National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Denmark
NAEXKP03DKQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130,303,100,000.00
Year-over-Year Change
3.87%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Denmark, adjusting for inflation. It is a key component of the country's gross domestic product (GDP) and provides insight into the role of public spending in 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
Government final consumption expenditure represents the value of goods and services produced by the public sector and consumed by households. This indicator is used by economists and policymakers to analyze the composition and growth of Denmark's GDP from the expenditure side.
Methodology
The data is collected and calculated by Statistics Denmark based on national accounts.
Historical Context
This trend is important for understanding the contribution of government spending to Denmark's economic performance and its implications for fiscal and economic policies.
Key Facts
- Denmark's government final consumption expenditure accounts for around 25% of its GDP.
- Government spending in Denmark has remained relatively stable as a share of GDP over the past decade.
- Public consumption expenditure is an important driver of Denmark's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in Denmark, which represents the value of goods and services produced by the public sector and consumed by households.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding the composition and growth of Denmark's GDP from the expenditure side, and its implications for fiscal and economic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Denmark based on national accounts.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the role of public spending in the Danish economy and its impact on overall economic performance.
Q: Are there update delays or limitations?
A: The data is updated regularly by Statistics Denmark, with minimal delays. However, revisions to historical data may occur as more information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Denmark (NAEXKP03DKQ189S), retrieved from FRED.