Producer Prices Index: Type of Goods: Durable Consumer Goods: Total for Denmark
Growth rate previous period, Monthly
DNKPITGCD01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-91.64%
Date Range
2/1/1985 - 12/1/2022
Summary
The Growth rate previous period, Monthly trend measures the month-over-month change in real GDP for Denmark. This key indicator provides insight into the pace of Denmark's economic growth and is closely tracked by 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
The Growth rate previous period, Monthly series tracks the month-on-month percent change in Denmark's real gross domestic product (GDP), adjusted for inflation. This metric is a leading indicator of overall economic performance and used to assess the strength and trajectory of Denmark's economy.
Methodology
The data is collected and calculated by Statistics Denmark based on quarterly GDP estimates.
Historical Context
The growth rate is a vital input for monetary and fiscal policy decisions in Denmark.
Key Facts
- Denmark's GDP growth rate averaged 0.5% from 2010-2019.
- The highest monthly growth rate was 1.7% in June 2021.
- GDP growth slowed to -1.7% in April 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Monthly trend measures the month-over-month percent change in Denmark's real gross domestic product (GDP), adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides crucial insight into the pace and trajectory of Denmark's economic growth, which is a key input for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Denmark based on quarterly GDP estimates.
Q: How is this trend used in economic policy?
A: The GDP growth rate is a vital input for monetary and fiscal policy decisions in Denmark, as it helps assess the overall health and direction of the economy.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month delay, as it relies on quarterly GDP estimates.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (DNKPITGCD01GPM), retrieved from FRED.