Statistical news focuses on the latest figures and trends in Danmarks Nationalbank’s statistics. Statistical news is targeted at people who want quick insight into current financial data.
Significant decrease in the IIP
Then international investment position (IIP) fell by kr. 480 billion to kr. 958 billion in the first half of 2024 and now amounts to 34 per cent of GDP. The IIP is the value of Danish investments abroad (the assets) minus the value of foreign investments in Denmark (the liabilities). The fall in the IIP reflects that the value of liabilities increased more than the value of assets. Liabilities increased primarily due to price increases on Danish shares owned by foreigners, including especially shares in Novo Nordisk. Price increases meant that the value of foreign investors' shares in Novo Nordisk increased by kr. 834 billion in the first half of 2024, which reduced the IIP correspondingly. Assets also increased, especially due to price increases on foreign shares owned by Danish investors. Price and foreign exchange rate changes will typically level out in the long term, with the development of the IIP primarily driven by balance of payments surpluses. That surplus was kr. 158 billion in the first half of the year and is a measure for Denmark's savings abroad.