Total Credit to General Government, Adjusted for Breaks, for Sweden
Billions of Swedish Kronor
QSEGAMXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,147.99
Year-over-Year Change
1.99%
Date Range
1/1/1996 - 10/1/2024
Summary
The 'Billions of Swedish Kronor' trend measures the gross domestic product (GDP) of Sweden, one of the largest economies in Europe. This key economic indicator is closely watched by policymakers and analysts to gauge the overall health and growth of 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
The 'Billions of Swedish Kronor' data series represents the total monetary value of all goods and services produced within Sweden over a given time period, typically a quarter or a year. GDP is a widely used metric for evaluating a country's economic performance and is a critical input for economic policy decisions.
Methodology
The data is collected and calculated by Statistics Sweden, the government agency responsible for official statistics.
Historical Context
The Swedish GDP data is closely monitored by the Riksbank, Sweden's central bank, to inform monetary policy and economic management.
Key Facts
- Sweden is the largest Nordic economy.
- GDP growth is a key indicator of economic health.
- The Riksbank uses GDP data to set monetary policy.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Swedish Kronor' trend measures the gross domestic product (GDP) of Sweden, which represents the total value of all goods and services produced within the country.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial metric for evaluating the overall performance and growth of the Swedish economy, making this data highly relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Sweden, the government agency responsible for official statistics in the country.
Q: How is this trend used in economic policy?
A: The Swedish GDP data is closely monitored by the Riksbank, Sweden's central bank, to inform monetary policy decisions and overall economic management.
Q: Are there update delays or limitations?
A: The GDP data is typically released on a quarterly basis, with some potential for minor delays in the publication of the latest figures.
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Citation
U.S. Federal Reserve, Billions of Swedish Kronor (QSEGAMXDCA), retrieved from FRED.