Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/305408 
Year of Publication: 
2024
Series/Report no.: 
Economic Memo No. 6
Publisher: 
Danmarks Nationalbank, Copenhagen
Abstract: 
Over the past 30 years, Denmark has had a savings surplus in the sense that gross savings have exceeded gross investments. This is equivalent to a current account surplus, and it has been particularly evident since the global financial crisis in 2008. The savings surplus has to a large extent been accounted for by firms. While the level of investment of non-financial firms is comparable to other countries, their earnings and gross savings are high by international comparison. For households, healthy pension contributions have to some extent been offset by borrowing, but their financial wealth has been increasing due to valuation gains on financial assets.
Document Type: 
Research Report

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