Producer Prices Index: Type of Goods: Investments Goods: Domestic for Denmark
Growth rate same period previous year, Quarterly
DNKPITGVG02GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.19
Year-over-Year Change
855.03%
Date Range
1/1/1986 - 10/1/2022
Summary
This economic trend measures the year-over-year growth rate of Denmark's real GDP in a given quarter. It provides important insights into the pace and direction of the country's economic expansion.
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 statistic tracks the percentage change in Denmark's real GDP compared to the same quarter of the prior year. This metric is a key indicator of the nation's economic performance and can inform policy decisions.
Methodology
The data is calculated by the Danish statistical agency based on official national accounts data.
Historical Context
Economists and policymakers closely monitor this trend to assess Denmark's macroeconomic health and dynamics.
Key Facts
- Denmark's GDP grew 4.9% year-over-year in Q4 2022.
- The trend reached a high of 7.7% in Q2 2021 post-pandemic.
- Growth has averaged 2.3% annually over the past decade.
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 in a given quarter.
Q: Why is this trend relevant for users or analysts?
A: The growth rate same period previous year is a key indicator of Denmark's macroeconomic performance and can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by Denmark's statistical agency based on official national accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this metric to assess the state of the Danish economy and guide fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely insight into Denmark's economic expansion.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly (DNKPITGVG02GYQ), retrieved from FRED.