Current Account in Denmark

Denmark Current Account (USD bn) | Economic News & Forecasts

Denmark - Current Account (billions of U.S. Dollars)

A flash estimate revealed that the economy continued to grow robustly in Q3, despite momentum cooling somewhat. The upswing was in no small part due to the removal of all domestic Covid-19 restrictions in early September. Prospects for the final quarter of the year remain upbeat: In October, the manufacturing PMI hit its highest level since at least April 1998, and business confidence climbed to an over-seven year high, which bodes well for investment in the quarter. However, authorities are considering reinstating the Covid-19 pass following a recent spike in infections. Meanwhile, on 12 November, Scope Ratings affirmed the country’s ‘AAA’ rating with a stable outlook, highlighting its wealthy and competitive economy, low levels of public debt and robust public finances, as well as a strong institutional framework. The agency noted high levels of household debt and rising housing prices as risks.

Denmark - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)25.1  24.3  25.7  24.7  27.0  

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Denmark Current Account (USD bn) Chart

Denmark Current Account
Note: Current account balance as % of GDP.
Source: Statistics Denmark (DST) and FocusEconomics calculations.

Denmark Facts

Value Change Date
Bond Yield-0.15-1.54 %Jan 01
Exchange Rate6.66-0.57 %Jan 01

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