Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Denmark
PLGDPODKA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.12
Year-over-Year Change
-12.49%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the price level of output-side real GDP in Denmark, adjusting for differences in purchasing power between Denmark and a reference country.
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 price level of output-side real GDP at current purchasing power parities (PPP) compares the cost of a standardized basket of goods and services in Denmark to a reference country, typically the United States. This provides insights into the relative affordability of Danish products and services.
Methodology
The data is calculated by the OECD using national accounts and exchange rate data.
Historical Context
This metric is valuable for policymakers and analysts assessing Denmark's economic competitiveness.
Key Facts
- Denmark's price level was 134.4% of the U.S. level in 2020.
- The PPP-adjusted GDP per capita in Denmark was $50,855 in 2020.
- Denmark has one of the highest price levels among OECD countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of output-side real GDP in Denmark, adjusting for differences in purchasing power between Denmark and a reference country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative affordability of Danish products and services, which is valuable for assessing Denmark's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and exchange rate data.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess Denmark's economic competitiveness on the global stage.
Q: Are there update delays or limitations?
A: The data is updated annually by the OECD and may have a delay of several months.
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Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Denmark (PLGDPODKA670NRUG), retrieved from FRED.