Nominal Total Credit to General Government, Adjusted for Breaks, for Sweden
Billions of Swedish Kronor
QSEGANXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,158.99
Year-over-Year Change
7.05%
Date Range
1/1/1996 - 10/1/2024
Summary
The 'Billions of Swedish Kronor' trend measures Sweden's nominal gross national income (GNI) in billions of Swedish kronor. This provides important insight into the overall size and growth of the Swedish economy.
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
GNI is a key macroeconomic indicator that captures the total domestic and foreign output claimed by a country's residents. Tracking Sweden's GNI in kronor helps economists and policymakers assess the country's economic performance and international competitiveness.
Methodology
The data is collected through surveys and calculations by Statistics Sweden, the government statistical agency.
Historical Context
GNI figures are used to inform economic policy decisions and provide context for Sweden's economic standing globally.
Key Facts
- Sweden's GNI reached a record high of 5,013 billion kronor in 2021.
- GNI per capita in Sweden was 476,000 kronor in 2021, one of the highest in the world.
- Sweden's GNI has grown by an average of 2.7% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Swedish Kronor' trend measures Sweden's nominal gross national income (GNI) in billions of Swedish kronor.
Q: Why is this trend relevant for users or analysts?
A: GNI is a key macroeconomic indicator that provides insight into the overall size and growth of the Swedish economy, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and calculations by Statistics Sweden, the government statistical agency.
Q: How is this trend used in economic policy?
A: GNI figures are used to inform economic policy decisions and provide context for Sweden's economic standing globally.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, Billions of Swedish Kronor (QSEGANXDCA), retrieved from FRED.