National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Sweden
SWEGDPNADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,984,786,000,000.00
Year-over-Year Change
67.47%
Date Range
1/1/1993 - 1/1/2022
Summary
The Gross Domestic Product (GDP) by Expenditure: Current Prices: Total for Sweden measures the total value of all goods and services produced within Sweden's 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
This GDP metric provides a comprehensive overview of Sweden's economic performance, tracking the total market value of all final goods and services produced domestically. It is a widely-used indicator for evaluating a country's overall economic health and growth.
Methodology
The data is collected by Sweden's national statistical agency through surveys, administrative records, and other primary sources.
Historical Context
GDP data is crucial for policymakers and economists to assess macroeconomic conditions and guide economic policies.
Key Facts
- Sweden's GDP reached a record high of 5.2 trillion SEK in 2021.
- GDP growth in Sweden averaged 2.4% annually from 2010-2020.
- Private consumption accounts for over 45% of Sweden's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total market value of all final goods and services produced within Sweden's economy over a given time period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of a country's economic performance and is widely used by policymakers, economists, and analysts to assess macroeconomic conditions and guide economic policies.
Q: How is this data collected or calculated?
A: The data is collected by Sweden's national statistical agency through surveys, administrative records, and other primary sources.
Q: How is this trend used in economic policy?
A: GDP data is crucial for policymakers and economists to evaluate a country's overall economic health and growth, and to inform decisions on fiscal, monetary, and other economic policies.
Q: Are there update delays or limitations?
A: There may be some delays in the release of GDP data, typically 1-2 months after the end of the reporting period. Additionally, GDP figures may be subject to revisions as more complete data becomes available.
Related Trends
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SWECP110000GPM
Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Sweden
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Harmonized Index of Consumer Prices: Jewellery, Clocks and Watches for Sweden
CP1231SEM086NEST
Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Sweden
LFHUTTTTSEM647S
Balance of Payments: Capital Transfers: Balance (Revenue Minus Expenditure) for Sweden
SWEB6CATT02NCCUQ
Bank Z-Score for Sweden
DDSI01SEA645NWDB
Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Sweden (SWEGDPNADSMEI), retrieved from FRED.