The Danish current account surplus narrowed slightly to DKK 15.5 billion in October 2018 from DKK 15.8 billion in the same month of the previous year. The goods surplus rose to DKK 13.4 billion from DKK 10.6 billion in October last year while the primary income surplus was unchanged at DKK 5.7 billion. The services account posted a deficit DKK 0.8 billion, swinging from a DKK 2.3 billion surplus and the secondary income deficit rose to DKK 2.8 billion from DKK 2.7 billion. Current Account in Denmark averaged 9376.31 DKK Million from 2005 until 2018, 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 10600.00 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 10200.00 in 12 months time. In the long-term, the Denmark Current Account is projected to trend around 6200.00 DKK Million in 2020, according to our econometric models.