National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Denmark
NAEXKP06DKQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
403,738,130,000.00
Year-over-Year Change
36.57%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the value of exports of goods and services for Denmark, adjusted for inflation. It is a key component of Denmark's Gross Domestic Product (GDP) and provides insight into the country's international trade performance.
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 Exports of Goods and Services trend represents the total value of all goods and services exported from Denmark to other countries. It is a crucial indicator of Denmark's economic health and global competitiveness, as exports contribute significantly to the nation's GDP.
Methodology
The data is collected and calculated by Denmark's national statistical agency based on surveys of businesses and trade statistics.
Historical Context
Policymakers and economists use this trend to assess Denmark's trade balance, competitiveness, and the potential impact of external factors on the domestic economy.
Key Facts
- Denmark's exports of goods and services account for over 50% of its GDP.
- The top export destinations for Denmark are Germany, Sweden, and the United Kingdom.
- Fluctuations in this trend can signal changes in global demand or Denmark's competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services exported from Denmark to other countries, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Denmark's international trade performance and competitiveness, which are crucial factors for the country's economic growth and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Denmark's national statistical agency based on surveys of businesses and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Denmark's trade balance, competitiveness, and the potential impact of external factors on the domestic economy.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis, with a delay of several months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Denmark (NAEXKP06DKQ652S), retrieved from FRED.