Value added by industry
Value added is usually defined as a company’s or an industry’s production minus the value of input goods. Value added is the company’s or industry’s contribution to the Gross Domestic Product (GDP) or on the regional level the Gross Regional Product (GRP). Just as with employment statistics, economic statistics show that there are essential differences in industry within different parts of the Öresund region. In Region Sealand and Region Skåne, the manufacturing industry still plays an important roll in the economy, while in the Capital Region of Denmark it accounts for a minor part of total production value. In the Capital Region of Denmark, the industrial sector (including construction) accounts for only 16 percent of the total value added for 2004, compared to 24 percent in Region Sealand and 25 percent in Region Skåne.
In contrast, the private service sector (transport, communication, real estate, financial and business services) accounts for 58 percent of the total value added in the Capital Region of Denmark, and for 40 percent in Region Sealand and Region Skåne. On the industrial side the chemical and plastics industry are nearly the same size in the three regional areas but there are significant differences about how the industry is composed there. Wholesale and retail trade is also well-represented in all three regional areas. An essential difference is the finance sector’s importance in the Capital Region of Denmark, which is due to the industry typically being heavily concentrated in proximity to the capital city. Transport and telecommunication are also strongly overrepresented in the Capital Region of Denmark.
- Value added by industry in Öresund region 1993-2004, constant prices, reference year 2000 (EUR billions)
Source: Statistics Denmark, Statistics Sweden. Processed by Region Skåne and Öresund Committee.
