Producer Prices Index: Economic Activities: Manufacture of Food Products: Domestic for Denmark
Growth rate previous period, Quarterly
DNKPIEAFD02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
-26.41%
Date Range
4/1/1985 - 1/1/2019
Summary
The 'Growth rate previous period, Quarterly' series measures the quarter-over-quarter growth rate of Denmark's gross domestic product (GDP) on an annualized basis. This metric is a key indicator of the country's economic performance and is closely watched by policymakers and analysts.
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 series represents the percentage change in Denmark's GDP from the previous quarter, expressed at an annualized rate. It provides insight into the pace and direction of the Danish economy, allowing for assessment of growth trends and identification of turning points.
Methodology
The data is calculated by the OECD using official GDP statistics reported by the Danish government.
Historical Context
Analysts and policymakers use this metric to gauge the strength of the Danish economy and inform decision-making on fiscal and monetary policies.
Key Facts
- Denmark's GDP grew 1.9% in Q4 2022 on an annualized basis.
- The growth rate has averaged 1.7% over the past 5 years.
- GDP growth is a key driver of employment, inflation, and government revenue in Denmark.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarter-over-quarter growth rate of Denmark's gross domestic product (GDP) on an annualized basis, providing insight into the pace and direction of the Danish economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers and analysts as it offers a timely indicator of Denmark's economic performance, which informs decision-making on fiscal and monetary policies.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using official GDP statistics reported by the Danish government.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to gauge the strength of the Danish economy and inform decision-making on fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a typical delay of 1-2 months from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (DNKPIEAFD02GPQ), retrieved from FRED.