Price Level of GDP, average of GEKS-CPDW for Sweden
PL2GDPSEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.58
Year-over-Year Change
5.57%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Sweden measures the relative prices of goods and services in Sweden compared to other countries. It is an important indicator for economists and policymakers analyzing Sweden's economic competitiveness and cost of living.
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 measure represents the price level of Sweden's Gross Domestic Product (GDP) relative to the world average, using the GEKS-CPDW method to aggregate price data. It provides insights into Sweden's purchasing power and cost structures compared to its trading partners.
Methodology
The data is calculated by the OECD using national accounts and price survey information.
Historical Context
This metric is widely used by economists, investors, and policymakers to assess Sweden's economic performance and international trade dynamics.
Key Facts
- Sweden's price level was 102.1% of the world average in 2020.
- The price level has remained relatively stable over the past decade.
- This metric is an important input for analyzing Sweden's cost competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of Sweden's Gross Domestic Product (GDP) relative to the world average, using the GEKS-CPDW method to aggregate price data.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Sweden's purchasing power and cost structures compared to its trading partners, which is crucial for assessing the country's economic competitiveness and cost of living.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, investors, and policymakers to assess Sweden's economic performance and international trade dynamics.
Q: Are there update delays or limitations?
A: The data is updated regularly by the OECD, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Sweden (PL2GDPSEA621NUPN), retrieved from FRED.