FX.co ★ Danish Current Account Surplus Hits 1-Year Low

In May 2025, Denmark experienced a reduction in its seasonally adjusted current account surplus, which fell to DKK 28.3 billion from a revised DKK 29.9 billion in April. This represents the smallest surplus since May 2024. The contraction was mainly attributed to a decrease in the goods account surplus, which dropped to DKK 22.7 billion from DKK 26.1 billion, driven by a 1.2% fall in exports. Additionally, the services account surplus fell to DKK 0.6 billion, down from DKK 1.1 billion. Despite these declines, the primary income surplus increased to DKK 8.0 billion from DKK 5.6 billion, partially mitigating the overall reduction. Meanwhile, the secondary income deficit slightly expanded to DKK 3.1 billion from DKK 2.9 billion.