Denmark Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Denmark's foreign reserves was $123.3B in 2025, ranked 26th globally. This represents a 13.7% increase from 2024. Data from World Bank, covering 1960–2025.
Overview
Denmark's foreign reserves stood at $123.3B in 2025, a rise of +$14.9B from 2024. Based on recent trends, this figure is projected to reach $123.3B by 2025. Denmark ranked 26th globally.
Denmark’s foreign exchange reserves have risen dramatically from a modest 287,547,600.00 in 1960 to an all‑time high of 123,271,087,227.65 in 2025, placing the country 26th globally. The early 1960s marked the lowest point, with reserves dipping to 255,803,820.00 in 1962, after which a steady accumulation began, reflecting Denmark’s prudent fiscal policies, a strong export sector and the gradual liberalisation of its financial markets. Over the 66‑year coverage period, the reserve stock grew at an average annual rate of roughly 7.5%, outpacing many peers; for example, Malaysia held 117,897,309,835.35 and Canada 129,155,937,288.09 in the same year. The upward trajectory has been reinforced by Denmark’s participation in the European Union’s monetary coordination mechanisms and its consistent current‑account surpluses. Barring major external shocks or a shift in exchange‑rate policy, the reserve pool is likely to keep expanding, albeit at a slower pace as the country approaches the upper range of its historical growth curve.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $142.9B | - | - |
| 2026* trend | $133.1B | - | - |
| 2025* trend | $123.3B | - | - |
| 2025 | $123.3B | +$14.9B | #26 |
| 2024 | $108.4B | −$965.7M | #24 |
| 2023 | $109.4B | +$13.3B | #27 |
| 2022 | $96.1B | +$13.8B | #27 |
| 2021 | $82.2B | +$9.4B | #31 |
| 2020 | $72.8B | +$6.0B | #32 |
| 2019 | $66.8B | −$4.1B | #34 |
| 2018 | $70.9B | −$4.3B | #29 |
| 2017 | $75.2B | +$11.0B | #29 |
| 2016 | $64.2B | −$969.3M | #29 |
| 2015 | $65.2B | −$10.2B | #28 |
| 2014 | $75.4B | −$13.3B | #27 |
| 2013 | $88.7B | −$1.0B | #24 |
| 2012 | $89.7B | +$4.7B | #24 |
| 2011 | $85.0B | +$8.4B | #24 |
Detected Pattern
Analysis
Denmark matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Denmark's foreign reserves was $123.3B in 2025. Ranked 26th globally. This represents a 13.7% increase from the previous year.
Denmark's foreign reserves peaked at $123.3B in 2025.
The lowest foreign reserves in Denmark was $255.8M in 1962.
Denmark ranks 26th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Denmark's foreign reserves is projected to reach $123.3B by 2025 based on trend extrapolation.
Denmark's foreign reserves was approximately 123.27 billion ($123.3B) in 2025.
The foreign reserves of Denmark in 2025 was $123.3B. This ranks 26th in the world.
Cite this page
@misc{historysaid_denmark_reserves,
title = {Denmark Foreign Reserves},
url = {https://historysaid.com/denmark/reserves/},
publisher = {HistorySaid},
year = {2026}
}