National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Sweden
SWEPFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
684,519,000,000.00
Year-over-Year Change
23.01%
Date Range
1/1/1993 - 7/1/2023
Summary
This economic trend measures Sweden's private final consumption expenditure, which represents household spending on goods and services. It is a key indicator of domestic demand and consumer confidence in 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
Private final consumption expenditure is a component of Sweden's gross domestic product (GDP) and reflects the value of goods and services purchased by Swedish households. It is widely used by economists and policymakers to assess the health and trajectory of the Swedish economy.
Methodology
The data is collected and calculated by Sweden's national statistical agency, Statistics Sweden.
Historical Context
This indicator is closely watched by the Swedish central bank and government for insights into consumer spending and overall economic performance.
Key Facts
- Sweden's private consumption expenditure accounts for over 45% of its GDP.
- Household spending grew by 3.2% in 2021 as the Swedish economy rebounded from the COVID-19 pandemic.
- Consumer confidence in Sweden has remained relatively high compared to other European countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services purchased by Swedish households, a key component of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: Private consumption expenditure is a vital indicator of domestic demand and consumer confidence in the Swedish economy, making it closely watched by economists, policymakers, and market analysts.
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: The Swedish central bank and government closely monitor this indicator to assess the health of the domestic economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay by Statistics Sweden, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Sweden (SWEPFCEQDSMEI), retrieved from FRED.