Price Level of GDP, G-K method for Denmark
PLOGDPDKA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.99
Year-over-Year Change
16.00%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Denmark measures the general price level of Denmark's gross domestic product using the Geary-Khamis method. This metric is important for economists and policymakers to assess Denmark's economic conditions and make informed decisions.
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 Price Level of GDP, G-K method for Denmark is an index that represents the overall price level of goods and services that make up Denmark's GDP. The Geary-Khamis method is used to calculate this index, which allows for cross-country comparisons of price levels.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using information from various statistical agencies.
Historical Context
This metric is widely used by economists, analysts, and policymakers to evaluate Denmark's economic performance and inform policy decisions.
Key Facts
- Denmark's Price Level of GDP, G-K method was 87.78 in 2021.
- This index has remained relatively stable over the past decade.
- The Geary-Khamis method allows for international price level comparisons.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Denmark measures the general price level of goods and services that make up Denmark's gross domestic product using the Geary-Khamis calculation method.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess Denmark's economic conditions and make informed decisions, as it provides insights into the country's overall price level relative to its GDP.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using information from various statistical agencies.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, analysts, and policymakers to evaluate Denmark's economic performance and inform policy decisions related to trade, inflation, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Denmark (PLOGDPDKA621NUPN), retrieved from FRED.