Current Account in Denmark

Denmark Current Account | Economic News & Forecasts

Denmark - Current Account

Economic growth gained traction in the second quarter according to a flash GDP report. A strong industrial sector and resilient external sector, despite a more challenging global environment and broader slowdown in Europe, led the acceleration. Moreover, household spending should have continued to rise, supported by a relatively healthy labor market and low inflation. Turning to the third quarter, however, available data suggests the economy may be losing some steam. The manufacturing PMI remained mired in contractionary territory in July, although improved from June thanks to a pick-up in new orders. That said, consumer confidence rebounded in August after falling in July, which bodes well for private consumption in Q3.

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-0.64-1.54 %Sep 04
Exchange Rate6.76-0.57 %Sep 04
Stock Market1,052-0.39 %Sep 04

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