Output-side Real GDP at chained Purchasing Power Parities for Denmark
RGDPOSDKA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
311,838.00
Year-over-Year Change
24.78%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the output-side real GDP of Denmark adjusted for purchasing power parity (PPP). It provides a more accurate comparison of economic output across countries by accounting for price level differences.
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 output-side real GDP at chained PPPs for Denmark tracks the total value of goods and services produced in the Danish economy, adjusted for inflation and differences in price levels compared to the United States. This metric is widely used by economists and policymakers to evaluate Denmark's economic performance and living standards relative to other countries.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using expenditure-based national accounts and PPP exchange rates.
Historical Context
This trend informs analyses of Denmark's economic competitiveness, trade, and standard of living within the global economy.
Key Facts
- Denmark's output-side real GDP at PPP was $280 billion in 2021.
- Denmark's per capita GDP at PPP was $48,000 in 2021, among the highest in the world.
- Denmark's economy grew by 4.9% in 2021 as it recovered from the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services produced in the Danish economy, adjusted for inflation and differences in price levels compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of Denmark's economic output and living standards relative to other countries by accounting for price level differences.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using expenditure-based national accounts and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This trend informs analyses of Denmark's economic competitiveness, trade, and standard of living within the global economy.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Output-side Real GDP at chained Purchasing Power Parities for Denmark (RGDPOSDKA666NRUG), retrieved from FRED.