International Trade: Net Trade: Value (Goods): Total for Denmark
DNKXTNTVA01STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.87
Year-over-Year Change
-34.94%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the net trade value of goods for Denmark, which is an important indicator of the country's international trade balance and 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
Net trade value tracks the difference between Denmark's total exports and total imports of goods, providing insight into the nation's trade surplus or deficit. This metric is widely used by economists and policymakers to assess Denmark's external competitiveness and the overall health of its economy.
Methodology
The data is collected and calculated by national statistical agencies and reported through international economic data channels.
Historical Context
Net trade value is a key input for analyzing Denmark's macroeconomic conditions and trade policies.
Key Facts
- Denmark is a leading global exporter of goods such as pharmaceuticals, machinery, and food products.
- The country has maintained a consistent trade surplus in recent years.
- Net trade is an important driver of Denmark's overall economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net trade value of goods for Denmark, which is the difference between the country's total exports and total imports.
Q: Why is this trend relevant for users or analysts?
A: Net trade value is a key indicator of Denmark's international competitiveness and the overall health of its economy, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by national statistical agencies and reported through international economic data channels.
Q: How is this trend used in economic policy?
A: Policymakers in Denmark and abroad closely monitor the country's net trade value to assess its external performance and inform trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: There may be some delays in reporting the latest net trade data, as it relies on the timely collection and compilation of international trade statistics.
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Citation
U.S. Federal Reserve, International Trade: Net Trade: Value (Goods): Total for Denmark (DNKXTNTVA01STSAQ), retrieved from FRED.