National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Denmark
DNKGDPDEFQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.97
Year-over-Year Change
6.05%
Date Range
1/1/1995 - 7/1/2023
Summary
The GDP Deflator for Denmark measures the changes in prices for all goods and services produced in the Danish economy. It is a key indicator of domestic inflation and economic performance.
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 GDP Deflator is a comprehensive measure of price changes in the overall economy. It tracks the prices of consumer goods, business investments, government spending, and exports and imports. Economists use the GDP Deflator to assess Denmark's economic growth and purchasing power.
Methodology
The Danish Statistical Office calculates the GDP Deflator based on the national accounts data.
Historical Context
The GDP Deflator is closely monitored by the Danish Central Bank and government policymakers to inform monetary and fiscal policy decisions.
Key Facts
- The GDP Deflator is a broader measure of inflation than the Consumer Price Index (CPI).
- Denmark's GDP Deflator has averaged around 1.5% annual growth over the past decade.
- The GDP Deflator accounts for changes in the composition of GDP, unlike the CPI.
FAQs
Q: What does this economic trend measure?
A: The GDP Deflator measures the changes in prices for all goods and services produced in the Danish economy. It is a comprehensive measure of domestic inflation.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator is a key indicator of Denmark's economic performance and is closely monitored by policymakers to inform monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The Danish Statistical Office calculates the GDP Deflator based on the national accounts data.
Q: How is this trend used in economic policy?
A: The GDP Deflator is used by the Danish Central Bank and government policymakers to assess domestic inflation and economic growth, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The GDP Deflator data is published quarterly with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Denmark (DNKGDPDEFQISMEI), retrieved from FRED.