Producer Prices Index: Type of Goods: Investments Goods: Total for Denmark
Growth rate same period previous year, Quarterly
DNKPITGVG01GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.93
Year-over-Year Change
915.36%
Date Range
1/1/1985 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of real GDP in Denmark on a quarterly basis. It provides insight into the pace of economic expansion or contraction over time.
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 trend reports the percent change in real GDP between the current quarter and the same quarter a year earlier. This metric allows economists to analyze the business cycle and evaluate the broader health of the Danish economy.
Methodology
The data is calculated from Denmark's official quarterly GDP statistics.
Historical Context
Policymakers and market analysts monitor this trend to assess the country's macroeconomic performance.
Key Facts
- Denmark's GDP grew 4.9% year-over-year in Q4 2022.
- The trend reached a low of -1.4% in Q2 2020 due to the COVID-19 pandemic.
- Quarterly GDP growth has averaged 2.1% over the past 10 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in Denmark's real gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The growth rate of real GDP is a key indicator of a country's overall economic performance and business cycle. It provides valuable insight for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is calculated from Denmark's official quarterly GDP statistics reported by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Central banks and government agencies monitor this GDP growth metric to assess macroeconomic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis, with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (DNKPITGVG01GYQ), retrieved from FRED.