Remittance Inflows to GDP for Denmark
DDOI11DKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.42
Year-over-Year Change
40.43%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'Remittance Inflows to GDP for Denmark' measures the proportion of Denmark's GDP that comes from money transfers received from abroad by Danish residents.
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 insight into the importance of international remittances to Denmark's economy. Remittances can have significant macroeconomic impacts and are closely monitored by policymakers.
Methodology
The data is collected and calculated by the World Bank.
Historical Context
Remittance flows are an important consideration for economic and fiscal policy in Denmark.
Key Facts
- Denmark's remittance inflows as a percentage of GDP have averaged around 0.5% in recent years.
- Remittances play a relatively small but steady role in Denmark's large, diversified economy.
- The majority of Denmark's remittance inflows come from neighboring Nordic and European countries.
FAQs
Q: What does this economic trend measure?
A: The 'Remittance Inflows to GDP for Denmark' indicator measures the proportion of Denmark's gross domestic product (GDP) that comes from money transfers received from abroad by Danish residents.
Q: Why is this trend relevant for users or analysts?
A: Remittance flows can have significant macroeconomic impacts and are closely monitored by policymakers in Denmark and other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank.
Q: How is this trend used in economic policy?
A: Remittance flows are an important consideration for economic and fiscal policy in Denmark.
Q: Are there update delays or limitations?
A: The World Bank's remittance data is typically published with a 1-2 year lag.
Related Trends
Harmonized Index of Consumer Prices: Passenger Transport by Railway for Denmark
CP0731DKM086NEST
Infra-Annual Labor Statistics: Unemployment Total: From 15 to 24 Years for Denmark
LFUN24TTDKQ647S
Consumer Price Index: Harmonized Prices: Food and Non-Alcoholic Beverages (COICOP 01): Total for Denmark
DNKCPHP0100GPM
Consumer Opinion Surveys: Consumer Prices: Future Tendency for Denmark
CSINFT02DKM460S
Labor Compensation: Earnings: Manufacturing: Hourly for Denmark
LCEAMN01DKQ659S
Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Denmark
DNKCP050000GPM
Citation
U.S. Federal Reserve, Remittance Inflows to GDP for Denmark (DDOI11DKA156NWDB), retrieved from FRED.