Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Denmark
KCPPPGDKA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.77
Year-over-Year Change
6.38%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the proportion of Denmark's GDP per capita that is allocated to household consumption, adjusted for purchasing power parity. It provides insights into the consumption patterns and living standards of the Danish population.
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 consumption share of GDP per capita, adjusted for purchasing power parity, represents the percentage of a country's economic output that is devoted to household consumption. This metric is widely used by economists and policymakers to analyze consumer behavior, living standards, and the overall state of the economy.
Methodology
The data is collected and calculated by the OECD using a purchasing power parity (PPP) conversion factor to adjust for differences in price levels between countries.
Historical Context
This trend is a key indicator for understanding the Danish economy and is often used to inform policy decisions and economic forecasting.
Key Facts
- Denmark's consumption share of GDP per capita was 54.9% in 2021.
- The trend has remained relatively stable over the past decade.
- Consumption patterns reflect the high living standards in Denmark.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Denmark's GDP per capita that is allocated to household consumption, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the consumption patterns and living standards of the Danish population, which is important for understanding the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using a purchasing power parity (PPP) conversion factor to adjust for differences in price levels between countries.
Q: How is this trend used in economic policy?
A: This trend is a key indicator for understanding the Danish economy and is often used to inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is updated regularly by the OECD, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Denmark (KCPPPGDKA156NUPN), retrieved from FRED.