National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Sweden
NAEXKP07SEQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
733,314,000,000.00
Year-over-Year Change
20.81%
Date Range
1/1/1993 - 7/1/2023
Summary
This economic trend measures the volume of imports of goods and services in Sweden, adjusted for inflation. It is a key component of Sweden's Gross Domestic Product (GDP) calculation and provides insights into the country's trade balance and economic 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
The 'Imports of Goods and Services' trend represents the volume of imported products and services in Sweden, with the values adjusted for price changes over time. This metric is an important indicator of Sweden's international trade activity and the country's participation in global supply chains.
Methodology
The data is collected and calculated by Sweden's national statistical agency based on surveys and administrative sources.
Historical Context
Policymakers and economists use this trend to assess Sweden's economic health and trade dynamics.
Key Facts
- Imports account for approximately 40% of Sweden's GDP.
- Sweden has a large trade surplus, with exports exceeding imports.
- The imports trend closely correlates with Sweden's business cycle.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of goods and services imported into Sweden, adjusted for inflation. It is a key component of Sweden's Gross Domestic Product (GDP) calculation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Sweden's trade balance and economic performance, as imports are a significant part of the country's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Sweden's national statistical agency based on surveys and administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Sweden's economic health and trade dynamics, which can inform decisions on trade agreements, exchange rate policies, and other economic policies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of a few months, and there may be revisions to historical data as more information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Sweden (NAEXKP07SEQ652S), retrieved from FRED.