National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Sweden
Annual
SWEIMPORTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,985,627,000,000.00
Year-over-Year Change
111.14%
Date Range
1/1/1993 - 1/1/2022
Summary
The SWEIMPORTADSMEI series measures Sweden's annual goods imports in billions of Swedish kronor. This key economic indicator provides insights into Sweden's trade balance and economic activity.
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 SWEIMPORTADSMEI series represents Sweden's annual value of imported goods, including both consumer and capital goods. This import data is a crucial component for analyzing Sweden's trade position and overall economic performance.
Methodology
The data is collected by Statistics Sweden through surveys of importers and customs records.
Historical Context
Policymakers and analysts use this import data to assess Sweden's economic health and guide decisions around trade policy.
Key Facts
- Sweden's annual goods imports were 1.73 trillion Swedish kronor in 2020.
- Imports account for approximately 40% of Sweden's GDP.
- Machinery and transportation equipment make up the largest import categories for Sweden.
FAQs
Q: What does this economic trend measure?
A: The SWEIMPORTADSMEI series measures the annual value of goods imported into Sweden, including consumer and capital goods.
Q: Why is this trend relevant for users or analysts?
A: This import data is a key indicator of Sweden's trade balance and overall economic activity, providing insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Sweden through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this import data to assess Sweden's economic health and guide decisions around trade policy.
Q: Are there update delays or limitations?
A: The data is released annually with a short delay, and may not include certain types of informal or unrecorded trade.
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Citation
U.S. Federal Reserve, Annual Goods Imports for Sweden (SWEIMPORTADSMEI), retrieved from FRED.