Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Denmark
KGPPPGDKA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.77
Year-over-Year Change
-1.73%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the share of government consumption in Denmark's purchasing power parity (PPP) converted GDP per capita at constant prices. It provides insights into the role of government spending in the country's economic output.
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 Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita trend represents the proportion of Denmark's total economic output that is attributed to government expenditures, adjusted for price differences across countries. This metric is useful for cross-country comparisons and analyzing the government's role in the economy.
Methodology
The data is calculated by the OECD using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and economists use this trend to evaluate the size and influence of the public sector in Denmark's economy.
Key Facts
- Denmark's government consumption share averaged 26% of GDP from 2010-2020.
- The trend has remained relatively stable over the past decade.
- Government spending plays a significant role in Denmark's social welfare model.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Denmark's purchasing power parity (PPP) converted GDP per capita at constant prices.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the role of government spending in Denmark's economic output and is useful for cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the size and influence of the public sector in Denmark's economy.
Q: Are there update delays or limitations?
A: The data is updated regularly by the OECD, but there may be some delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Denmark (KGPPPGDKA156NUPN), retrieved from FRED.