Gross Domestic Product Per Capita for Denmark
PCAGDPDKA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71,851.76
Year-over-Year Change
22.94%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per Capita for Denmark measures the total economic output of Denmark divided by its population. This key economic indicator provides insight into the standard of living and productivity in the country.
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
GDP per Capita is a widely used metric that allows for cross-country comparisons of economic development and living standards. It represents the average income per person in a given economy and is an important factor considered by policymakers, investors, and economists when evaluating Denmark's economic performance.
Methodology
The data is collected and calculated by the World Bank based on official government statistics.
Historical Context
GDP per Capita is closely monitored by policymakers to guide economic and social policies.
Key Facts
- Denmark's GDP per Capita was $60,302 in 2021.
- Denmark consistently ranks among the world's highest GDP per Capita countries.
- GDP per Capita growth in Denmark averaged 1.3% from 2000 to 2021.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per Capita for Denmark measures the total economic output of the country divided by its population. It provides insight into the average standard of living and productivity in Denmark.
Q: Why is this trend relevant for users or analysts?
A: GDP per Capita is a widely used metric that allows for cross-country comparisons of economic development and living standards. It is an important factor considered by policymakers, investors, and economists when evaluating Denmark's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official government statistics.
Q: How is this trend used in economic policy?
A: GDP per Capita is closely monitored by policymakers in Denmark to guide economic and social policies aimed at improving the country's standard of living and productivity.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with a slight delay due to the time required for data collection and processing.
Related Trends
Harmonized Index of Consumer Prices: Passenger Transport by Air for Denmark
CP0733DKM086NEST
Labor Compensation: Earnings: Private Sector: Hourly for Denmark
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Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Denmark
LREM24TTDKA156N
Harmonized Index of Consumer Prices: Furniture and Furnishings, Carpets and Other Floor Coverings for Denmark
CP0510DKM086NEST
Balance of Payments: Services: Revenue for Denmark
DNKB6CRSE03STSAQ
Producer Prices Index: Economic Activities: Energy: Total for Denmark
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Denmark (PCAGDPDKA646NWDB), retrieved from FRED.