Total Credit to Non-Financial Sector, Adjusted for Breaks, for Sweden
Billions of Swedish Kronor
QSECAMXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,071.32
Year-over-Year Change
7.33%
Date Range
1/1/1996 - 10/1/2024
Summary
This economic indicator measures the value of Sweden's foreign exchange holdings in billions of Swedish kronor. It's a key metric for understanding Sweden's international financial position and monetary policy.
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 Billions of Swedish Kronor trend represents the total amount of foreign currencies and other international assets held by the Swedish central bank and government. This data is used by economists and policymakers to analyze Sweden's exchange rate management, reserve adequacy, and global financial integration.
Methodology
The data is collected and reported by the Swedish central bank through its official accounts and balance sheet.
Historical Context
Analysts and investors monitor this indicator to gauge Sweden's financial stability, trade competitiveness, and ability to withstand external shocks.
Key Facts
- Sweden is one of the world's largest holders of foreign exchange reserves.
- The Billions of Swedish Kronor trend has steadily increased over the past decade.
- Foreign exchange reserves are a key component of Sweden's overall macroeconomic policy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of foreign currencies and other international assets held by the Swedish central bank and government, denominated in billions of Swedish kronor.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and investors to assess Sweden's exchange rate management, financial stability, and global economic integration.
Q: How is this data collected or calculated?
A: The data is reported by the Swedish central bank based on its official accounts and balance sheet.
Q: How is this trend used in economic policy?
A: Analysts and institutions use this indicator to evaluate Sweden's capacity to intervene in currency markets, maintain economic competitiveness, and withstand external financial shocks.
Q: Are there update delays or limitations?
A: The data is published with a short lag and is considered a reliable real-time indicator of Sweden's international financial position.
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Citation
U.S. Federal Reserve, Billions of Swedish Kronor (QSECAMXDCA), retrieved from FRED.