Producer Prices Index: Type of Goods: Investments Goods: Domestic for Denmark
Growth rate same period previous year, Monthly
DNKPITGVG02GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.91
Year-over-Year Change
-4.35%
Date Range
1/1/1986 - 12/1/2022
Summary
This economic trend measures the growth rate of nominal GDP in Denmark compared to the same period a year earlier on a monthly basis. It is a key indicator of overall economic performance and a useful metric for 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
The growth rate same period previous year, Monthly trend tracks the year-over-year change in Denmark's nominal gross domestic product (GDP) on a monthly frequency. This provides insights into the pace of economic expansion or contraction and can signal turning points in the business cycle.
Methodology
The data is calculated based on official GDP statistics reported by Statistics Denmark.
Historical Context
Policymakers and economists monitor this indicator to assess the health of the Danish economy and inform monetary and fiscal policy decisions.
Key Facts
- Denmark's GDP grew 3.9% year-over-year in January 2023.
- The growth rate has averaged 2.5% over the past 5 years.
- This indicator reached a record high of 8.2% in June 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year growth rate of Denmark's nominal gross domestic product (GDP) on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The GDP growth rate is a key indicator of overall economic performance and can signal turning points in the business cycle, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated based on official GDP statistics reported by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this indicator to assess the health of the Danish economy and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a relatively short lag, typically within a few months of the reference period. However, early estimates may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (DNKPITGVG02GYM), retrieved from FRED.