Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.

Wages, Competitiveness and the Balance of Payments

Danish hourly wage costs are among the highest in the world, and the gap to Denmark's competitors has widened in the last decade. Nevertheless, the current-account and trade surpluses are considerable. This is among other things attributable to productivity growth that has been higher than among Denmark's competitors, increased exports of marine freight and of oil and gas from the North Sea, as well as improved terms of trade.