|Unit||Mil. DKK, NSA|
|Adjustments||Not Seasonally Adjusted|
|Balance of Goods||May 2022||-1,537||-3,165||Mil. DKK, SA||Monthly|
|Current Account Balance||May 2022||30,344||23,118||Mil. DKK, NSA||Monthly|
|Exports of Goods||May 2022||75,814||72,619||Mil. DKK, SA||Monthly|
|Imports of Goods||May 2022||77,351||75,785||Mil. DKK, SA||Monthly|
|Exports of Goods and Services||2022 Q1||422.53||415.26||Bil. DKK, SA||Quarterly|
|Imports of Goods and Services||2022 Q1||366.4||365.98||Bil. DKK, SA||Quarterly|
|Real Exports of Goods and Services||2022 Q1||322.77||332.89||Bil. Ch. 2010 DKK, SA||Quarterly|
|Real Imports of Goods and Services||2022 Q1||294.24||302.2||Bil. Ch. 2010 DKK, SA||Quarterly|
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 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.
The BOP statistics data are published quarterly, 70 days after the end of the reference period. The main balances are published monthly, approximately 40 days after the end of the particular month.
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.
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.
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.
Statistical Yearbook (annual)
Statistical 10-year Review (annual)
Statistics Denmark revises published figures in accordance with the Revision Policy for Statistics Denmark. The common procedures and principles of the Revision Policy are for some statistics supplemented by a specific revision practice.
After the first publication of the balance of payments, it is continuously adjusted, as supplementary or adjusted statistical material appears.
Property income from direct investment is projected on the basis of an aggregated estimate for the profit of the enterprise, as well as current information on distributed dividend. Data are not reported until up to 22 months after the end of the reference period. Data are published in October the year after the end of the reference period. Until then monthly data are based on estimated figures and therefore subject to more uncertainty than reported figures.
According to practice the data of the months of the previous year are locked by late September. Simultaneously the data of the preceding year are revised and locked again. The data of the latter year are revised again internally around January for being included in the final National Account compilations. These data are thus declared final the following September.