National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Sweden
Swedish Krona, Quarterly
NAEXKP06SEQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
818,409,000,000.00
Year-over-Year Change
22.82%
Date Range
1/1/1993 - 7/1/2023
Summary
This economic trend measures the quarterly exchange rate of the Swedish krona against the U.S. dollar. It is an important indicator for monitoring Sweden's international trade and economic performance.
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 (SEK) is the official currency of Sweden. The NAEXKP06SEQ652S series tracks the value of the krona relative to the U.S. dollar on a quarterly basis, providing insights into Sweden's international competitiveness and trade dynamics.
Methodology
This data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Policymakers and analysts use this trend to assess Sweden's economic health and make informed decisions regarding trade, investment, and monetary policy.
Key Facts
- The Swedish krona is one of the most traded currencies in the world.
- Sweden is a major exporter of machinery, vehicles, and telecommunications equipment.
- The value of the krona can impact Sweden's competitiveness in global markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly exchange rate of the Swedish krona against the U.S. dollar, providing insights into Sweden's international trade and economic performance.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for users and analysts as it helps assess Sweden's economic health, competitiveness, and trade dynamics, which can inform policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor Sweden's international competitiveness and make informed decisions regarding trade, investment, and monetary policy.
Q: Are there update delays or limitations?
A: The data is provided on a quarterly basis, with potential delays in the most recent quarter's information.
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Citation
U.S. Federal Reserve, Swedish Krona, Quarterly (NAEXKP06SEQ652S), retrieved from FRED.