The Danish current account deficit fell slightly to DKK 0.9 billion in March 2019 from DKK 1 billion in the same month of the previous year. It was the first current account gap since April last year, as the services account posted a deficit of DKK 3.1 billion, swinging from a DKK 0.5 billion surplus in March 2018. Meantime, the secondary income deficit was unchanged at DKK 0.8 billion while the primary income shortfall decreased to DKK 8.5 billion from DKK 9.5 billion. On the other hand, the goods surplus increased to DKK 11.5 billion from DKK 8.8 billion in March last year. Current Account in Denmark averaged 9369.63 DKK Million from 2005 until 2019, reaching an all time high of 20001 DKK Million in February of 2017 and a record low of -4967 DKK Million in March of 2008.
Current Account in Denmark is expected to be 16400.00 DKK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Denmark to stand at 8000.00 in 12 months time. In the long-term, the Denmark Current Account is projected to trend around 9500.00 DKK Million in 2020, according to our econometric models.