Denmark recorded a Current Account surplus of 7.80 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Current Account to GDP in Denmark averaged 2.26 percent from 1980 until 2020, reaching an all time high of 8.90 percent in 2014 and a record low of -6 percent in 1986. This page provides - Denmark Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Denmark Current Account to GDP - values, historical data and charts - was last updated on September of 2021.

Current Account to GDP in Denmark is expected to reach 8.10 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Denmark Current Account to GDP is projected to trend around 7.90 percent in 2022 and 7.50 percent in 2023, according to our econometric models.

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Denmark Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
7.80 8.90 8.90 -6.00 1980 - 2020 percent of GDP Yearly

Denmark Trade Last Previous Highest Lowest Unit
Balance of Trade 12567.00 16348.00 20181.00 -2969.00 DKK Million [+]
Current Account 16594.00 20119.00 22980.00 -1400.00 DKK Million [+]
Current Account to GDP 7.80 8.90 8.90 -6.00 percent of GDP [+]
Imports 104849.00 104179.00 105198.00 915.00 DKK Million [+]
Exports 117416.00 120527.00 120580.00 771.00 DKK Million [+]
External Debt 52056.00 57065.00 176785.00 388.00 DKK Million [+]
Terms of Trade 113.30 115.20 115.20 93.80 points [+]
Capital Flows 329.00 7.00 4975.00 -706.00 DKK Million [+]
Gold Reserves 66.55 66.55 66.60 66.55 Tonnes [+]
Crude Oil Production 68.89 66.46 418.20 59.17 BBL/D/1K [+]
Weapons Sales 4.00 31.00 272.00 1.00 SIPRI TIV Million [+]
Terrorism Index 1.48 0.96 2.15 0.00 [+]
Foreign Direct Investment 24.40 -0.60 54.50 -21.40 DKK Billion [+]


Denmark Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.