The Danish current account surplus increased to DKK 12 billion in February 2019 from DKK 11.4 billion in the same month of the previous year. The goods surplus increased to DKK 11.5 billion from DKK 10.6 billion in February last year and the secondary income deficit declined to DKK 3.7 billion from DKK 3.9 billion. Meantime, the services account gap rose to DKK 0.6 billion from DKK 0.5 billion in February 2018 and the primary income surplus decreased to DKK 4.8 billion from DKK 5.2 billion. Current Account in Denmark averaged 9456.58 DKK Million from 2005 until 2019, 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 16400.00 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 8000.00 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.