Current Account in Denmark

Denmark Current Account | Economic News & Forecasts

Denmark - Current Account

The economy appeared to ease in Q1 following a strong Q4 last year. In the first quarter, business confidence remained in the doldrums, which, coupled with softer credit growth in January and February, could have kept fixed investment depressed. Moreover, in January and February retail sales were muted, amid higher inflationary pressures and lower consumer confidence, which suggests modest private consumption despite a tight labor market. The manufacturing PMI also ebbed in Q1. In politics, the latest polls suggest the Social Democrats—headed by Mette Frederiksen—hold a commanding lead ahead of general elections which must be held by 17 June, and the center-left bloc is on course for a parliamentary majority. A center-left victory is unlikely to significantly change the current prudent fiscal stance and will likely have a minimal impact on growth prospects this year.

Denmark - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)7.9  8.6  8.8  7.3  7.8  

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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

ValueChangeDate
Bond Yield0.04-1.54 %May 13
Exchange Rate6.65-0.57 %May 13
Stock Market974-0.39 %May 13

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