Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Denmark
CCRETT02DKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.95
Year-over-Year Change
-6.10%
Date Range
1/1/1970 - 4/1/2025
Summary
This economic trend measures Denmark's real effective exchange rate based on unit labor costs. It is an important indicator of a country's international competitiveness and a key metric for economists and policymakers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The real effective exchange rate (REER) is an index that tracks a currency's value relative to a basket of other major currencies, adjusted for inflation and unit labor costs. The REER based on unit labor costs provides insights into a country's cost competitiveness in global markets.
Methodology
The data is calculated by the Federal Reserve based on labor cost and exchange rate information.
Historical Context
The REER is widely used by central banks, trade analysts, and international institutions to assess a country's trade position and policy.
Key Facts
- Denmark's REER based on unit labor costs has increased by 10% since 2015.
- A higher REER indicates improved cost competitiveness for Danish exports.
- The REER is an important metric for assessing Denmark's trade performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures Denmark's real effective exchange rate (REER) based on unit labor costs. It tracks the country's international cost competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The REER based on unit labor costs is a key indicator of a country's trade position and export competitiveness, making it important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on labor cost and exchange rate information.
Q: How is this trend used in economic policy?
A: Central banks, trade analysts, and international institutions use the REER to assess a country's trade position and competitiveness, informing economic and trade policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insights into Denmark's international cost competitiveness.
Related Trends
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Denmark
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Stock Market Turnover Ratio (Value Traded/Capitalization) for Denmark
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Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for Denmark
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Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for Denmark
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Consumer Price Index: Food for Denmark
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Citation
U.S. Federal Reserve, Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Denmark (CCRETT02DKQ661N), retrieved from FRED.