Relevance

User Needs

The balance of payments statistics traditionally serve as one of the most important background information for forecasting and planning of the country's economic policy. Ministries (especially the Ministry for Finance), politicians and centers for economic analysis are therefore the main users of the statistics.

The balanced of payments is also used in the compilation of national accounts, as it is the rest of the world sector.

User Satisfaction

As a supplement to the daily contact, Statistics Denmark has a number of advisory committees and expert committees (consisting of key users and stakeholders) where users are consulted about their data needs. The degree of user’s satisfaction is very high. There has been a desire for higher geographical detail in the monthly publications of the balance of payments.

Data completeness rate

The publication of data in the Danish balance of payments is largely compatible with the EU requirements on data reporting (reporting to Eurostat). The national dissemination of the subcomponent “transfers” is an exception, as it deviates from international recommendations due to there is no distinction between the private and public sectors. In addition, an aggregation is performed in some cases where the statistical uncertainty is considered too high for independent publication.