Denmark Balance of Payments (BoP): Current Account

2005 - 2018 | Monthly | DKK mn | Statistics Denmark

Denmark’s Balance of Payments (BoP): Current Account data was reported at 9,118.000 DKK mn in Aug 2018. This records a decrease from the previous number of 17,320.000 DKK mn for Jul 2018. Denmark’s Balance of Payments (BoP): Current Account data is updated monthly, averaging 9,271.500 DKK mn from Jan 2005 to Aug 2018, with 164 observations. The data reached an all-time high of 20,001.000 DKK mn in Feb 2017 and a record low of -4,967.000 DKK mn in Mar 2008. Denmark’s Balance of Payments (BoP): Current Account data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JB001: BPM6: Balance of Payments.

Last	15,467.000 May 2018
Previous	-891.000 Apr 2018
Min	-4,967.000 Mar 2008
Max	19,893.000 Oct 2013
Unit	DKK mn
Frequency	monthly
Range	Jan 2005 - May 2018 Updated on 09 Jul 2018

Last	Previous	Min	Max	Unit	Frequency	Range
15,467.000 May 2018	-891.000 Apr 2018	-4,967.000 Mar 2008	19,893.000 Oct 2013	DKK mn	monthly	Jan 2005 - May 2018 Updated on 09 Jul 2018

View Denmark's Balance of Payments (BoP): Current Account from Jan 2005 to May 2018 in the chart:

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Denmark Balance of Payments (BoP): Current Account

Series Details
Series ID	357754197
Name	Denmark Balance of Payments (BoP): Current Account
Country	Denmark
Frequency	Monthly
Unit	DKK mn
Status	Active
Source	Statistics Denmark
First Date	Jan 2005
Last Date	May 2018
Last Updated	09 Jul 2018

Statistics
Mean	9,130.807
Variance	30,488,775.644
Standard deviation	5,521.664
Skewness	-0.127
Kurtosis	-0.521
Coefficient variation	0.605
Median	9,260.000
Max	Oct 2013 19,893.000
Min	Mar 2008 -4,967.000
Previous observation	Apr 2018 -891.000
Last observation	May 2018 15,467.000
Number of Observations	161

Denmark BoP: Capital Transfers

2005 - 2018 | Monthly | DKK mn | Statistics Denmark

Denmark’s BoP: Capital Transfers data was reported at 87.000 DKK mn in May 2018. This stayed constant from the previous number of 87.000 DKK mn for Apr 2018. Denmark’s BoP: Capital Transfers data is updated monthly, averaging 32.000 DKK mn from Jan 2005 to May 2018, with 161 observations. The data reached an all-time high of 4,975.000 DKK mn in Jul 2011 and a record low of -709.000 DKK mn in Oct 2015. Denmark’s BoP: Capital Transfers data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JB001: BPM6: Balance of Payments.

Last	87.000 May 2018
Previous	87.000 Apr 2018
Min	-709.000 Oct 2015
Max	4,975.000 Jul 2011
Unit	DKK mn
Frequency	monthly
Range	Jan 2005 - May 2018 Updated on 09 Jul 2018

Last	Previous	Min	Max	Unit	Frequency	Range
87.000 May 2018	87.000 Apr 2018	-709.000 Oct 2015	4,975.000 Jul 2011	DKK mn	monthly	Jan 2005 - May 2018 Updated on 09 Jul 2018

View Denmark's BoP: Capital Transfers from Jan 2005 to May 2018 in the chart:

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Denmark BoP: Capital Transfers

Series Details
Series ID	357754207
Name	Denmark BoP: Capital Transfers
Country	Denmark
Frequency	Monthly
Unit	DKK mn
Status	Active
Source	Statistics Denmark
First Date	Jan 2005
Last Date	May 2018
Last Updated	09 Jul 2018

Statistics
Mean	-5.758
Variance	254,887.047
Standard deviation	504.863
Skewness	7.227
Kurtosis	66.681
Coefficient variation	-87.684
Median	32.000
Max	Jul 2011 4,975.000
Min	Oct 2015 -709.000
Previous observation	Apr 2018 87.000
Last observation	May 2018 87.000
Number of Observations	161

Denmark BoP: Current Account: Goods and Services

2005 - 2018 | Monthly | DKK mn | Statistics Denmark

Denmark’s BoP: Current Account: Goods and Services data was reported at 10,307.000 DKK mn in Aug 2018. This records a decrease from the previous number of 14,511.000 DKK mn for Jul 2018. Denmark’s BoP: Current Account: Goods and Services data is updated monthly, averaging 9,245.500 DKK mn from Jan 2005 to Aug 2018, with 164 observations. The data reached an all-time high of 17,765.000 DKK mn in Feb 2017 and a record low of -1,788.000 DKK mn in Apr 2018. Denmark’s BoP: Current Account: Goods and Services data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JB001: BPM6: Balance of Payments.

Last	10,307.000 Aug 2018
Previous	14,511.000 Jul 2018
Min	-1,788.000 Apr 2018
Max	17,765.000 Feb 2017
Unit	DKK mn
Frequency	monthly
Range	Jan 2005 - Aug 2018 Updated on 09 Oct 2018

Last	Previous	Min	Max	Unit	Frequency	Range
10,307.000 Aug 2018	14,511.000 Jul 2018	-1,788.000 Apr 2018	17,765.000 Feb 2017	DKK mn	monthly	Jan 2005 - Aug 2018 Updated on 09 Oct 2018

View Denmark's BoP: Current Account: Goods and Services from Jan 2005 to Aug 2018 in the chart:

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Denmark BoP: Current Account: Goods and Services

Series Details
Series ID	357754167
Name	Denmark BoP: Current Account: Goods and Services
Country	Denmark
Frequency	Monthly
Unit	DKK mn
Status	Active
Source	Statistics Denmark
First Date	Jan 2005
Last Date	Aug 2018
Last Updated	09 Oct 2018

Statistics
Mean	8,963.689
Variance	13,111,630.301
Standard deviation	3,620.999
Skewness	-0.179
Kurtosis	-0.160
Coefficient variation	0.404
Median	9,245.500
Max	Feb 2017 17,765.000
Min	Apr 2018 -1,788.000
Previous observation	Jul 2018 14,511.000
Last observation	Aug 2018 10,307.000
Number of Observations	164

Denmark BoP: Current Account: Goods and Services: Goods f.o.b

2005 - 2018 | Monthly | DKK mn | Statistics Denmark

Denmark’s BoP: Current Account: Goods and Services: Goods f.o.b data was reported at 6,789.000 DKK mn in Aug 2018. This records a decrease from the previous number of 13,607.000 DKK mn for Jul 2018. Denmark’s BoP: Current Account: Goods and Services: Goods f.o.b data is updated monthly, averaging 6,576.000 DKK mn from Jan 2005 to Aug 2018, with 164 observations. The data reached an all-time high of 14,390.000 DKK mn in Sep 2017 and a record low of -2,942.000 DKK mn in Apr 2018. Denmark’s BoP: Current Account: Goods and Services: Goods f.o.b data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JB001: BPM6: Balance of Payments.

Last	11,922.000 Sep 2018
Previous	7,296.000 Aug 2018
Min	-2,804.000 Apr 2018
Max	14,390.000 Sep 2017
Unit	DKK mn
Frequency	monthly
Range	Jan 2005 - Sep 2018 Updated on 09 Nov 2018

Last	Previous	Min	Max	Unit	Frequency	Range
11,922.000 Sep 2018	7,296.000 Aug 2018	-2,804.000 Apr 2018	14,390.000 Sep 2017	DKK mn	monthly	Jan 2005 - Sep 2018 Updated on 09 Nov 2018

View Denmark's BoP: Current Account: Goods and Services: Goods f.o.b from Jan 2005 to Sep 2018 in the chart:

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Denmark BoP: Current Account: Goods and Services: Goods f.o.b

Series Details
Series ID	357754147
Name	Denmark BoP: Current Account: Goods and Services: Goods f.o.b
Country	Denmark
Frequency	Monthly
Unit	DKK mn
Status	Active
Source	Statistics Denmark
First Date	Jan 2005
Last Date	Sep 2018
Last Updated	09 Nov 2018

Statistics
Mean	6,351.782
Variance	12,208,681.147
Standard deviation	3,494.092
Skewness	-0.086
Kurtosis	-0.400
Coefficient variation	0.550
Median	6,593.000
Max	Sep 2017 14,390.000
Min	Apr 2018 -2,804.000
Previous observation	Aug 2018 7,296.000
Last observation	Sep 2018 11,922.000
Number of Observations	165

Denmark BoP: Current Account: Goods and Services: Services

2005 - 2018 | Monthly | DKK mn | Statistics Denmark

Denmark’s BoP: Current Account: Goods and Services: Services data was reported at 1,023.000 DKK mn in Sep 2018. This records a decrease from the previous number of 3,244.000 DKK mn for Aug 2018. Denmark’s BoP: Current Account: Goods and Services: Services data is updated monthly, averaging 2,560.000 DKK mn from Jan 2005 to Sep 2018, with 165 observations. The data reached an all-time high of 8,959.000 DKK mn in Feb 2017 and a record low of -2,733.000 DKK mn in Apr 2016. Denmark’s BoP: Current Account: Goods and Services: Services data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JB001: BPM6: Balance of Payments.

Last	1,023.000 Sep 2018
Previous	3,244.000 Aug 2018
Min	-2,733.000 Apr 2016
Max	8,959.000 Feb 2017
Unit	DKK mn
Frequency	monthly
Range	Jan 2005 - Sep 2018 Updated on 09 Nov 2018

Last	Previous	Min	Max	Unit	Frequency	Range
1,023.000 Sep 2018	3,244.000 Aug 2018	-2,733.000 Apr 2016	8,959.000 Feb 2017	DKK mn	monthly	Jan 2005 - Sep 2018 Updated on 09 Nov 2018

View Denmark's BoP: Current Account: Goods and Services: Services from Jan 2005 to Sep 2018 in the chart:

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Denmark BoP: Current Account: Goods and Services: Services

Series Details
Series ID	357754157
Name	Denmark BoP: Current Account: Goods and Services: Services
Country	Denmark
Frequency	Monthly
Unit	DKK mn
Status	Active
Source	Statistics Denmark
First Date	Jan 2005
Last Date	Sep 2018
Last Updated	09 Nov 2018

Statistics
Mean	2,632.448
Variance	3,226,761.115
Standard deviation	1,796.319
Skewness	0.120
Kurtosis	1.121
Coefficient variation	0.682
Median	2,560.000
Max	Feb 2017 8,959.000
Min	Apr 2016 -2,733.000
Previous observation	Aug 2018 3,244.000
Last observation	Sep 2018 1,023.000
Number of Observations	165

Denmark BoP: Current Account: Primary Income

2005 - 2018 | Monthly | DKK mn | Statistics Denmark

Denmark’s BoP: Current Account: Primary Income data was reported at 1,099.000 DKK mn in Aug 2018. This records a decrease from the previous number of 5,877.000 DKK mn for Jul 2018. Denmark’s BoP: Current Account: Primary Income data is updated monthly, averaging 3,079.000 DKK mn from Jan 2005 to Aug 2018, with 164 observations. The data reached an all-time high of 9,749.000 DKK mn in May 2015 and a record low of -9,276.000 DKK mn in Mar 2018. Denmark’s BoP: Current Account: Primary Income data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JB001: BPM6: Balance of Payments.

Last	1,099.000 Aug 2018
Previous	5,877.000 Jul 2018
Min	-9,276.000 Mar 2018
Max	9,749.000 May 2015
Unit	DKK mn
Frequency	monthly
Range	Jan 2005 - Aug 2018 Updated on 09 Oct 2018

Last	Previous	Min	Max	Unit	Frequency	Range
1,099.000 Aug 2018	5,877.000 Jul 2018	-9,276.000 Mar 2018	9,749.000 May 2015	DKK mn	monthly	Jan 2005 - Aug 2018 Updated on 09 Oct 2018

View Denmark's BoP: Current Account: Primary Income from Jan 2005 to Aug 2018 in the chart:

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Denmark BoP: Current Account: Primary Income

Series Details
Series ID	357754177
Name	Denmark BoP: Current Account: Primary Income
Country	Denmark
Frequency	Monthly
Unit	DKK mn
Status	Active
Source	Statistics Denmark
First Date	Jan 2005
Last Date	Aug 2018
Last Updated	09 Oct 2018

Statistics
Mean	3,152.280
Variance	10,657,485.209
Standard deviation	3,264.580
Skewness	-0.871
Kurtosis	1.687
Coefficient variation	1.036
Median	3,079.000
Max	May 2015 9,749.000
Min	Mar 2018 -9,276.000
Previous observation	Jul 2018 5,877.000
Last observation	Aug 2018 1,099.000
Number of Observations	164

Denmark BoP: Current Account: Secondary Income

2005 - 2018 | Monthly | DKK mn | Statistics Denmark

Denmark’s BoP: Current Account: Secondary Income data was reported at -2,288.000 DKK mn in Aug 2018. This records an increase from the previous number of -3,069.000 DKK mn for Jul 2018. Denmark’s BoP: Current Account: Secondary Income data is updated monthly, averaging -2,780.000 DKK mn from Jan 2005 to Aug 2018, with 164 observations. The data reached an all-time high of -257.000 DKK mn in Mar 2017 and a record low of -4,806.000 DKK mn in Jan 2015. Denmark’s BoP: Current Account: Secondary Income data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JB001: BPM6: Balance of Payments.

Last	-2,288.000 Aug 2018
Previous	-3,069.000 Jul 2018
Min	-4,806.000 Jan 2015
Max	-257.000 Mar 2017
Unit	DKK mn
Frequency	monthly
Range	Jan 2005 - Aug 2018 Updated on 09 Oct 2018

Last	Previous	Min	Max	Unit	Frequency	Range
-2,288.000 Aug 2018	-3,069.000 Jul 2018	-4,806.000 Jan 2015	-257.000 Mar 2017	DKK mn	monthly	Jan 2005 - Aug 2018 Updated on 09 Oct 2018

View Denmark's BoP: Current Account: Secondary Income from Jan 2005 to Aug 2018 in the chart:

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Denmark BoP: Current Account: Secondary Income

Series Details
Series ID	357754187
Name	Denmark BoP: Current Account: Secondary Income
Country	Denmark
Frequency	Monthly
Unit	DKK mn
Status	Active
Source	Statistics Denmark
First Date	Jan 2005
Last Date	Aug 2018
Last Updated	09 Oct 2018

Statistics
Mean	-2,818.366
Variance	571,136.454
Standard deviation	755.736
Skewness	0.003
Kurtosis	0.996
Coefficient variation	-0.268
Median	-2,780.000
Max	Mar 2017 -257.000
Min	Jan 2015 -4,806.000
Previous observation	Jul 2018 -3,069.000
Last observation	Aug 2018 -2,288.000
Number of Observations	164

Denmark BoP: Financial Account

2005 - 2018 | Monthly | DKK mn | Statistics Denmark

Denmark’s BoP: Financial Account data was reported at 20,751.000 DKK mn in Aug 2018. This records an increase from the previous number of -9,195.000 DKK mn for Jul 2018. Denmark’s BoP: Financial Account data is updated monthly, averaging 4,479.000 DKK mn from Jan 2005 to Aug 2018, with 164 observations. The data reached an all-time high of 79,393.000 DKK mn in Apr 2015 and a record low of -38,530.000 DKK mn in Aug 2013. Denmark’s BoP: Financial Account data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JB001: BPM6: Balance of Payments.

Last	-12,488.000 May 2018
Previous	15,095.000 Apr 2018
Min	-38,530.000 Aug 2013
Max	79,393.000 Apr 2015
Unit	DKK mn
Frequency	monthly
Range	Jan 2005 - May 2018 Updated on 09 Jul 2018

Last	Previous	Min	Max	Unit	Frequency	Range
-12,488.000 May 2018	15,095.000 Apr 2018	-38,530.000 Aug 2013	79,393.000 Apr 2015	DKK mn	monthly	Jan 2005 - May 2018 Updated on 09 Jul 2018

View Denmark's BoP: Financial Account from Jan 2005 to May 2018 in the chart:

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Denmark BoP: Financial Account

Series Details
Series ID	357754227
Name	Denmark BoP: Financial Account
Country	Denmark
Frequency	Monthly
Unit	DKK mn
Status	Active
Source	Statistics Denmark
First Date	Jan 2005
Last Date	May 2018
Last Updated	09 Jul 2018

Statistics
Mean	5,664.248
Variance	421,582,516.263
Standard deviation	20,532.475
Skewness	0.541
Kurtosis	0.552
Coefficient variation	3.625
Median	4,668.000
Max	Apr 2015 79,393.000
Min	Aug 2013 -38,530.000
Previous observation	Apr 2018 15,095.000
Last observation	May 2018 -12,488.000
Number of Observations	161

Denmark BoP: Net Errors and Omissions

2005 - 2018 | Monthly | DKK mn | Statistics Denmark

Denmark’s BoP: Net Errors and Omissions data was reported at -28,042.000 DKK mn in May 2018. This records a decrease from the previous number of 15,899.000 DKK mn for Apr 2018. Denmark’s BoP: Net Errors and Omissions data is updated monthly, averaging -5,624.000 DKK mn from Jan 2005 to May 2018, with 161 observations. The data reached an all-time high of 70,384.000 DKK mn in Apr 2015 and a record low of -52,819.000 DKK mn in Aug 2013. Denmark’s BoP: Net Errors and Omissions data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JB001: BPM6: Balance of Payments.

Last	-28,042.000 May 2018
Previous	15,899.000 Apr 2018
Min	-52,819.000 Aug 2013
Max	70,384.000 Apr 2015
Unit	DKK mn
Frequency	monthly
Range	Jan 2005 - May 2018 Updated on 09 Jul 2018

Last	Previous	Min	Max	Unit	Frequency	Range
-28,042.000 May 2018	15,899.000 Apr 2018	-52,819.000 Aug 2013	70,384.000 Apr 2015	DKK mn	monthly	Jan 2005 - May 2018 Updated on 09 Jul 2018

View Denmark's BoP: Net Errors and Omissions from Jan 2005 to May 2018 in the chart:

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Denmark BoP: Net Errors and Omissions

Series Details
Series ID	357754237
Name	Denmark BoP: Net Errors and Omissions
Country	Denmark
Frequency	Monthly
Unit	DKK mn
Status	Active
Source	Statistics Denmark
First Date	Jan 2005
Last Date	May 2018
Last Updated	09 Jul 2018

Statistics
Mean	-3,460.764
Variance	426,154,857.894
Standard deviation	20,643.519
Skewness	0.423
Kurtosis	0.393
Coefficient variation	-5.965
Median	-5,624.000
Max	Apr 2015 70,384.000
Min	Aug 2013 -52,819.000
Previous observation	Apr 2018 15,899.000
Last observation	May 2018 -28,042.000
Number of Observations	161

Denmark BoP: Net Lending

2005 - 2018 | Monthly | DKK mn | Statistics Denmark

Denmark’s BoP: Net Lending data was reported at 15,554.000 DKK mn in May 2018. This records an increase from the previous number of -804.000 DKK mn for Apr 2018. Denmark’s BoP: Net Lending data is updated monthly, averaging 9,308.000 DKK mn from Jan 2005 to May 2018, with 161 observations. The data reached an all-time high of 19,901.000 DKK mn in Oct 2013 and a record low of -4,944.000 DKK mn in Mar 2008. Denmark’s BoP: Net Lending data remains active status in CEIC and is reported by Statistics Denmark. The data is categorized under Global Database’s Denmark – Table DK.JB001: BPM6: Balance of Payments.

Last	15,554.000 May 2018
Previous	-804.000 Apr 2018
Min	-4,944.000 Mar 2008
Max	19,901.000 Oct 2013
Unit	DKK mn
Frequency	monthly
Range	Jan 2005 - May 2018 Updated on 09 Jul 2018

Last	Previous	Min	Max	Unit	Frequency	Range
15,554.000 May 2018	-804.000 Apr 2018	-4,944.000 Mar 2008	19,901.000 Oct 2013	DKK mn	monthly	Jan 2005 - May 2018 Updated on 09 Jul 2018

View Denmark's BoP: Net Lending from Jan 2005 to May 2018 in the chart:

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Denmark BoP: Net Lending

Series Details
Series ID	357754217
Name	Denmark BoP: Net Lending
Country	Denmark
Frequency	Monthly
Unit	DKK mn
Status	Active
Source	Statistics Denmark
First Date	Jan 2005
Last Date	May 2018
Last Updated	09 Jul 2018

Statistics
Mean	9,125.062
Variance	29,719,483.471
Standard deviation	5,451.558
Skewness	-0.163
Kurtosis	-0.505
Coefficient variation	0.597
Median	9,308.000
Max	Oct 2013 19,901.000
Min	Mar 2008 -4,944.000
Previous observation	Apr 2018 -804.000
Last observation	May 2018 15,554.000
Number of Observations	161

Explore our Data

Denmark BPM6: Balance of Payments

Denmark Balance of Payments (BoP): Current Account

View Denmark's Balance of Payments (BoP): Current Account from Jan 2005 to May 2018 in the chart:

Denmark BoP: Capital Transfers

View Denmark's BoP: Capital Transfers from Jan 2005 to May 2018 in the chart:

Denmark BoP: Current Account: Goods and Services

View Denmark's BoP: Current Account: Goods and Services from Jan 2005 to Aug 2018 in the chart:

Denmark BoP: Current Account: Goods and Services: Goods f.o.b

View Denmark's BoP: Current Account: Goods and Services: Goods f.o.b from Jan 2005 to Sep 2018 in the chart:

Denmark BoP: Current Account: Goods and Services: Services

View Denmark's BoP: Current Account: Goods and Services: Services from Jan 2005 to Sep 2018 in the chart:

Denmark BoP: Current Account: Primary Income

View Denmark's BoP: Current Account: Primary Income from Jan 2005 to Aug 2018 in the chart:

Denmark BoP: Current Account: Secondary Income

View Denmark's BoP: Current Account: Secondary Income from Jan 2005 to Aug 2018 in the chart:

Denmark BoP: Financial Account

View Denmark's BoP: Financial Account from Jan 2005 to May 2018 in the chart:

Denmark BoP: Net Errors and Omissions

View Denmark's BoP: Net Errors and Omissions from Jan 2005 to May 2018 in the chart:

Denmark BoP: Net Lending

View Denmark's BoP: Net Lending from Jan 2005 to May 2018 in the chart:

Explore our Data

Denmark BPM6: Balance of Payments

View Denmark's Balance of Payments (BoP): Current Account from Jan 2005 to May 2018 in the chart:

Denmark Balance of Payments (BoP): Current Account

View Denmark's BoP: Capital Transfers from Jan 2005 to May 2018 in the chart:

Denmark BoP: Capital Transfers

View Denmark's BoP: Current Account: Goods and Services from Jan 2005 to Aug 2018 in the chart:

Denmark BoP: Current Account: Goods and Services

View Denmark's BoP: Current Account: Goods and Services: Goods f.o.b from Jan 2005 to Sep 2018 in the chart:

Denmark BoP: Current Account: Goods and Services: Goods f.o.b

View Denmark's BoP: Current Account: Goods and Services: Services from Jan 2005 to Sep 2018 in the chart:

Denmark BoP: Current Account: Goods and Services: Services

View Denmark's BoP: Current Account: Primary Income from Jan 2005 to Aug 2018 in the chart:

Denmark BoP: Current Account: Primary Income

View Denmark's BoP: Current Account: Secondary Income from Jan 2005 to Aug 2018 in the chart:

Denmark BoP: Current Account: Secondary Income

View Denmark's BoP: Financial Account from Jan 2005 to May 2018 in the chart:

Denmark BoP: Financial Account

View Denmark's BoP: Net Errors and Omissions from Jan 2005 to May 2018 in the chart:

Denmark BoP: Net Errors and Omissions

View Denmark's BoP: Net Lending from Jan 2005 to May 2018 in the chart:

Denmark BoP: Net Lending

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