Share of Household Consumption at Current Purchasing Power Parities for Denmark
CSHCCPDKA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
-5.77%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Denmark' measures the proportion of total household consumption expenditures in Denmark relative to other countries, adjusted for differences in purchasing power.
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
This economic indicator provides insights into the relative spending patterns of Danish households compared to international benchmarks. It is used by economists and policymakers to analyze trends in consumer behavior and the overall competitiveness of the Danish economy.
Methodology
The data is calculated by the OECD based on household consumption expenditure surveys and purchasing power parity exchange rates.
Historical Context
Policymakers use this indicator to inform decisions around fiscal, monetary, and trade policies that impact consumer demand and international competitiveness.
Key Facts
- Denmark's share of household consumption expenditures was 1.36% in 2021.
- This indicator has remained relatively stable over the past decade.
- Denmark's household consumption share is among the highest in the OECD.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of total household consumption expenditures in Denmark relative to other countries, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative spending patterns of Danish households compared to international benchmarks, which is useful for analyzing consumer behavior and the overall competitiveness of the Danish economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on household consumption expenditure surveys and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to inform decisions around fiscal, monetary, and trade policies that impact consumer demand and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD, with a typical update delay of 6-12 months.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Denmark (CSHCCPDKA156NRUG), retrieved from FRED.