Denmark has maintained a credit-friendly stance, with payment delays occurring most often due to buyers using outstanding invoices as a form of financing. The country had the highest percentage of respondents who reported this in the Western Europe region overall. Despite a significant decrease in 2018, bankruptcy remains the main reason for write-offs. The GDP of Denmark is €295.06 billion, with a GDP growth rate of 1.5% and an export annual growth rate of 1.2%. The top 5 export sectors are machinery/electrical, chemicals, animal/animal products, miscellaneous, and foodstuff, with Germany, Sweden, USA, United Kingdom, and China as the top 5 export destinations. The top 5 import sectors are machinery/electrical, transportation, chemicals, metals, and miscellaneous, with Germany, Sweden, The Netherlands, China, and United Kingdom as the top 5 import destinations.
