The Triangle Region is the second most productive industrial area in Denmark
High-productivity industry
Labor productivity in the Triangle Region, measured as gross value added per full-time equivalent, is high. The high productivity is partly due to the fact that the business sector in the Triangle Region is concentrated in industries that have high productivity, especially Industry and Trade – these are the largest industries in the Triangle Region and also constitute a larger share of the gross value added in the Triangle Region than in the rest of the country.
In 2024, each full-time employee (full-time equivalent) in the industry in the Triangle Region created value of just over DKK 1.3 million. Thus, productivity in the industry is higher in the Triangle Region than in the metropolitan areas around Aarhus, Odense, and Aalborg. Within the industry, the Capital Region is far more productive than the other urban areas. This is partly due to the large concentration of the pharmaceutical industry in the Capital Region.
Strong growth in recent years
Growth in industry is created when the value of production increases. This can either be driven by productivity increases or by hiring more employees to increase production. The industry in the Triangle Region did not create significant growth over a longer period from 2014-2020. But since 2020, the gross value added in the industry in the Triangle Region has increased markedly.
Looking specifically at the most recent year, the industry in the Triangle Region has experienced significant growth (6.2%). However, this is only the second highest growth among the metropolitan areas, as the industry, particularly the pharmaceutical industry, in the Capital Region has grown even more (16.3%).
About gross value added (GVA) and productivity
Gross value added (GVA) is, like GDP, an expression of the total value added in an area. GVA is calculated as the production value at basic prices (excluding product taxes) minus the total value of consumption in production at purchaser prices. GVA can be broken down by industries.
Productivity here is defined as labor productivity and measured as gross value added (GVA) per full-time equivalent. One full-time equivalent corresponds to one person's full-time work or 1,924 hours per year.