National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Sweden
Growth rate same period previous year, Annual
SWEGDPRAPSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.01
Year-over-Year Change
-343.44%
Date Range
1/1/1961 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' metric measures the year-over-year change in Sweden's real gross domestic product (GDP). This provides insight into the overall health and growth trajectory 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
This economic indicator tracks the annual percentage change in Sweden's real GDP, adjusted for inflation. It is a widely watched measure of macroeconomic performance, as GDP growth is a key signal of economic expansion or contraction.
Methodology
The data is calculated from Sweden's official GDP statistics, collected and published by the Swedish national statistics office.
Historical Context
Policymakers and analysts use this annual GDP growth rate to assess Sweden's economic performance and inform economic and fiscal policies.
Key Facts
- Sweden's GDP grew 5.0% in 2021 compared to 2020.
- The fastest GDP growth rate in Sweden over the past decade was 5.2% in 2010.
- GDP growth slowed to 2.1% in 2019 before the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric measures the year-over-year percentage change in Sweden's real gross domestic product (GDP), adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a key indicator of a country's overall economic performance and health, so this annual metric is closely watched by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated from Sweden's official GDP statistics, collected and published by the national statistics office.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this GDP growth rate to assess the state of the Swedish economy and inform decisions on monetary, fiscal, and other economic policies.
Q: Are there update delays or limitations?
A: This annual GDP growth rate data is typically published with a lag of several months, as the underlying GDP figures require time to collect and finalize.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (SWEGDPRAPSMEI), retrieved from FRED.