Consumer Price Index: OECD Groups: Services Less Housing: Total for Denmark
Quarterly
DNKCPGRLH01GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.38
Year-over-Year Change
33.97%
Date Range
4/1/1967 - 10/1/2023
Summary
The Quarterly Gross Domestic Product (GDP) by Income in Denmark measures the total value of goods and services produced in the Danish economy over a three-month period. It is a key indicator of economic growth and helps policymakers assess the overall health 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
The Quarterly GDP by Income provides a breakdown of Denmark's GDP based on income categories such as compensation of employees, gross operating surplus, and taxes less subsidies on production and imports. This data is used by economists and analysts to understand the drivers of economic activity and identify potential imbalances in the distribution of income.
Methodology
The data is collected and calculated by Statistics Denmark, the national statistical institute, based on a comprehensive survey of businesses and other economic entities.
Historical Context
The Quarterly GDP by Income is closely monitored by the Danish government, the central bank, and international organizations to inform macroeconomic policies and assessments of the Danish economy.
Key Facts
- Denmark's Quarterly GDP by Income grew by 0.3% in the fourth quarter of 2022.
- Compensation of employees accounts for around 50% of Denmark's Quarterly GDP by Income.
- The Quarterly GDP by Income data is released approximately 2 months after the end of the reference quarter.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Gross Domestic Product (GDP) by Income in Denmark measures the total value of goods and services produced in the Danish economy over a three-month period, broken down by income components such as compensation of employees and gross operating surplus.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly GDP by Income is a key indicator of economic growth and performance in Denmark, providing insights into the drivers of economic activity and the distribution of income. It is closely monitored by policymakers, economists, and analysts to inform macroeconomic assessments and policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Denmark, the national statistical institute, based on a comprehensive survey of businesses and other economic entities.
Q: How is this trend used in economic policy?
A: The Quarterly GDP by Income is used by the Danish government, the central bank, and international organizations to assess the overall health of the Danish economy and inform macroeconomic policies, such as fiscal and monetary measures.
Q: Are there update delays or limitations?
A: The Quarterly GDP by Income data is released approximately 2 months after the end of the reference quarter, and there may be minor revisions to the data over time as more complete information becomes available.
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (GDP) by Income in Denmark (DNKCPGRLH01GPQ), retrieved from FRED.