Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Denmark
Growth rate same period previous year, Quarterly
DNKPITGCD02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.19
Year-over-Year Change
320.47%
Date Range
1/1/1986 - 10/1/2022
Summary
The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in Denmark's quarterly GDP, providing insight into the country's 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
This trend represents the annualized growth rate of Denmark's real GDP compared to the same quarter of the previous year. It is a key indicator used by economists and policymakers to analyze the pace and trajectory of the Danish economy.
Methodology
The data is calculated by the Statistics Denmark agency based on quarterly GDP figures.
Historical Context
The GDP growth rate trend is closely monitored for signals about Denmark's business cycle and macroeconomic conditions.
Key Facts
- Denmark's GDP grew 2.9% in Q3 2022 compared to Q3 2021.
- The GDP growth rate trend reached a high of 4.9% in Q4 2021.
- Quarterly GDP growth has averaged 2.3% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Quarterly' measures the year-over-year change in Denmark's real GDP on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate trend provides valuable insight into the pace and direction of Denmark's economic performance, which is closely watched by economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by Statistics Denmark based on their quarterly GDP figures.
Q: How is this trend used in economic policy?
A: The GDP growth rate trend is a key input for Denmark's central bank and government in formulating monetary and fiscal policies to manage the country's business cycle and macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis by Statistics Denmark, with a typical release lag of 1-2 months after the end of each quarter.
Related Trends
Liquid Liabilities to GDP for Denmark
DDDI05DKA156NWDB
Production: Mining: Total for Denmark
PRMITO01DKQ661S
Harmonized Index of Consumer Prices: Alcoholic Beverages for Denmark
CP0210DKM086NEST
Exchange Rate Adjusted Changes of Domestic Debt Securities for Issuers in Financial Corporations, Residence of Issuer in Denmark
DSAMRIFCERDK
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 25 to 54 Years for Denmark
LFIN25TTDKQ647S
National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Denmark
NAEXKP07DKQ652S
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (DNKPITGCD02GYQ), retrieved from FRED.