Current Account in Denmark

Denmark Current Account | Economic News & Forecasts

Denmark - Current Account

Growth moderated in the third quarter, mainly due to a steeper fall in fixed investment, while exports also eased markedly. Private consumption, however, rebounded robustly in Q3 due to strong wage growth. Turning to the fourth quarter, the economy likely remains soft. Consumer and business confidence remained depressed in November and industrial production eased to a fourteen-month low in October. Furthermore, on the external front, merchandise exports contracted for the first time in three months in October amid muted growth in the Euro area. In contrast, retail sales perked up in October, which, coupled with ultra-low interest rates, should be fueling household spending. Moreover, the manufacturing PMI hit a seven-month high in November.

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-0.15-1.54 %Jan 01
Exchange Rate6.66-0.57 %Jan 01

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