Price Level of Government Consumption for Denmark
PLGCPPDKA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.26
Year-over-Year Change
-21.95%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Denmark measures the relative price level of government consumption expenditures in Denmark compared to the OECD average. It provides insights into the cost efficiency of Denmark's public sector.
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 index tracks the relative price of government consumption goods and services in Denmark versus the OECD benchmark. It allows for cross-country comparisons of public sector purchasing power and cost structures.
Methodology
The data is calculated by the OECD based on national accounts information.
Historical Context
This metric is used by economists and policymakers to evaluate Denmark's public sector productivity and cost competitiveness.
Key Facts
- Denmark's government consumption price level was 121.5 in 2020.
- This was 21.5% above the OECD average.
- The index has declined from a high of 130.1 in 2006.
FAQs
Q: What does this economic trend measure?
A: This index measures the relative price level of government consumption expenditures in Denmark compared to the OECD average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the cost efficiency of Denmark's public sector, allowing for cross-country comparisons of government purchasing power and cost structures.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts information.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to evaluate Denmark's public sector productivity and cost competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD with a slight delay.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Denmark (PLGCPPDKA670NRUG), retrieved from FRED.