Current Account in Denmark

Denmark Current Account | Economic News & Forecasts

Denmark - Current Account

Growth slowed in the first quarter due to a weaker external sector and a contraction in public spending. However, private consumption was solid, buoyed by a surge in vehicle sales, and fixed investment rebounded firmly. Turning to Q2, momentum has likely picked up slightly. In April, annual retail sales growth hit a five-month high, which, coupled with a pick-up in annual private sector credit growth, likely propelled domestic demand. Moreover, an extremely tight labor market in April, a solid pick-up in consumer confidence in Q2 and tepid price pressures further suggest the domestic economy will likely drive growth in the second quarter—amid an uncertain external environment. In politics, the Social Democrat Party won parliamentary elections on 5 June. While forming a stable government could be difficult, the impact on growth should be negligible irrespective.

Denmark - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)7.9  8.6  8.2  7.9  7.9  

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Denmark Current Account Chart

Denmark Current Account
Note: Current account balance as % of GDP.
Source: Statistics Denmark (DST) and FocusEconomics calculations.

Denmark Facts

Bond Yield-0.19-1.54 %Jul 11
Exchange Rate6.64-0.57 %Jul 11
Stock Market1,007-0.39 %Jul 11

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