National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Sweden
SWEGFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
409,063,000,000.00
Year-over-Year Change
22.93%
Date Range
1/1/1993 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Sweden, a key component of the country's gross domestic product (GDP) from the expenditure approach.
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
Government final consumption expenditure represents the value of goods and services produced by the government for individual and collective consumption. This metric is used by economists and policymakers to analyze the role of the public sector in the Swedish economy.
Methodology
The data is collected by Statistics Sweden through surveys and administrative records.
Historical Context
This trend provides insight into Sweden's fiscal policy and the government's role in driving economic activity.
Key Facts
- Sweden's government final consumption expenditure was 25.9% of GDP in 2021.
- This metric has increased from 21.3% of GDP in 2000.
- The public sector accounts for a significant portion of Sweden's economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures government final consumption expenditure in Sweden, which represents the value of goods and services produced by the government for individual and collective consumption.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to analyze the role of the public sector in the Swedish economy and understand the government's influence on economic activity.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Sweden through surveys and administrative records.
Q: How is this trend used in economic policy?
A: This trend provides insight into Sweden's fiscal policy and the government's role in driving economic activity, which is relevant for policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the Swedish national accounts.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Sweden (SWEGFCEQDSMEI), retrieved from FRED.