Expenditure-side Real GDP at Chained Purchasing Power Parities for Sweden
RGDPESSEA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
560,960.50
Year-over-Year Change
30.74%
Date Range
1/1/1950 - 1/1/2019
Summary
This metric measures the real gross domestic product (GDP) of Sweden, adjusted for purchasing power parity. It provides a comprehensive view of the country's economic output and is a key indicator for analysts and policymakers.
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
Expenditure-side real GDP at chained purchasing power parities (PPPs) is a measure of a country's economic activity that adjusts for differences in price levels across countries. It enables cross-country comparisons of economic output that are more meaningful than using exchange rates.
Methodology
The data is calculated by the OECD using expenditure-side national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists, investors, and policymakers to assess Sweden's economic performance and competitiveness.
Key Facts
- Sweden's real GDP at PPP was $590 billion in 2021.
- The PPP-adjusted GDP per capita for Sweden was $57,500 in 2021.
- Sweden's economy grew by 4.9% in 2021 after contracting 2.9% in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric measures the real gross domestic product (GDP) of Sweden, adjusted for differences in purchasing power across countries. It provides a more accurate comparison of economic output than using exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of Sweden's economic performance and competitiveness. It allows for meaningful cross-country comparisons and is widely used by economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using expenditure-side national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and international organizations to assess Sweden's economic conditions, competitiveness, and progress relative to other countries.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it relies on national accounts and PPP calculations by statistical agencies.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Sweden (RGDPESSEA666NRUG), retrieved from FRED.