Purchasing Power Parity over GDP for Sweden
PPPTTLSEA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.91
Year-over-Year Change
-4.10%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Purchasing Power Parity over GDP for Sweden' trend measures the purchasing power of the Swedish krona relative to the U.S. dollar, providing insights into the real value of Sweden's economic output.
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 metric compares price levels between countries, adjusting for exchange rate differences to give a more accurate representation of living standards and international competitiveness. It is used by economists and policymakers to evaluate a country's standard of living and international trade position.
Methodology
The data is calculated by the World Bank using price surveys and national accounts statistics.
Historical Context
Purchasing power parity is an important consideration for international economic and trade policy decisions.
Key Facts
- Sweden's purchasing power parity was 1.31 in 2021.
- This means Swedish prices were 31% higher than the U.S. on average.
- Purchasing power parity is used to compare living standards across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) of the Swedish krona relative to the U.S. dollar. PPP compares price levels between countries to give a more accurate representation of living standards and international competitiveness.
Q: Why is this trend relevant for users or analysts?
A: Purchasing power parity is an important economic indicator used by analysts and policymakers to evaluate a country's standard of living and international trade position. It provides insights into the real value of a country's economic output beyond just exchange rates.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts statistics.
Q: How is this trend used in economic policy?
A: Purchasing power parity is an important consideration for international economic and trade policy decisions, as it provides a more accurate assessment of living standards and international competitiveness than exchange rates alone.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the latest data due to the time required for price surveys and national accounts compilation.
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Citation
U.S. Federal Reserve, Purchasing Power Parity over GDP for Sweden (PPPTTLSEA618NUPN), retrieved from FRED.