Gross Domestic Product for Sweden
MKTGDPSEA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
610,117,791,237.09
Year-over-Year Change
10.98%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross Domestic Product (GDP) for Sweden measures the total value of all goods and services produced within the country. It is a key indicator of economic health and performance.
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
GDP represents the broadest measure of national economic activity and is widely used by economists, policymakers, and market analysts to assess Sweden's economic conditions and growth trends.
Methodology
GDP data is collected and calculated by Sweden's national statistical agency based on surveys, administrative records, and other sources.
Historical Context
Sweden's GDP data is closely monitored for insights into monetary and fiscal policy decisions.
Key Facts
- Sweden's GDP reached over $555 billion in 2021.
- GDP per capita in Sweden was approximately $54,000 in 2021.
- Sweden's economy grew by 4.9% in 2021 following the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Sweden measures the total value of all goods and services produced within the country during a given period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of a country's economic performance and is closely watched by policymakers, economists, and investors to assess Sweden's economic conditions and growth.
Q: How is this data collected or calculated?
A: Sweden's GDP data is collected and calculated by the country's national statistical agency using surveys, administrative records, and other sources.
Q: How is this trend used in economic policy?
A: Sweden's GDP data is an important input for the country's monetary and fiscal policy decisions, as it provides insights into the overall health and direction of the Swedish economy.
Q: Are there update delays or limitations?
A: GDP data is typically released on a quarterly basis with a slight delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product for Sweden (MKTGDPSEA646NWDB), retrieved from FRED.