Current account of the balance of payments
How much is Denmark's balance of payments surplus? And how is the surplus on items such as goods, services, income and transfers? The current account of the balance of payments covers all the economic transactions Denmark has with other countries, and it shows the relationship between imports and exports.
Explainer on…
Time series assessed on a monthly or quarterly basis are often affected by phenomena that appear at the same time every year. The time series are said to be subject to seasonal effects. When making a seasonal adjustment, you try to remove seasonal effects from the time series.
Selected statistics on Current account of the balance of payments
Balance of payments surplus
The statistics are compiled based on several surveys, statistics, and administrative data. The most important sources are summarized below: - Statistics on International Trade in Goods, including supplementary information on the nature of individual transactions. - Statistics on International Trade in Services. - Supplementary information about businesses collected in the International Trade in Services survey: Trade in goods not crossing the Danish border. Price adjustment of goods that have crossed the Danish border. - Unilateral transfers to and from abroad. Trade in non-produced non-financial assets with foreign countries (e.g., trademarks and football players' licenses to play club football). - Insurance premiums and claims to and from abroad. - Nationalbankens compilation of Danish residents' investment income to and from abroad. - Information about public administration and service. - Information about Danish residents' wages and transfers from abroad and foreign residents' wages and transfers from Denmark. - Information on the import of illegal goods. - Survey of foreign embassies and international organizations' consumption in Denmark
Development in the items' contribution to the balance of payments
The statistics are compiled based on several surveys, statistics, and administrative data. The most important sources are summarized below: - Statistics on International Trade in Goods, including supplementary information on the nature of individual transactions. - Statistics on International Trade in Services. - Supplementary information about businesses collected in the International Trade in Services survey: Trade in goods not crossing the Danish border. Price adjustment of goods that have crossed the Danish border. - Unilateral transfers to and from abroad. Trade in non-produced non-financial assets with foreign countries (e.g., trademarks and football players' licenses to play club football). - Insurance premiums and claims to and from abroad. - Nationalbankens compilation of Danish residents' investment income to and from abroad. - Information about public administration and service. - Information about Danish residents' wages and transfers from abroad and foreign residents' wages and transfers from Denmark. - Information on the import of illegal goods. - Survey of foreign embassies and international organizations' consumption in Denmark
The items' contribution to the balance of payments, latest month
The statistics are compiled based on several surveys, statistics, and administrative data. The most important sources are summarized below: - Statistics on International Trade in Goods, including supplementary information on the nature of individual transactions. - Statistics on International Trade in Services. - Supplementary information about businesses collected in the International Trade in Services survey: Trade in goods not crossing the Danish border. Price adjustment of goods that have crossed the Danish border. - Unilateral transfers to and from abroad. Trade in non-produced non-financial assets with foreign countries (e.g., trademarks and football players' licenses to play club football). - Insurance premiums and claims to and from abroad. - Nationalbankens compilation of Danish residents' investment income to and from abroad. - Information about public administration and service. - Information about Danish residents' wages and transfers from abroad and foreign residents' wages and transfers from Denmark. - Information on the import of illegal goods. - Survey of foreign embassies and international organizations' consumption in Denmark
On the statistics – documentation, sources and method
See the documentation of statistics to learn more:
The balance of payments describes the economic transactions between Denmark and the rest of the world. The balance of payments for Denmark has been compiled since 1934, with a continuous time series available since 2005. Today the main emphasis is placed upon incomes and expenses in relation to foreign countries. Originally, the most important item was the foreign debt, which is compiled as part of the International Investment Position (IIP) – Denmark’s external assets and liabilities. Since 1991 the IIP has been compiled by Danmarks Nationalbank. The balance of payments statistics are compiled in cooperation between Danmarks Nationalbank and Statistics Denmark, the latter being responsible for publishing the consolidated statistics.