Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Sweden
CCRETT02SEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.90
Year-over-Year Change
-19.72%
Date Range
1/1/1970 - 1/1/2024
Summary
The Real Effective Exchange Rate (REER) for Sweden based on unit labor costs measures the competitiveness of Sweden's exports and imports relative to its major trading partners.
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 REER index tracks changes in the value of the Swedish krona against a basket of foreign currencies, adjusting for differences in unit labor costs between Sweden and its trading partners. This provides insight into Sweden's international trade position and overall economic competitiveness.
Methodology
The data is calculated by the Federal Reserve using trade weights and relative unit labor cost data.
Historical Context
Policymakers and economists use the REER to assess Sweden's export performance and international trade outlook.
Key Facts
- The REER index is base-year indexed to 2010 = 100.
- Sweden's REER has fluctuated between 90-110 over the past decade.
- The REER provides insight into Sweden's trade balance and export performance.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate (REER) for Sweden measures the competitiveness of Sweden's exports and imports relative to its major trading partners.
Q: Why is this trend relevant for users or analysts?
A: The REER provides insight into Sweden's trade balance, export performance, and overall economic competitiveness on the global stage.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using trade weights and relative unit labor cost data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the REER to assess Sweden's international trade outlook and competitiveness, which informs economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The REER data is published regularly by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Sweden (CCRETT02SEA661N), retrieved from FRED.