Real GDP at Constant National Prices for Denmark
RGDPNADKA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
311,263.66
Year-over-Year Change
14.63%
Date Range
1/1/1950 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Denmark measures the total economic output of Denmark, adjusted for inflation. It is a key indicator of the overall 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
This metric tracks the real (inflation-adjusted) gross domestic product of Denmark, providing a comprehensive measure of the country's economic performance over time. It is widely used by economists, policymakers, and analysts to assess Denmark's economic trends and compare its growth to other nations.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using national accounts data.
Historical Context
Trends in real GDP are closely monitored by government agencies, central banks, and international organizations to inform economic and policy decisions.
Key Facts
- Denmark's real GDP reached a record high in 2021.
- The manufacturing sector is a major contributor to Denmark's GDP.
- Real GDP growth in Denmark averaged 1.8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total inflation-adjusted economic output of Denmark, providing a comprehensive gauge of the country's economic performance.
Q: Why is this trend relevant for users or analysts?
A: Trends in real GDP are a crucial indicator of a country's economic health and growth, and are closely monitored by policymakers, economists, and investors to inform decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using national accounts data from Denmark.
Q: How is this trend used in economic policy?
A: Movements in real GDP are a key input for central banks, governments, and international organizations when making economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Denmark (RGDPNADKA666NRUG), retrieved from FRED.