Sales: Retail Trade: Total Retail Trade: Value for Sweden
SWESLRTTO02IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.03
Year-over-Year Change
4.98%
Date Range
1/1/1991 - 10/1/2023
Summary
This economic trend measures total retail trade sales in Sweden, an important indicator of consumer spending 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
The Retail Trade: Total Retail Trade: Value for Sweden series tracks the total value of retail sales across all sectors in the Swedish economy. It is a key statistic used to assess the health and direction of consumer demand.
Methodology
The data is collected through surveys of Swedish retail establishments.
Historical Context
Retail sales figures are closely monitored by policymakers and market analysts as a barometer of economic conditions.
Key Facts
- Retail sales account for over 30% of Sweden's GDP.
- Total retail trade has grown by 15% in Sweden over the past 5 years.
- E-commerce now makes up 15% of total retail sales in Sweden.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of retail sales across all sectors of the Swedish economy, providing insight into consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of consumer demand and overall economic health, making this trend important for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Swedish retail establishments.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely monitored by policymakers as a barometer of economic conditions, helping to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 4-6 weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Sweden (SWESLRTTO02IXOBSAM), retrieved from FRED.