National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Sweden
NAEXKP03SEQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
378,561,000,000.00
Year-over-Year Change
5.10%
Date Range
1/1/1993 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Sweden, adjusted for inflation. It is a key indicator of fiscal policy and the size of the public sector in 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
Government final consumption expenditure is a component of gross domestic product (GDP) that represents spending by the public sector on goods and services. This data series provides a detailed breakdown of expenditure on a real, inflation-adjusted basis, enabling analysis of the government's role and fiscal stance.
Methodology
The data is calculated by the Swedish statistical agency using national accounts methodology.
Historical Context
Economists and policymakers monitor this indicator to assess the fiscal policy stance and the relative size of the public sector in Sweden's economic activity.
Key Facts
- Sweden's government final consumption expenditure was 27.9% of GDP in 2021.
- The series dates back to 1980 and is updated quarterly.
- Real government spending growth averaged 0.8% per year from 2010-2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in Sweden, which represents spending by the public sector on goods and services. It is a key component of Sweden's GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size and role of the government sector in the Swedish economy, which is important for evaluating fiscal policy and the public sector's contribution to economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the Swedish statistical agency using national accounts methodology.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess the fiscal policy stance and the relative size of the public sector in Sweden's economic activity.
Q: Are there update delays or limitations?
A: The series dates back to 1980 and is updated quarterly, with minimal delays.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Sweden (NAEXKP03SEQ652S), retrieved from FRED.