariff (incl. prefs.) - trade weighted avg (%) 4.3 2.2 2.0 2.1 Agriculture 20.4 11.2 9.6 10.1 Import duties Nonagriculture 2.9 1.6 1.6 1.6 Applied tariff (incl. prefs.) - production weighted avg (%) .. 1.3 1.7 * 0 10 20 30 MFN applied tariff escalation (finished % minus raw %) -0.3 1.0 1.0 * Denmark HI OECD High inc Agriculture .. 7.4 14.9 16.5 Nonagriculture .. -2.2 1.0 0.9 Import duties (% of imports) .. .. .. .. Tariff overhang (MFN bound minus MFN applied rate,%) -0.3 1.4 0.1 0.0 GATS commit. Bound tariff frequency ratio (% of total lines) 100.0 100.0 100.0 100.0 index Non-ad valorem tariff frequency ratio (%) 3.2 3.7 12.0 10.5 Non-tariff measures frequency ratio (%) 34.4 .. .. .. 0 40 80 Anti-dumping initiations 38.2 22.8 21.8 19.0 Denmark HI OECD High inc Overall GATS commitment index (0-100, best) .. 47.1 47.1 * EXTERNAL ENVIRONMENT (EE) 1995-99^ 2000-04^ 2005-08^ Latest Market Access-TTRI (MA-TTRI, applied tariff incl. prefs.) 4.8 4.4 * MA-TTRI MA-OTRI (applied tariff incl. prefs. and NTMs) 14.3 9.1 * ROW applied tariff (incl. prefs.) - trade weighted avg (%) 8.8 8.1 4.3 3.6 ROW applied(wgt avg) Agriculture 24.9 26.8 14.2 14.7 Nonagriculture 4.0 2.9 2.8 2.9 MFN zero duty exports (%) MFN zero-duty exports (% of total exports) 25.6 41.3 45.1 46.0 * Exports to FTA / CU partners (% of total exports) 70.0 73.1 76.8 80.0 Denmark 0 HI OECD High inc 1 Anti-dumping initiations faced 3.4 7.4 1.8 1.0 All numbers normalized to a 0 to 1 scale Real effective exchange rate (% change,+ =apprec.) 0.3 0.9 0.6 2.1 All data are as of January 2010 and are drawn from the World Trade Indicators 2009/10 Database. The database, Trade-at-a-Glance Tables, Country Trade Briefs and User Guide, are available at http://www.worldbank.org/wti. ^ Indicators shown are period averages. "Latest" indicates 2008, when not available, 2006 or 2007 (noted by *). EAP: East Asia and Pacific, ECA: Europe and Central Asia, LAC: Latin America and the Caribbean, MNA: Middle East and North Africa, SAS: South Asia, SSA: Sub-Saharan Africa. GATT: General Agreement on Tariffs and Trade; WTO: World Trade Organization; FTA: free trade agreement; EIA: economic integration arrangement; NTM: nontariff measures; ROW: rest of the world; CU: customs union; ".." indicates missing value. World Trade Indicators 2009/10 Trade-at-a-Glance Tables INSTITUTIONAL ENVIRONMENT (IE) 2006 2007 2008 2009 Ease of Doing Business (rank out of 183) .. 5 5 6 Ease of Starting a business (rank) .. 16 18 28 Doing 160 Business Enforcing contracts (rank) .. 29 27 28 Rank Closing a business (rank) .. 7 7 7 80 World Governance Indicators (WGI) 2005 2006 2007 2008 Denmark Regulatory Quality (-2.5 to +2.5, best) 1.71 1.86 1.93 1.86 HI OECD Rule of Law (-2.5 to +2.5, best) 1.97 1.95 2.04 1.92 High inc 0 Control of Corruption (-2.5 to +2.5, best) 2.19 2.35 2.39 2.32 TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-08^ Latest Logistics Performance Index (LPI, 1 to 5 best) .. .. 3.9 3.9 Efficiency of customs and other border procedures .. .. 4.0 3.6 Quality of transport and IT infrastructure .. .. 3.8 4.0 Logistics Performance Ease of arranging competitively-priced shipments .. .. 3.7 3.5 Index Logistics competence .. .. 3.8 3.8 Ability to track and trace shipments .. .. 3.8 3.9 0 2 4 Timeliness of shipments .. .. 4.1 4.4 Denmark HI OECD High inc Trading Across Borders (Doing Business, rank out of 183) 5 6 No. of documents required for export .. .. 4 4 200 No. of days required to export .. .. 5 5 160 Cost to export (US$ per container) .. .. 591 744 120 No. of documents required for import .. .. 3 3 80 No. of days required to import .. .. 5 5 40 Cost to import (US$ per container) .. .. 591 744 0 Telephones (fixed + mobile) per 100 people 94.9 149.8 164.6 164.4 Trading Across Borders Rank Internet users per 100 people 14.8 58.7 81.3 84.2 Denmark HI OECD High inc Export credit insured exposures - short term (% of goods export) .. 39.3 41.7 TRADE OUTCOME (TO)# 1995-99^ 2000-04^ 2005-08^ Latest Real growth in trade of goods and services (%) ## 6.0 5.0 7.2 2.9 Real Trade Growth Rate 10 Exports 5.6 4.4 5.8 2.2 9 8.7 8.4 8 Imports 6.4 5.7 8.6 3.7 7 6.6 7.2 6.7 6 6.0 5.8 5.8 Goods 6.3 4.3 4.5 2.2 5 5.0 4 Services 8.9 7.9 11.0 4.7 3 2.9 2.7 2 2.3 Nominal growth in trade of goods and services (%) 5.6 10.0 14.8 15.4 1 0 Exports 5.1 9.9 13.8 15.3 1995-99 2000-04 2005-07 2008 Imports 6.2 10.2 15.9 15.5 Denmark HI OECD Trade integration (trade as % of GDP) 70.3 86.6 100.1 106.7 High inc Goods balance (% GDP) 3.4 4.3 0.8 -0.4 Export Composition (2005-08) Food balance (% GDP) 3.2 2.8 2.2 2.0 Services balance (% GDP) 0.5 1.5 2.6 2.8 Agric, Goods share of total exports (%) 75.4 67.3 63.1 61.5 12.9 Service, Services share of total exports (%) 24.6 32.7 36.9 38.5 36.9 Goods exports as a share of world goods exports (rank)** 27 29 34 34 Services exports as share of world services exports (rank)** 21 17 18 18 Foreign Direct Investment (FDI) inflows (% of GDP) 3.6 5.6 3.2 3.3 Total remittances inflows (% GDP) 0.4 0.4 0.3 0.3 Minral, Manufac, 41.7 1.0 Export product concentration index (0-100, most) 6.8 7.7 7.6 6.9 Fuels, 6.7 Export market concentration index (0-100, most) 27.7 27.0 24.2 22.1 Top 5 export markets (shares) Germany (18%), Sweden (14%), UK (8%), Norway (6%), USA (5%) Top 5 import markets (shares) Germany (21%), Sweden (14%), Netherlands (7%), Norway (6%), China, People's Rep. of (6%) Top 5 export products (SITC 3 digit-shares) 333-Petrol, crude (5%), 542-Medicaments (5%), 12-Meat (4%), 716-Rotating electr plant (3%), 334-Hvy petrol. (3%) Top 5 import products (SITC 3 digit-shares) 334-Hvy petrol. (5%), 781-Cars (4%), 542-Medicaments (2%), 752-Computer eqpt (2%), 764-Telecom eqpt (2%) ^ Indicators shown are period averages (except for Trading Across Borders rank: 2005-08 reflects 2008). "Latest" indicates 2008 (for Doing Business, LPI 2009), when not available, 2006 or 2007 (noted by *). # Outcome indicators are from the World Bank Development Data Group, Prospects Group, UNCTAD and COMTRADE. ## In constant 2000 US dollars. ** Rank is based on average annual world share for each period. The sample sizes are 173, 179, 180 and 173 countries, respectively.