National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Sweden
SWEIMPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
773,542,000,000.00
Year-over-Year Change
60.80%
Date Range
1/1/1993 - 7/1/2023
Summary
This economic trend measures the current price value of imports of goods and services for Sweden, excluding them from the country's gross domestic product (GDP) calculation.
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
Imports represent economic activity that occurs outside of Sweden, so they are subtracted from GDP to better reflect domestic economic performance. This metric is an important component of Sweden's national accounts and GDP by expenditure.
Methodology
The data is collected and calculated by Sweden's national statistical agency.
Historical Context
Policymakers and analysts use this import data to evaluate Sweden's trade balance and international economic integration.
Key Facts
- Sweden is a highly trade-dependent economy.
- Imports accounted for 41% of Sweden's GDP in 2021.
- Import volumes have grown steadily in Sweden over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the current price value of imports of goods and services for Sweden, which are excluded from the country's GDP calculation.
Q: Why is this trend relevant for users or analysts?
A: Imports represent economic activity outside of Sweden, so subtracting them from GDP provides a more accurate reflection of domestic economic performance and trade balance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Sweden's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this import data to evaluate Sweden's trade balance and international economic integration.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of Sweden's national accounts.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Sweden (SWEIMPORTQDSMEI), retrieved from FRED.