National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Denmark
Quarterly
DNKIMPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
424,634,320,000.00
Year-over-Year Change
53.90%
Date Range
1/1/1995 - 7/1/2023
Summary
The Quarterly Import to Denmark series measures the total value of goods and services imported into Denmark on a quarterly basis. This economic indicator provides insight into Denmark's international trade dynamics and is closely monitored by 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 Quarterly Import to Denmark series represents the total value of goods and services purchased from foreign countries by Danish residents and businesses. It is a key component of Denmark's balance of trade and an important macroeconomic indicator used to assess the country's economic performance and integration within the global economy.
Methodology
The data is collected and reported by Statistics Denmark, the national statistical agency.
Historical Context
Quarterly import figures are widely used by analysts and policymakers to inform trade, monetary, and fiscal policy decisions.
Key Facts
- Denmark is a major importer of goods and services.
- Quarterly import values fluctuate based on economic conditions.
- Imports play a significant role in Denmark's overall economic performance.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Import to Denmark series measures the total value of goods and services imported into Denmark on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Denmark's international trade dynamics and is closely monitored by economists and policymakers to assess the country's economic performance and integration within the global economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by Statistics Denmark, the national statistical agency.
Q: How is this trend used in economic policy?
A: Quarterly import figures are widely used by analysts and policymakers to inform trade, monetary, and fiscal policy decisions in Denmark.
Q: Are there update delays or limitations?
A: The Quarterly Import to Denmark series is updated regularly by Statistics Denmark, with minimal delays in data reporting.
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Citation
U.S. Federal Reserve, Quarterly Import to Denmark (DNKIMPORTQDSMEI), retrieved from FRED.