Sales: Retail Trade: Total Retail Trade: Volume for Denmark
DNKSLRTTO01GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.18
Year-over-Year Change
-884.18%
Date Range
1/1/1969 - 5/1/2025
Summary
This economic indicator measures the total volume of retail trade sales in Denmark, providing insight into consumer spending and the overall health of the Danish 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
The Retail Trade: Total Retail Trade: Volume for Denmark trend represents the total volume of retail sales across all sectors in the country. It is a key indicator of consumer demand and an important metric for economists and policymakers to monitor.
Methodology
The data is collected by Statistics Denmark through surveys of retail businesses.
Historical Context
Retail trade volumes are closely watched by analysts to gauge the strength of private consumption and overall economic conditions.
Key Facts
- Denmark's retail trade volume reached a record high in 2022.
- Retail sales account for over 30% of Denmark's GDP.
- Fluctuations in retail trade are closely tied to consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total volume of retail trade sales across all sectors in Denmark, providing insight into consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: Retail trade volumes are a key indicator of consumer demand and an important metric for assessing the overall health of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Denmark through surveys of retail businesses.
Q: How is this trend used in economic policy?
A: Retail trade volumes are closely monitored by economists and policymakers to gauge the strength of private consumption and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis with a short time lag, allowing for timely analysis of trends in Danish consumer spending.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Denmark (DNKSLRTTO01GYSAM), retrieved from FRED.