National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Sweden
Annual
SWEGFCEADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,485,304,000,000.00
Year-over-Year Change
66.04%
Date Range
1/1/1993 - 1/1/2022
Summary
The Annual trend measures the annual growth rate of household final consumption expenditure (HFCE) in Sweden. This metric is a key indicator of consumer demand and economic activity.
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
HFCE is a measure of private consumption in an economy, encompassing expenditures by households on goods and services. The annual growth rate provides insight into the trajectory of consumer spending, which is a crucial driver of overall economic performance.
Methodology
The data is collected and calculated by Sweden's statistical agency, Statistics Sweden.
Historical Context
Policymakers and analysts use this indicator to assess the health and direction of the Swedish economy.
Key Facts
- Sweden's HFCE grew by 5.2% in 2021.
- Consumption expenditure makes up over 45% of Sweden's GDP.
- The annual growth rate has averaged 2.3% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year growth rate of household final consumption expenditure (HFCE) in Sweden.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the strength of consumer demand, which is a key driver of overall economic activity in Sweden.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Sweden's national statistical agency, Statistics Sweden.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and direction of the Swedish economy, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (SWEGFCEADSMEI), retrieved from FRED.