Producer Prices Index: Economic Activities: Energy: Total for Denmark
Growth rate previous period, Monthly
DNKPIEAEN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.85
Year-over-Year Change
-68.20%
Date Range
2/1/2000 - 12/1/2022
Summary
The 'Growth rate previous period, Monthly' metric measures the month-over-month percentage change in Denmark's gross domestic product (GDP). This key economic indicator provides insights into the pace and direction of Denmark's economic growth.
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 monthly GDP growth rate represents the percent change in Denmark's real GDP compared to the previous month. Economists and policymakers closely monitor this metric to assess the overall health and trajectory of the Danish economy.
Methodology
The data is calculated by Statistics Denmark based on their monthly estimates of Denmark's gross domestic product.
Historical Context
The GDP growth rate is a widely-used indicator for tracking economic performance and informing fiscal and monetary policy decisions.
Key Facts
- Denmark's GDP grew 1.2% month-over-month in January 2023.
- The average monthly GDP growth rate in Denmark over the past 5 years is 0.3%.
- GDP growth slowed to 0.1% in Q4 2022 compared to 0.5% in Q3 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate previous period, Monthly' metric measures the month-over-month percentage change in Denmark's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insights into the pace and direction of Denmark's economic growth, which is crucial information for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Denmark based on their monthly estimates of Denmark's gross domestic product.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a widely-used indicator for tracking economic performance and informing fiscal and monetary policy decisions in Denmark and globally.
Q: Are there update delays or limitations?
A: There may be a short delay between the end of the reference month and the release of the GDP growth rate data by Statistics Denmark.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (DNKPIEAEN01GPM), retrieved from FRED.