Danish’s current account surplus widened sharply to DKK 19.1 billion in August 2019 from DKK 9.3 billion in the corresponding month of the previous year, as the goods surplus jumped to DKK 14.7 billion from DKK 4.2 billion in August last year and the primary income surplus went up to DKK 1.5 billion from DKK 1.3 billion. Meanwhile, the services account surplus fell to DKK 5.7 billion from DKK 6.4 billion a year earlier and the secondary income deficit rose to DKK 2.9 billion from DKK 2.6 billion. Current Account in Denmark averaged 9774.71 DKK Million from 2005 until 2019, reaching an all time high of 23871 DKK Million in July of 2019 and a record low of -4967 DKK Million in March of 2008.
Current Account in Denmark is expected to be 12000.00 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 13000.00 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.