Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Denmark
Growth rate same period previous year, Quarterly
DNKPITGCG02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.79
Year-over-Year Change
334.31%
Date Range
1/1/2001 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of real gross domestic product (GDP) in Denmark on a quarterly basis. It provides important insights into the pace of the country's economic expansion or contraction.
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 same period previous year, Quarterly metric tracks the percentage change in Denmark's real GDP compared to the same quarter of the previous year. This is a key indicator used by economists and policymakers to assess the overall health and trajectory of the Danish economy.
Methodology
The data is calculated by the Danish national statistics office based on comprehensive GDP accounts.
Historical Context
Analysts and institutions closely monitor this trend to understand Denmark's macroeconomic performance and inform policy decisions.
Key Facts
- Denmark's GDP grew 4.9% year-over-year in Q4 2021.
- The fastest growth rate in this series was 7.7% in Q3 2021.
- Quarterly GDP growth slowed to 0.9% in Q1 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in Denmark's real gross domestic product (GDP) on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the pace of Denmark's economic expansion or contraction, which is crucial information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the Danish national statistics office based on comprehensive GDP accounts.
Q: How is this trend used in economic policy?
A: Analysts and institutions closely monitor this trend to understand Denmark's macroeconomic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (DNKPITGCG02GYQ), retrieved from FRED.