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Growth rate same period previous year, Quarterly
DNKCCUSMA02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.01
Year-over-Year Change
-33.37%
Date Range
1/1/1960 - 10/1/2023
Summary
The growth rate same period previous year, Quarterly trend measures the year-over-year change in economic activity in Denmark. This key metric provides insights into the pace and direction 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
This economic indicator tracks the quarter-over-quarter growth rate compared to the same quarter in the previous year. It is a widely used measure of economic performance that allows for analysis of cyclical trends and seasonal patterns in the Danish economy.
Methodology
The data is collected and calculated by Statistics Denmark based on surveys and administrative records.
Historical Context
Policymakers and analysts closely monitor this indicator to assess the health of the Danish economy and inform economic policy decisions.
Key Facts
- Denmark is the largest Nordic economy.
- The Danish economy is highly dependent on exports.
- The growth rate trend is a leading indicator of economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in economic activity in Denmark, providing insights into the pace and direction of the Danish economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator is widely used to analyze cyclical trends and seasonal patterns in the Danish economy, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Denmark based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this indicator to assess the health of the Danish economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of official government statistics.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (DNKCCUSMA02GYQ), retrieved from FRED.