National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Denmark
Growth rate same period previous year, Annual
DNKGDPRAPSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.48
Year-over-Year Change
-64119.06%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in a country's gross domestic product (GDP). This key economic indicator provides insight into the overall health and performance of a national 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 annual growth rate series calculates the percent change in GDP compared to the same period in the prior year. It offers a broader perspective on economic expansion or contraction than quarter-over-quarter data, which can be more volatile.
Methodology
The data is derived from official GDP figures reported by national statistical agencies.
Historical Context
Policymakers and analysts monitor this trend to assess a country's macroeconomic trajectory and guide fiscal and monetary policy decisions.
Key Facts
- GDP growth rates can signal economic expansions and recessions.
- Positive growth rates generally indicate a healthy, expanding economy.
- Negative growth rates suggest an economy is in a contractionary period.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percent change in a country's gross domestic product (GDP), providing insight into overall economic growth or contraction.
Q: Why is this trend relevant for users or analysts?
A: The annual GDP growth rate is a key macroeconomic indicator used by policymakers, economists, and investors to assess a country's economic performance and trajectory.
Q: How is this data collected or calculated?
A: The data is derived from official GDP figures reported by national statistical agencies.
Q: How is this trend used in economic policy?
A: Governments and central banks monitor GDP growth rates to guide fiscal and monetary policy decisions, aiming to promote stable and sustainable economic expansion.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, as national accounts data is typically released on a quarterly or annual basis.
Related Trends
Exchange Rate Adjusted Changes of Domestic Debt Securities for Issuers in Financial Corporations, Residence of Issuer in Denmark
DSAMRIFCERDK
Internet users for Denmark
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Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Denmark
LFEAICTTDKA647S
Producer Prices Index: Type of Goods: Durable Consumer Goods: Domestic for Denmark
PITGCD02DKQ661N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Denmark
DNKCPHP1200IXOBM
Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 74 Years for Denmark
LRIN74TTDKA156N
Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (DNKGDPRAPSMEI), retrieved from FRED.