Current Account in Denmark

Denmark Current Account | Economic News & Forecasts

Denmark - Current Account

A strong performance in the external sector drove a solid GDP result in the third quarter. However, although export growth recovered in the quarter, the positive contribution to headline growth was largely due to a sharp fall in imports. The domestic economy meanwhile suffered from a marked contraction in fixed investment mostly due to a one-off effect caused by important ship purchases in the prior quarter, while private consumption was lackluster. Data for the fourth quarter has thus far been mixed. The manufacturing PMI receded in November, primarily due to slower growth in new orders and production, but remained in expansionary territory nonetheless, while industrial production growth moderated in October. Economic sentiment has been more downbeat in the quarter, with consumer confidence falling for the fifth consecutive month in November and business confidence remaining pessimistic. On the other hand, wage growth has been robust in most sectors and should feed through to stronger household spending, while a rebound in merchandise exports in October bodes well for the external economy.

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 Yield0.17-1.54 %Jan 16
Exchange Rate6.55-0.57 %Jan 16
Stock Market924-0.39 %Jan 16

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