National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Sweden
Swedish Krona, Annual
NAEXKP04SEA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,618,109,000,000.00
Year-over-Year Change
53.00%
Date Range
1/1/1993 - 1/1/2022
Summary
The Swedish Krona, Annual series measures the annual average exchange rate between the Swedish Krona and the U.S. Dollar. This trend is a key indicator of Sweden's economic performance and international trade dynamics.
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 represents the average annual exchange rate of the Swedish Krona against the U.S. Dollar. It is widely used by economists, policymakers, and investors to analyze Sweden's economic competitiveness, trade balances, and international purchasing power.
Methodology
The data is collected by the U.S. Federal Reserve through daily monitoring of foreign exchange markets.
Historical Context
Changes in the Swedish Krona's exchange rate can impact Sweden's export and import activity, inflation, and monetary policy decisions.
Key Facts
- The Swedish Krona is the official currency of Sweden.
- Sweden is a major exporter of machinery, motor vehicles, and telecommunications equipment.
- The Swedish central bank, the Riksbank, uses the exchange rate as a key policy tool.
FAQs
Q: What does this economic trend measure?
A: The Swedish Krona, Annual series measures the annual average exchange rate between the Swedish Krona and the U.S. Dollar.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Sweden's economic competitiveness, trade dynamics, and the impact of monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through daily monitoring of foreign exchange markets.
Q: How is this trend used in economic policy?
A: Changes in the Swedish Krona's exchange rate can influence Sweden's export and import activity, inflation, and monetary policy decisions by the Riksbank.
Q: Are there update delays or limitations?
A: The data is published with a short delay and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Swedish Krona, Annual (NAEXKP04SEA652S), retrieved from FRED.