Price Level of GDP, average of GEKS-CPDW for Denmark
PL2GDPDKA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.38
Year-over-Year Change
15.56%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Denmark measures the relative price level of total economic output in Denmark compared to a global reference. It is a key metric for international economic comparisons.
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
This indicator represents the price level of a country's gross domestic product (GDP) relative to a global benchmark. It is calculated using the GEKS-CPDW method, which combines detailed price and volume data to enable cross-country GDP comparisons.
Methodology
The data is collected and calculated by the OECD using a sophisticated multilateral price index approach.
Historical Context
Policymakers and analysts use this metric to evaluate Denmark's economic competitiveness and living standards relative to other nations.
Key Facts
- Denmark's price level is 121.8% of the global average.
- This indicator has been tracked since 1970.
- The series is updated annually by the OECD.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the overall price level of goods and services in Denmark relative to a global reference, enabling cross-country comparisons of GDP.
Q: Why is this trend relevant for users or analysts?
A: The price level of GDP is a key metric for evaluating a country's economic competitiveness and living standards compared to other nations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using the GEKS-CPDW multilateral price index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Denmark's economic performance and living standards relative to its global peers.
Q: Are there update delays or limitations?
A: The series is updated annually by the OECD, with a one-year lag in the most recent data point.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Denmark (PL2GDPDKA621NUPN), retrieved from FRED.