Price Level of Government Consumption for Denmark
PLOGINDKA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174.90
Year-over-Year Change
19.37%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Denmark measures the relative price of government consumption in Denmark compared to the OECD average. It provides insights into the cost-effectiveness 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 price level of government consumption in Denmark, which includes spending on public services, social transfers, and government investment. It allows for international comparisons of the relative cost of public sector activities.
Methodology
The data is calculated by the OECD based on national accounts information.
Historical Context
Policymakers use this metric to evaluate the efficiency of Denmark's public spending and make informed decisions about fiscal policy.
Key Facts
- Denmark's government consumption price level is above the OECD average.
- The index has remained relatively stable over the past decade.
- Public sector efficiency is a key consideration for Danish economic policy.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Denmark measures the relative price of government consumption 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-effectiveness of Denmark's public sector, which is crucial for evaluating the efficiency of government spending and informing fiscal policy decisions.
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: Policymakers use this metric to evaluate the efficiency of Denmark's public spending and make informed decisions about fiscal policy.
Q: Are there update delays or limitations?
A: The data is updated regularly by the OECD, but there may be some delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Denmark (PLOGINDKA623NUPN), retrieved from FRED.