Trade Balance in Denmark

Denmark - Trade Balance
The economy was set back at the outset of 2022, with GDP recording a marginal decline in sequential terms. The slowdown was largely attributable to sharp moderations in government spending and private consumption, due to a statistical effect and rising price pressures. That said, the scrapping of Covid-19 restrictions towards the end of Q1 should have supported activity somewhat. Moving to the second quarter, momentum is seemingly further being dampened by constrained household spending. Inflation hit its highest value in nearly four decades in April, while consumer sentiment tumbled to its lowest levels on record in April and May due to heightened global uncertainty. That said, the ongoing tightening of the labor market through March should be providing some support. In politics, in early May a cabinet reshuffle took place for the second time since the government took office in 2019.Denmark - Trade Balance Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Trade Balance (USD billion) | 9.3 | 10.3 | 9.3 | 6.9 | 12.7 |
Denmark Trade Balance Chart

Source: Statistics Denmark (DST) and FocusEconomics calculations.
Denmark Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | -0.15 | -1.54 % | Jan 01 |
Exchange Rate | 6.66 | -0.57 % | Jan 01 |
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Economic News
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Denmark: Business sentiment rises in January, but remains in negative territory
January 24, 2023
Business confidence rose to minus 16.0 in January from December's minus 17.0.
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Denmark: Consumer sentiment continues to improve in January; remains deeply pessimistic
January 23, 2023
Consumer sentiment came in at minus 26.1 in January, improving from the prior month’s minus 28.9.
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Denmark: Inflation plunges to lowest level since July in December
January 10, 2023
Inflation came in at 8.7% in December, which was down from November’s 8.9%.
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Denmark: Manufacturing production bounces back in November
January 10, 2023
Manufacturing output grew 2.4% month-on-month in seasonally-adjusted terms in November (October: -2.7% mom).
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Denmark: Business sentiment deteriorates again in December
January 5, 2023
Business sentiment dropped to minus 17.0 in December from November’s minus 15.0.