Gross Domestic Product for Denmark
MKTGDPDKA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
429,457,372,071.87
Year-over-Year Change
31.42%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross Domestic Product (GDP) for Denmark is a key measure of the country's overall economic activity and production. It is widely used by economists and policymakers to analyze Denmark's economic performance and growth.
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
GDP is the total market value of all final goods and services produced within Denmark's borders over a given time period. It is a comprehensive indicator of a country's economic health and standard of living, reflecting consumer spending, business investment, government spending, and net exports.
Methodology
Denmark's GDP is calculated by the World Bank using national accounts data.
Historical Context
GDP figures are closely monitored by the Danish government, central bank, and international institutions to inform economic and monetary policy decisions.
Key Facts
- Denmark's GDP was $373 billion in 2021.
- GDP per capita in Denmark was $63,980 in 2021.
- Denmark's GDP grew by 4.9% in 2021 after contracting 2.1% in 2020.
FAQs
Q: What does this economic trend measure?
A: Gross Domestic Product (GDP) for Denmark measures the total value of all goods and services produced within the country over a given time period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of a country's economic health and standard of living, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: Denmark's GDP is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: GDP figures are closely monitored by the Danish government, central bank, and international institutions to inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: GDP data is typically released with a lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Harmonized Index of Consumer Prices: Fish and Seafood for Denmark
CP0113DKM086NEST
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Denmark
LRHUTTMADKM156S
Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Denmark
LFAC55TTDKQ647S
Infra-Annual Labor Statistics: Employment Female: From 15 to 64 Years for Denmark
LFEM64FEDKA657S
Bank's Net Interest Margin for Denmark
DDEI01DKA156NWDB
International Merchandise Trade Statistics: Imports: Commodities for Denmark
XTIMVA01DKM664S
Citation
U.S. Federal Reserve, Gross Domestic Product for Denmark (MKTGDPDKA646NWDB), retrieved from FRED.