Balance of Payments: Goods: Expenditure for Sweden
SWEB6DBTD01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
502,413,000,000.00
Year-over-Year Change
13.79%
Date Range
1/1/1982 - 10/1/2024
Summary
The Balance of Payments: Goods: Expenditure for Sweden measures the total value of goods imported and exported by Sweden. This key economic indicator provides insights into Sweden's international trade 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 Balance of Payments: Goods: Expenditure for Sweden tracks the net flow of goods across Sweden's borders, providing a comprehensive view of the country's trade balance. It is a crucial metric used by economists and policymakers to assess Sweden's external economic position and competitiveness.
Methodology
The data is collected and calculated by the Swedish Central Bank based on customs records and surveys.
Historical Context
This economic trend is closely monitored by analysts, investors, and policymakers to gauge Sweden's economic health and inform trade, fiscal, and monetary policies.
Key Facts
- Sweden is a major exporter of machinery, vehicles, and pharmaceuticals.
- The trade balance is a key component of Sweden's current account.
- Exports account for over 50% of Sweden's GDP.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Goods: Expenditure for Sweden measures the total value of goods imported and exported by Sweden, providing insights into the country's international trade.
Q: Why is this trend relevant for users or analysts?
A: This trend is a crucial indicator of Sweden's economic performance and competitiveness, and is closely monitored by economists, policymakers, and investors to inform trade, fiscal, and monetary policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Swedish Central Bank based on customs records and surveys.
Q: How is this trend used in economic policy?
A: The Balance of Payments: Goods: Expenditure for Sweden is used by analysts, investors, and policymakers to gauge Sweden's economic health and inform trade, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical delay of 2-3 months.
Related Trends
Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Sweden
LRUN55MASEQ156S
International Merchandise Trade Statistics: Imports: Commodities for Sweden
XTIMVA01SEM664N
Infra-Annual Labor Statistics: Employment Female: From 55 to 64 Years for Sweden
LFEM55FESEA647N
Leading Indicators OECD: Component series: CS - Confidence indicator: Original series for Sweden
SWELOCOCIORSTSAM
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for Sweden
SWELORSGPTDSTSAM
Production: Energy: Production and Distribution of Electricity, Gas, Steam, and Air Conditioning: Total for Sweden
SWEPREND401IXEBM
Citation
U.S. Federal Reserve, Balance of Payments: Goods: Expenditure for Sweden (SWEB6DBTD01NCCUQ), retrieved from FRED.