Share of Household Consumption at Current Purchasing Power Parities for Sweden
CSHCCPSEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
-2.14%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Sweden measures the relative size of household consumption in the Swedish economy. This metric is important for economists and policymakers to assess the role of domestic demand in Sweden's economic growth and 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
This indicator represents the share of total household consumption expenditures in Sweden's gross domestic product (GDP), adjusted for differences in purchasing power across countries. It provides insight into the structure and composition of Sweden's economy and can be used to make cross-country comparisons.
Methodology
The data is calculated by the OECD based on national accounts and purchasing power parity information.
Historical Context
Policymakers and analysts use this metric to evaluate Sweden's economic performance and competitiveness relative to other nations.
Key Facts
- Sweden's household consumption accounts for over 45% of its GDP.
- The share of household consumption has remained relatively stable over the past decade.
- Sweden has one of the highest household consumption shares among OECD countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total household consumption expenditures in Sweden's gross domestic product (GDP), adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the structure and composition of Sweden's economy and can be used to make cross-country comparisons, which is relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts and purchasing power parity information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Sweden's economic performance and competitiveness relative to other nations, which informs economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is updated regularly by the OECD, but there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Sweden (CSHCCPSEA156NRUG), retrieved from FRED.