Total Credit to General Government, Adjusted for Breaks, for Denmark
Billions of Danish Krones
QDKGAMXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
894.55
Year-over-Year Change
-22.69%
Date Range
1/1/1995 - 10/1/2024
Summary
The 'Billions of Danish Krones' metric tracks the total value of Denmark's gross domestic product (GDP) denominated in Danish krones. This broad economic indicator is closely watched by policymakers and analysts to assess the health and growth of 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
The 'Billions of Danish Krones' series represents the total market value of all final goods and services produced within Denmark's borders, converted to the national currency. It is a fundamental measure of economic output and a key input for evaluating Denmark's economic performance and international competitiveness.
Methodology
The data is calculated quarterly by Statistics Denmark based on comprehensive surveys and administrative records.
Historical Context
Economists and investors monitor this series to gauge Denmark's macroeconomic conditions and make informed policy and investment decisions.
Key Facts
- Denmark's GDP reached 1.7 trillion Danish krones in 2021.
- The Danish economy grew by 4.9% in 2021 after contracting in 2020.
- Denmark has one of the highest GDP per capita levels in the world.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Danish Krones' metric tracks the total market value of all final goods and services produced within Denmark's borders, denominated in the national currency.
Q: Why is this trend relevant for users or analysts?
A: This broad measure of economic output is a key indicator used by policymakers, economists, and investors to assess the health and growth of the Danish economy.
Q: How is this data collected or calculated?
A: The data is calculated quarterly by Statistics Denmark based on comprehensive surveys and administrative records.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this series to gauge Denmark's macroeconomic conditions and make informed decisions about fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately two months, which is typical for national accounts statistics.
Related Trends
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Infra-Annual Labor Statistics: Unemployment Total: From 55 to 64 Years for Denmark
LFUN55TTDKQ647N
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 25 Years or over for Denmark
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Central government debt, total (% of GDP) for Denmark
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Citation
U.S. Federal Reserve, Billions of Danish Krones (QDKGAMXDCA), retrieved from FRED.