Leading Indicators OECD: Reference Series: Gross Domestic Product: Original Series for Sweden
LORSGPORSEQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.43
Year-over-Year Change
5.67%
Date Range
1/1/1960 - 7/1/2022
Summary
The Leading Indicators OECD: Reference Series: Gross Domestic Product: Original Series for Sweden tracks changes in Sweden's overall economic activity, providing an early signal of the economic cycle.
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
This index is part of the OECD's system of composite leading indicators, which are designed to anticipate turning points in economic activity. The GDP original series serves as the reference indicator for Sweden, helping policymakers and analysts assess the state of the Swedish economy.
Methodology
The data is collected and calculated by the OECD using a standardized methodology across member countries.
Historical Context
Economists and policymakers use this index to monitor Sweden's macroeconomic performance and guide economic decision-making.
Key Facts
- The index is based on the original GDP series for Sweden.
- It provides an early signal of turning points in Sweden's economic cycle.
- The OECD's composite leading indicators are used by policymakers worldwide.
FAQs
Q: What does this economic trend measure?
A: This index tracks changes in Sweden's overall economic activity, serving as a reference indicator for the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: The Leading Indicators OECD provides an early signal of turning points in Sweden's economic cycle, helping policymakers and analysts assess the state of the Swedish economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using a standardized methodology across member countries.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to monitor Sweden's macroeconomic performance and guide economic decision-making.
Q: Are there update delays or limitations?
A: The data is provided by the OECD, and any update delays or limitations would be subject to their reporting schedule and methodological considerations.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Reference Series: Gross Domestic Product: Original Series for Sweden (LORSGPORSEQ661S), retrieved from FRED.