National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Sweden
Swedish Krona, Annual
NAEXKP03SEA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,485,304,000,000.00
Year-over-Year Change
13.98%
Date Range
1/1/1993 - 1/1/2022
Summary
The Swedish Krona, Annual series measures the annual exchange rate between the Swedish Krona and the U.S. Dollar. This metric is important for analyzing international trade, foreign direct investment, and the overall competitiveness of the Swedish 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 Swedish Krona, Annual series provides the yearly average exchange rate between the Swedish Krona and the U.S. Dollar. It is a key indicator used by economists, policymakers, and businesses to assess Sweden's economic performance and purchasing power on the global stage.
Methodology
The data is collected by the U.S. Federal Reserve from official government sources.
Historical Context
The exchange rate between the Krona and Dollar is closely monitored for its impact on Swedish exports, imports, and the international competitiveness of Swedish firms.
Key Facts
- The Swedish Krona is the official currency of Sweden.
- Sweden is a major exporter of machinery, motor vehicles, and telecommunications equipment.
- The Krona has experienced periods of both appreciation and depreciation against the U.S. Dollar.
FAQs
Q: What does this economic trend measure?
A: The Swedish Krona, Annual series measures the yearly average exchange rate between the Swedish Krona and the U.S. Dollar.
Q: Why is this trend relevant for users or analysts?
A: The Krona-Dollar exchange rate is a key indicator of Sweden's economic competitiveness and is closely watched by policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from official government sources.
Q: How is this trend used in economic policy?
A: The Krona exchange rate is monitored for its impact on Swedish exports, imports, and the international competitiveness of Swedish firms.
Q: Are there update delays or limitations?
A: The data is provided on an annual basis with no significant update delays.
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Citation
U.S. Federal Reserve, Swedish Krona, Annual (NAEXKP03SEA652S), retrieved from FRED.