Purchasing Power Parity Converted GDP Chain per worker for Denmark
RGDPWODKA627NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,299.53
Year-over-Year Change
10.44%
Date Range
1/1/1950 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Chain per worker for Denmark measures the total economic output per employed person, adjusted for differences in purchasing power across countries.
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 metric provides a standardized comparison of productivity and living standards between Denmark and other nations. It is a key indicator used by economists and policymakers to analyze economic development and competitiveness.
Methodology
The data is calculated by the University of Groningen using national accounts and labor force statistics.
Historical Context
Trends in this metric are closely monitored by international organizations and investors to assess the Danish economy's performance.
Key Facts
- Denmark has one of the highest GDP per worker levels among OECD countries.
- The metric has grown steadily over the past two decades, reflecting strong productivity gains.
- Denmark's high ranking on this indicator is linked to its advanced economy and skilled labor force.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total economic output per employed person in Denmark, adjusted for differences in purchasing power compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key benchmark for assessing Denmark's economic performance and competitiveness relative to its global peers.
Q: How is this data collected or calculated?
A: The data is calculated by the University of Groningen using national accounts and labor force statistics.
Q: How is this trend used in economic policy?
A: Trends in this metric are closely monitored by international organizations and investors to evaluate the Danish economy's productivity and development.
Q: Are there update delays or limitations?
A: There may be delays of several months in the latest data being available due to the time required for collection and processing.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Chain per worker for Denmark (RGDPWODKA627NUPN), retrieved from FRED.