National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Denmark
Index 2015=100, Annual
NAEXKP06DKA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.08
Year-over-Year Change
55.46%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'Index 2015=100, Annual' series measures the annual change in the real effective exchange rate index for Denmark, a key indicator of a country's international competitiveness.
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 real effective exchange rate (REER) index tracks the value of a country's currency against a weighted basket of other major currencies, adjusted for inflation. It provides insights into Denmark's trade and economic performance relative to its trading partners.
Methodology
The data is calculated by the Federal Reserve based on exchange rates and price indices.
Historical Context
Policymakers and analysts use the REER index to assess Denmark's export and import dynamics, and make informed decisions about trade and monetary policies.
Key Facts
- The base year for the index is 2015 = 100.
- Denmark's REER index has fluctuated between 95 and 105 over the past decade.
- A higher REER index indicates Denmark's currency is appreciating relative to its trading partners.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Annual' series measures the annual change in Denmark's real effective exchange rate (REER) index, which tracks the value of the Danish krone against a weighted basket of other major currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The REER index provides insights into Denmark's international competitiveness and trade dynamics, which are crucial for policymakers and market analysts to assess the country's economic performance and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on exchange rates and price indices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the REER index to evaluate Denmark's export and import competitiveness, and to inform decisions about trade and monetary policies.
Q: Are there update delays or limitations?
A: The data is published annually, with a potential delay of several months, and may not capture short-term exchange rate fluctuations.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP06DKA661S), retrieved from FRED.