Denmark - Current Account Balance





Denmark: Current Account Balance

Mnemonic TAB.IDNK
Unit Mil. DKK, NSA
Adjustments Not Seasonally Adjusted
Monthly 87.28 %
Data Sep 2018 17,102
Aug 2018 9,132

Series Information

Source Statistics Denmark
Release Balance of Payments
Frequency Monthly
Start Date 1/31/2005
End Date 9/30/2018

Denmark: Trade

Reference Last Previous Units Frequency
Balance of Goods Sep 2018 4,773 2,339 Mil. DKK, SA Monthly
Current Account Balance Sep 2018 17,102 9,132 Mil. DKK, NSA Monthly
Exports of Goods Sep 2018 56,292 55,648 Mil. DKK, SA Monthly
Imports of Goods Sep 2018 51,518 53,308 Mil. DKK, SA Monthly
Exports of Goods and Services 2018 Q2 296.62 295.95 Bil. DKK, SA Quarterly
Imports of Goods and Services 2018 Q2 278.97 271.35 Bil. DKK, SA Quarterly
Real Exports of Goods and Services 2018 Q2 283.57 284.39 Bil. Ch. 2010 DKK, SA Quarterly
Real Imports of Goods and Services 2018 Q2 265.61 263.08 Bil. Ch. 2010 DKK, SA Quarterly

Release Information

The balance of payments describes the economic movements between Denmark and the rest of the world. The balance of payments for Denmark has been compiled since 1934. The BOP  is compiled in cooperation between Danmarks Nationalbank and Statistics Denmark. Statistics Denmark is responsible for publishing the consolidated statistics.

The balance of payments statistics is used in the compilation of the national accounts. It records the value of the economic transactions which are made within a given period between the Danish balance of payments area and the rest of the world. Until September 2000 the account also covered the Faroe Islands and Greenland, but since then it has only covered Denmark.

The BOP statistics data are published quarterly, 70 days after the end of the reference period. The main balances are published monthly, approx. 40 days after the end of the particular month.

The BOP can be divided into three main accounts: the current account showing income and expenditure, the capital account and the financial account showing how a deficit/surplus on current account is financed/spent or transactions within these two accounts. The following main items are entered under current account: goods, services, income, and current transfers.

The most frequently used statistical measure is the current account balance also just sometimes referred to as the balance of payments surplus or deficit.

Since 1949, the Danish BOP has been adapted to the form and concepts used by the IMF with the limitations imposed by the primary statistical material. In 1998, the compilation was adapted to the IMF balance of payments manual from 1993 (the fifth manual). In 2014, the compilation was adapted to the IMF balance of payments manual from 2009 (the sixth manual).

Actual balance of payments statements have been prepared since 1934. From 1949 the statements have been adapted to the form used by the IMF with the limitations imposed by the primary statistical material. Up to 1997 there are very long series for the main items without any noticeable breaks.

In 1998, the compilation was adapted to the IMF balance of payments manual from 1993 (the fifth manual). Back data to 1988 for the most important items are available.

In 2014, the compilation was adapted to the IMF balance of payments manual from 2009 (the sixth manual). Back data to 2005 are available.

Current publications: The balance of payments current acount is published in News from Statistics Denmark, National Accounts and Balance of Payments (Statistical News) ("Nationalregnskab og betalingsbalance"). The balance of payments financial account is published in Financial Statistics ("Finansiel Statistik, Tabeltillæg") from Danmarks Nationalbank.

At www.statistikbanken.dk the current account is published in BB1 (monthly figures, net), in BB2 (quarterly figures), and in BB3 (annual figures). The financial account is published in DNBOPF and in other tables (monthly figures, gross and net). The international investment position is published in DNKAP and in other tables. All tables are to be found under the heading National accounts and balance of payments.

Annual publications: Statistical Yearbook and Statistical 10-year Review.

Sources:

According to Statistics Denmark, the statistics are prepared on a basis of the foreign trade statistics, cf. External trade in goods and International trade in services, and furthermore financial statistics of Danmarks Nationalbank (the Danish central bank) and information from public authorities, cf. General Government Finances. Supplementary information from other statistics is used. Some of the sources are used as they stand while others are used as indicators of development.

The settlements statistics of Danmarks Nationalbank have for many years been an all-important source for the balance of payments statistics. The collection of informations for the settlements statistics ceased by new year 2004/05.

More detailed information can be found at: www.dst.dk/declarations/915