Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Denmark
Growth rate same period previous year, Quarterly
DNKPITGCD01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.70
Year-over-Year Change
3697.43%
Date Range
1/1/1986 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of Denmark's GDP on a quarterly basis. It is a key indicator of the country's overall economic performance and growth trajectory.
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 Growth rate same period previous year, Quarterly metric tracks the percent change in Denmark's real GDP compared to the same quarter in the previous year. This allows economists to analyze the broader economic landscape and identify patterns of expansion or contraction.
Methodology
The data is collected and calculated by Statistics Denmark, the country's national statistics agency.
Historical Context
This trend is closely monitored by policymakers, central bankers, and financial analysts to inform economic forecasting and decision-making.
Key Facts
- Denmark's GDP grew 4.9% year-over-year in Q4 2022.
- The country's economy contracted 2.1% in 2020 due to the COVID-19 pandemic.
- Denmark is one of the wealthiest and most economically stable countries in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of Denmark's real gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a crucial indicator of a country's overall economic performance and can help analysts and policymakers assess the health and trajectory of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Denmark, the country's national statistics agency.
Q: How is this trend used in economic policy?
A: Policymakers, central bankers, and financial analysts closely monitor this trend to inform economic forecasting, monetary policy decisions, and broader market analysis.
Q: Are there update delays or limitations?
A: The data is published quarterly by Statistics Denmark, with a typical delay of 2-3 months from the end of the reference period.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Denmark
LRHUADTTDKM156S
Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Denmark
PITGCD01DKA661N
Sales: Retail Trade: Total Retail Trade: Value for Denmark
SLRTTO02DKQ661S
Bank Deposits to GDP for Denmark
DDOI02DKA156NWDB
Bank Z-Score for Denmark
DDSI01DKA645NWDB
Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Denmark
DNKCPHP1200GPM
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (DNKPITGCD01GYQ), retrieved from FRED.