Current account balance in Denmark
Denmark: Current account balance was 51.77 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Denmark, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Denmark recorded 51.77 billion BoP, current US$ for current account balance in 2024. That is the highest value across all 50 years on record.
The figure is up 16.2% on the previous year and up 76.0% over ten years.
Over the whole period, current account balance in Denmark peaked at 51.77 billion BoP, current US$ in 2024 and was at its lowest, -4.49 billion BoP, current US$, in 1986.
That places Denmark 12th out of 200 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Denmark, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1975 | -490.03 million BoP, current US$ | — |
| 1976 | -1.91 billion BoP, current US$ | +290.6% |
| 1977 | -1.72 billion BoP, current US$ | -10.0% |
| 1978 | -1.50 billion BoP, current US$ | -12.8% |
| 1979 | -3.06 billion BoP, current US$ | +103.5% |
| 1980 | -2.39 billion BoP, current US$ | -21.8% |
| 1981 | -1.88 billion BoP, current US$ | -21.5% |
| 1982 | -2.26 billion BoP, current US$ | +20.5% |
| 1983 | -1.38 billion BoP, current US$ | -38.8% |
| 1984 | -1.72 billion BoP, current US$ | +24.3% |
| 1985 | -2.77 billion BoP, current US$ | +61.1% |
| 1986 | -4.49 billion BoP, current US$ | +62.3% |
| 1987 | -3.00 billion BoP, current US$ | -33.2% |
| 1988 | -1.34 billion BoP, current US$ | -55.4% |
| 1989 | -1.12 billion BoP, current US$ | -16.6% |
| 1990 | 1.37 billion BoP, current US$ | -222.7% |
| 1991 | 1.98 billion BoP, current US$ | +44.6% |
| 1992 | 4.20 billion BoP, current US$ | +111.7% |
| 1993 | 4.83 billion BoP, current US$ | +15.1% |
| 1994 | 3.19 billion BoP, current US$ | -34.0% |
| 1995 | 1.85 billion BoP, current US$ | -41.8% |
| 1996 | 3.09 billion BoP, current US$ | +66.6% |
| 1997 | 921.26 million BoP, current US$ | -70.2% |
| 1998 | -2.01 billion BoP, current US$ | -318.0% |
| 1999 | 3.05 billion BoP, current US$ | -251.7% |
| 2000 | 2.26 billion BoP, current US$ | -25.8% |
| 2001 | 4.85 billion BoP, current US$ | +114.3% |
| 2002 | 3.46 billion BoP, current US$ | -28.6% |
| 2003 | 6.96 billion BoP, current US$ | +101.2% |
| 2004 | 5.94 billion BoP, current US$ | -14.7% |
| 2005 | 11.01 billion BoP, current US$ | +85.3% |
| 2006 | 9.46 billion BoP, current US$ | -14.0% |
| 2007 | 4.84 billion BoP, current US$ | -48.8% |
| 2008 | 10.41 billion BoP, current US$ | +115.1% |
| 2009 | 11.84 billion BoP, current US$ | +13.7% |
| 2010 | 20.62 billion BoP, current US$ | +74.1% |
| 2011 | 21.83 billion BoP, current US$ | +5.8% |
| 2012 | 19.74 billion BoP, current US$ | -9.6% |
| 2013 | 25.45 billion BoP, current US$ | +28.9% |
| 2014 | 29.42 billion BoP, current US$ | +15.6% |
| 2015 | 24.24 billion BoP, current US$ | -17.6% |
| 2016 | 22.33 billion BoP, current US$ | -7.9% |
| 2017 | 24.65 billion BoP, current US$ | +10.4% |
| 2018 | 22.46 billion BoP, current US$ | -8.9% |
| 2019 | 25.95 billion BoP, current US$ | +15.5% |
| 2020 | 26.00 billion BoP, current US$ | +0.2% |
| 2021 | 34.95 billion BoP, current US$ | +34.4% |
| 2022 | 44.62 billion BoP, current US$ | +27.7% |
| 2023 | 44.55 billion BoP, current US$ | -0.2% |
| 2024 | 51.77 billion BoP, current US$ | +16.2% |
Denmark compared with similar countries
- Denmark's 51.77 billion BoP, current US$ is above the median for high income countries, which is 303.23 million BoP, current US$, 170.7× the median. (72 countries reporting)
- Denmark's 51.77 billion BoP, current US$ is above the median for Europe & Central Asia, which is -814.98 million BoP, current US$. (51 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Denmark changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | -318.0% | 921.26 million BoP, current US$ | -2.01 billion BoP, current US$ |
| 1976 | -290.6% | -490.03 million BoP, current US$ | -1.91 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.74 billion BoP, current US$ | -3.06 billion BoP, current US$ | -490.03 million BoP, current US$ | 5 |
| 1980s | -2.23 billion BoP, current US$ | -4.49 billion BoP, current US$ | -1.12 billion BoP, current US$ | 10 |
| 1990s | 2.25 billion BoP, current US$ | -2.01 billion BoP, current US$ | 4.83 billion BoP, current US$ | 10 |
| 2000s | 7.10 billion BoP, current US$ | 2.26 billion BoP, current US$ | 11.84 billion BoP, current US$ | 10 |
| 2010s | 23.67 billion BoP, current US$ | 19.74 billion BoP, current US$ | 29.42 billion BoP, current US$ | 10 |
| 2020s | 40.38 billion BoP, current US$ | 26.00 billion BoP, current US$ | 51.77 billion BoP, current US$ | 5 |
Countries ranked near Denmark
More economy & growth data for Denmark
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9574 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30.70 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0723 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5,136 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 18.24 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 121.54 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.043 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 3,052 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 17.85 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Denmark?
- Current account balance in Denmark was 51.77 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Denmark?
- The highest recorded value was 51.77 billion BoP, current US$ in 2024.
- What is the lowest current account balance recorded in Denmark?
- The lowest recorded value was -4.49 billion BoP, current US$ in 1986.
- How does Denmark rank for current account balance?
- Denmark ranks 12th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Denmark?
- Over the last ten years it is up 76.0%. The long-run trend across the full record is volatile.
- Where does this Denmark data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.