Producer Prices Index: Economic Activities: Energy: Total for Denmark
Growth rate same period previous year, Monthly
DNKPIEAEN01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.43
Year-over-Year Change
-81.53%
Date Range
1/1/2001 - 12/1/2022
Summary
The 'Growth rate same period previous year, Monthly' trend measures the year-over-year change in a country's economic output. This data point is a key indicator of overall economic performance and a critical input for policymakers and analysts.
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 series tracks the monthly growth rate of a country's Gross Domestic Product (GDP) compared to the same month in the previous year. Economists use this statistic to assess the broader economic landscape and identify expansion or contraction phases of the business cycle.
Methodology
The data is calculated by national statistical agencies based on surveys and economic output measures.
Historical Context
Policymakers and market participants closely monitor this indicator to inform monetary and fiscal policy decisions.
Key Facts
- The data is reported on a monthly basis.
- GDP growth rates can signal economic expansion or recession.
- This metric is a leading indicator of overall economic health.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year growth rate of a country's Gross Domestic Product (GDP) on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: GDP growth rates are a critical input for policymakers and market participants to assess the broader economic landscape and identify business cycle phases.
Q: How is this data collected or calculated?
A: The data is calculated by national statistical agencies based on surveys and economic output measures.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this indicator to inform monetary and fiscal policy decisions that can impact employment, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be publication lags or revisions due to the complex nature of GDP accounting.
Related Trends
Fertility Rate, Total for Denmark
SPDYNTFRTINDNK
Population ages 65 and above for Denmark
SPPOP65UPTOZSDNK
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: 25 Years or over for Denmark
LRHUADFEDKM156S
Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 24 Years for Denmark
LRAC24FEDKQ156S
Production: Manufacturing: Consumer Goods: Durable Goods for Denmark
PRMNCG02DKQ661S
Infra-Annual Labor Statistics: Employment Male: From 25 to 54 Years for Denmark
LFEM25MADKA647N
Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly (DNKPIEAEN01GYM), retrieved from FRED.