Constant GDP per capita for Denmark
NYGDPPCAPKDDNK • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63,229.95
Year-over-Year Change
22.85%
Date Range
1/1/1960 - 1/1/2024
Summary
Constant GDP per capita for Denmark measures the economic output per person in the country, adjusted for inflation. This metric is a key indicator of a country's standard of living and economic development.
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
Constant GDP per capita is a measure of a country's economic productivity and development, showing the total economic output divided by the population. It provides insight into the prosperity and living standards of a nation's citizens.
Methodology
The data is calculated by the World Bank using official national accounts and population statistics.
Historical Context
This trend is widely used by economists, policymakers, and analysts to assess a country's economic performance and progress over time.
Key Facts
- Denmark's constant GDP per capita was $51,610 in 2021.
- Denmark's GDP per capita has grown by over 50% since 2000.
- Denmark consistently ranks among the highest in the world for GDP per capita.
FAQs
Q: What does this economic trend measure?
A: Constant GDP per capita for Denmark measures the total economic output of the country divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Denmark's standard of living and economic development, allowing for comparisons over time and between countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official national accounts and population statistics.
Q: How is this trend used in economic policy?
A: Constant GDP per capita is a key indicator used by economists, policymakers, and analysts to assess a country's economic performance and progress.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical lag of 1-2 years.
Related Trends
Harmonized Index of Consumer Prices: Milk, Cheese and Eggs for Denmark
CP0114DKM086NEST
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Denmark
LREM24TTDKQ156S
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 64 Years for Denmark
LFUN64MADKA647N
Balance of Payments: Services: Revenue for Denmark
DNKB6CRSE03STSAQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Denmark
DNKCPALTT01CTGYM
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Denmark
CPGREN01DKQ657N
Citation
U.S. Federal Reserve, Constant GDP per capita for Denmark (NYGDPPCAPKDDNK), retrieved from FRED.