Consumer Price Index: Transport (COICOP 07): Total for Sweden
Quarterly
SWECP070000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.85
Year-over-Year Change
-35.18%
Date Range
4/1/1980 - 7/1/2023
Summary
The Quarterly Series measures the seasonally adjusted gross product of the Swedish economy on a quarterly basis. It is a key indicator of overall economic activity and 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 Quarterly Series represents the total value of goods and services produced in Sweden during a given quarter, adjusted for seasonal variations. It is used by economists and policymakers to analyze trends in economic growth, monitor the business cycle, and inform decision-making.
Methodology
The data is collected and calculated by Statistics Sweden, the government agency responsible for official statistics.
Historical Context
The Quarterly Series is a critical statistic referenced by the Swedish central bank, government, and international economic organizations.
Key Facts
- Sweden's Quarterly GDP reached a record high of 1.5 trillion SEK in Q4 2021.
- The Quarterly Series showed a 1.8% contraction in Q1 2020 due to the COVID-19 pandemic.
- Sweden's economy grew by 4.9% in 2021 according to the Quarterly GDP data.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Series measures the total value of goods and services produced in Sweden on a seasonally adjusted quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly Series is a critical indicator of overall economic performance and a key input for economic analysis and policymaking.
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 Sweden.
Q: How is this trend used in economic policy?
A: The Quarterly Series is referenced by the Swedish central bank, government, and international economic organizations to monitor the business cycle and inform policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly Series is published with a lag of approximately 2 months after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Quarterly (SWECP070000GPQ), retrieved from FRED.