National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Denmark
NAEXKP07DKQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
360,372,820,000.00
Year-over-Year Change
33.66%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the real value of imports of goods and services in Denmark, a key component of the country's GDP by expenditure. It provides important insights into Denmark's trade balance and international economic integration.
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 'National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services' trend represents the inflation-adjusted value of foreign goods and services purchased by Danish consumers, businesses, and the government. It is a critical indicator of Denmark's participation in global trade and supply chains.
Methodology
The data is collected and calculated by Denmark's national statistical agency based on detailed records of international transactions.
Historical Context
Economists and policymakers use this trend to assess Denmark's trade position, competitiveness, and exposure to external economic conditions.
Key Facts
- Denmark is a highly trade-dependent economy.
- Imports account for over 50% of Denmark's GDP.
- This trend has declined since the 2008 global financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted value of imports of goods and services in Denmark, a key component of the country's GDP by expenditure.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Denmark's trade balance, international economic integration, and exposure to external economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Denmark's national statistical agency based on detailed records of international transactions.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess Denmark's trade position, competitiveness, and integration into global supply chains.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have publication lags of several months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Denmark (NAEXKP07DKQ652S), retrieved from FRED.