Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Denmark
Growth rate previous period, Quarterly
DNKCP120000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-9.52%
Date Range
4/1/2000 - 10/1/2023
Summary
The growth rate previous period, Quarterly measures the quarter-over-quarter percent change in the value of total capital and output in Denmark. This metric is a key indicator of economic growth and productivity.
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 pace of change in Denmark's overall output and capital formation on a quarterly basis. It is widely used by economists, policymakers, and analysts to assess the health and trajectory of the Danish economy.
Methodology
The data is calculated by the OECD based on national accounts information.
Historical Context
The growth rate previous period helps inform monetary and fiscal policy decisions in Denmark.
Key Facts
- Denmark's quarterly growth rate averaged 0.5% from 2010-2019.
- Growth decelerated to -2.1% in Q1 2020 due to the COVID-19 pandemic.
- The highest quarterly growth rate on record was 2.4% in Q3 2016.
FAQs
Q: What does this economic trend measure?
A: The growth rate previous period, Quarterly measures the quarter-over-quarter percent change in Denmark's total economic output and capital formation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a timely gauge of Denmark's overall economic performance and helps inform policy decisions and market assessments.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts information provided by the Danish government.
Q: How is this trend used in economic policy?
A: The growth rate previous period is closely monitored by the Danish central bank and government to assess the need for monetary or fiscal policy adjustments.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately 3 months, providing a near real-time view of Denmark's economic growth.
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Citation
U.S. Federal Reserve, Growth rate previous period, Quarterly (DNKCP120000GPQ), retrieved from FRED.