Share of Merchandise Imports at Current Purchasing Power Parities for Denmark
CSHMCPDKA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.52
Year-over-Year Change
-20.04%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Merchandise Imports at Current Purchasing Power Parities for Denmark measures the value of Denmark's merchandise imports relative to its total economic output. This metric is crucial for understanding Denmark's international trade dynamics and competitiveness.
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 indicator represents the proportion of Denmark's total economic activity that is attributable to imported goods. It provides insights into the country's reliance on foreign trade and the degree of integration within the global marketplace.
Methodology
The data is calculated by the OECD using purchasing power parity (PPP) exchange rates to account for price level differences across countries.
Historical Context
Policymakers and analysts use this trend to assess Denmark's trade balance, international competitiveness, and the potential impact of trade policies.
Key Facts
- Denmark's merchandise imports accounted for over 40% of its GDP in 2020.
- The share of imports has remained relatively stable over the past decade.
- Denmark is a highly trade-dependent economy, with imports and exports each contributing around 50% of GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Denmark's total economic output that is attributable to imported goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Denmark's trade balance, international competitiveness, and exposure to global economic forces, which are crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using purchasing power parity (PPP) exchange rates to account for price level differences across countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Denmark's trade balance, international competitiveness, and the potential impact of trade policies on the domestic economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the OECD, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Denmark (CSHMCPDKA156NRUG), retrieved from FRED.