Nominal Total Credit to General Government, Adjusted for Breaks, for Denmark
Billions of Danish Krones
QDKGANXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
920.59
Year-over-Year Change
-11.44%
Date Range
1/1/2000 - 10/1/2024
Summary
The 'Billions of Danish Krones' economic trend measures the total value of goods and services produced in Denmark, expressed in Danish krones. This key indicator provides insight into the overall size and health of the Danish economy.
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 'Billions of Danish Krones' metric represents Denmark's gross domestic product (GDP), which is the broadest measure of economic activity. GDP is a fundamental statistic used by policymakers, analysts, and economists to assess a country's economic performance and make informed decisions.
Methodology
The data is calculated by Denmark's national statistical agency based on comprehensive surveys and economic records.
Historical Context
GDP figures are closely watched by the Danish government, central bank, and global financial markets to gauge the country's economic conditions and guide policy.
Key Facts
- Denmark's GDP was 2.3 trillion Danish krones in 2021.
- GDP per capita in Denmark was over $60,000 in 2021.
- Denmark has one of the world's most prosperous and stable economies.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Danish Krones' trend measures the total value of goods and services produced in Denmark, which is the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of a country's economic performance and is closely watched by policymakers, economists, and financial markets to assess Denmark's overall economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by Denmark's national statistical agency based on comprehensive surveys and economic records.
Q: How is this trend used in economic policy?
A: GDP figures are used by the Danish government, central bank, and global financial markets to gauge the country's economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The GDP data is published quarterly with a lag of several months, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Billions of Danish Krones (QDKGANXDCA), retrieved from FRED.