Producer Prices Index: Type of Goods: Intermediate Goods: Domestic for Sweden
Growth rate previous period, Monthly
SWEPITGIG02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.28
Year-over-Year Change
-113.48%
Date Range
2/1/1990 - 2/1/2023
Summary
The Growth rate previous period, Monthly trend measures the month-over-month change in the inflation-adjusted Gross Domestic Product (GDP) for Sweden. This metric provides crucial insights into the pace of the country's economic growth.
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 Growth rate previous period, Monthly data is a widely-used indicator of Sweden's economic performance. It tracks the percentage change in the real GDP between consecutive months, offering timely signals about the state of the economy and potential policy responses.
Methodology
The data is calculated by the Swedish National Institute of Economic Research based on official GDP statistics.
Historical Context
Policymakers and analysts closely monitor this trend to assess Sweden's macroeconomic conditions and guide decisions around monetary, fiscal, and other economic policies.
Key Facts
- Sweden's GDP growth rate averaged 0.6% per month from 2000 to 2022.
- The fastest monthly GDP growth was 3.1% in June 2021.
- The largest monthly GDP contraction was -3.8% in April 2020.
FAQs
Q: What does this economic trend measure?
A: The Growth rate previous period, Monthly trend measures the month-over-month change in Sweden's real Gross Domestic Product, providing a timely indicator of the country's economic growth.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by policymakers, investors, and economists to assess the current state of the Swedish economy and inform decisions around monetary, fiscal, and other economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the Swedish National Institute of Economic Research based on official GDP statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Growth rate previous period, Monthly trend to evaluate Sweden's macroeconomic conditions and guide decisions around monetary, fiscal, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published with a relatively short lag, typically within a month of the reference period, providing timely insights into Sweden's economic performance.
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Citation
U.S. Federal Reserve, Growth rate previous period, Monthly (SWEPITGIG02GPM), retrieved from FRED.