Openness at constant prices for Sweden
OPENRPSEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.40
Year-over-Year Change
24.09%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Openness at constant prices for Sweden' series measures the ratio of exports plus imports to GDP, adjusted for inflation, providing insights into Sweden's international trade and economic integration.
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 economic indicator represents Sweden's trade openness, which is a measure of the size of a country's international trade relative to its overall economic activity. It is a widely used metric for evaluating a nation's integration with the global economy.
Methodology
The data is calculated by the OECD based on trade and GDP figures reported by the Swedish government.
Historical Context
Policymakers and analysts use this openness metric to assess Sweden's exposure to international market conditions and the potential impacts of trade policy changes.
Key Facts
- Sweden's trade openness ratio was 91.4% in 2021.
- Trade openness has increased in Sweden over the past two decades.
- Higher trade openness can make a country more vulnerable to global economic shocks.
FAQs
Q: What does this economic trend measure?
A: The 'Openness at constant prices for Sweden' series measures the ratio of Sweden's total exports and imports to its gross domestic product (GDP), adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This openness metric provides insights into Sweden's level of integration with the global economy, which is relevant for policymakers, investors, and economists analyzing the country's economic performance and exposure to international market conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on trade and GDP figures reported by the Swedish government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this openness metric to assess Sweden's exposure to international market conditions and the potential impacts of trade policy changes on the Swedish economy.
Q: Are there update delays or limitations?
A: The data is published by the OECD with a lag, and there may be revisions to historical figures as new information becomes available.
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Citation
U.S. Federal Reserve, Openness at constant prices for Sweden (OPENRPSEA156NUPN), retrieved from FRED.