Liquid Liabilities (Broad Money) for Denmark
DDOI07DKA648NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
187,859.20
Year-over-Year Change
-17.86%
Date Range
1/1/1960 - 1/1/2021
Summary
The 'Liquid Liabilities (Broad Money) for Denmark' is a key measure of the overall money supply in the Danish economy. It provides insight into the total liquid assets held by the public, which is critical for understanding economic activity and policymaking.
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
Liquid liabilities, also known as 'broad money', encompasses the most liquid forms of money in circulation, including currency, checking deposits, and other easily accessible financial instruments. This indicator gives economists and policymakers a comprehensive view of the Danish money supply and liquidity conditions.
Methodology
The data is collected and calculated by the World Bank based on official national accounts and monetary statistics.
Historical Context
Policymakers and analysts use this metric to gauge macroeconomic trends and the effectiveness of monetary policy in Denmark.
Key Facts
- Liquid liabilities represent over 150% of Denmark's GDP.
- Denmark has one of the highest rates of broad money growth in the EU.
- The Danish central bank closely monitors liquid liabilities to guide monetary policy.
FAQs
Q: What does this economic trend measure?
A: The 'Liquid Liabilities (Broad Money) for Denmark' metric measures the total value of the most liquid financial assets held by the public in the Danish economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides crucial insight into the overall money supply and liquidity conditions, which is essential for understanding macroeconomic trends and the effectiveness of monetary policy in Denmark.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official national accounts and monetary statistics from Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge macroeconomic conditions and the impact of monetary policy interventions in the Danish economy.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months of the reference period. There are no major known limitations to the reliability or coverage of this indicator.
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Citation
U.S. Federal Reserve, Liquid Liabilities (Broad Money) for Denmark (DDOI07DKA648NWDB), retrieved from FRED.