National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Denmark
Growth rate same period previous year, Annual
NAEXKP02DKA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.98
Year-over-Year Change
173.84%
Date Range
1/1/1996 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' series measures the year-over-year change in real gross domestic product (GDP) in Denmark. This key economic indicator provides insight into the overall health and momentum 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
This annual growth rate metric compares a country's real GDP in the current year to the previous year, allowing economists to analyze economic expansion or contraction over time. It is a widely-used statistic for evaluating a nation's macroeconomic performance and informing policy decisions.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Historical Context
Policymakers and analysts closely monitor GDP growth rates to assess economic conditions and make informed decisions.
Key Facts
- Denmark's GDP grew 3.9% in 2021 compared to 2020.
- The fastest GDP growth rate in Denmark was 7.5% in 1984.
- Real GDP contracted by 2.1% in Denmark in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' series measures the year-over-year change in Denmark's real gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This GDP growth rate is a key indicator of a country's overall economic health and performance, making it highly relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information for Denmark.
Q: How is this trend used in economic policy?
A: Governments and central banks closely monitor GDP growth rates to assess the state of the economy and inform policy decisions, such as setting interest rates or adjusting fiscal policies.
Q: Are there update delays or limitations?
A: There may be a delay of several months before the latest annual GDP growth rate data becomes available.
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Central Bank Assets to GDP for Denmark
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP02DKA659S), retrieved from FRED.