Current Account in Denmark

Denmark Current Account | Economic News & Forecasts

Denmark - Current Account

The economy accelerated in Q4 2018, thanks to solid momentum in the industrial and transport sectors, according to the Statistical Institute’s preliminary GDP estimate. Turning to Q1, the economy appears to be facing mounting headwinds at the start of the year. Business sentiment remained decidedly pessimistic in January, likely mired by uncertainty surrounding Brexit negotiations and future export prospects, while the manufacturing PMI lost ground in the same month on weaker growth in production and employment. In other news, following its first intervention in the foreign exchange market in nearly three years in December, the Central Bank intervened again in January to defend the currency peg after the krone weakened due to feeble international demand. This is likely a first step in the transition towards a normalization of monetary policy.

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

Bond Yield0.16-1.54 %Mar 11
Exchange Rate6.63-0.57 %Mar 11
Stock Market990-0.39 %Mar 11

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