International Merchandise Trade Statistics: Imports: Commodities for Sweden
Swedish Krona, Annual, Seasonally Adjusted
XTIMVA01SEA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,996,517,000,000.00
Year-over-Year Change
79.28%
Date Range
1/1/1955 - 1/1/2024
Summary
The Swedish Krona, Annual, Seasonally Adjusted series tracks the annual exchange rate between the Swedish Krona and the U.S. Dollar, adjusted for seasonal variations. This metric is closely monitored by economists and policymakers to assess Sweden's economic performance and competitiveness.
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 Swedish Krona, Annual, Seasonally Adjusted series represents the yearly average exchange rate between the Swedish Krona and the U.S. Dollar, with seasonal fluctuations removed. This data point is widely used to evaluate Sweden's trade balance, inflation, and overall economic conditions relative to its major trading partners.
Methodology
The data is calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Policymakers and market analysts use this metric to inform decisions around monetary policy, international trade, and investment strategies.
Key Facts
- The Swedish Krona is the official currency of Sweden.
- Sweden is a major exporter of machinery, motor vehicles, and telecommunications equipment.
- The Krona has experienced fluctuations in value relative to the U.S. Dollar over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Swedish Krona, Annual, Seasonally Adjusted series tracks the yearly average exchange rate between the Swedish Krona and the U.S. Dollar, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Sweden's trade balance, inflation, and overall economic performance relative to its major trading partners, such as the United States.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to inform decisions around monetary policy, international trade, and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated annually by the U.S. Federal Reserve, and there may be slight delays in the most recent data release.
Related Trends
Balance of Payments: Goods: Expenditure for Sweden
SWEB6DBTD01NCCUQ
National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Sweden
SWEEXPORTQDSMEI
Leading Indicators OECD: Leading indicators: CLI: Trend restored for Sweden
SWELOLITOTRGYSAM
Producer Prices Index: Type of goods: Intermediate goods: Total for Sweden
SWEPITGIG01GYM
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 55 to 64 Years for Sweden
LRAC55TTSEQ156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Sweden
SWECP070000IXOBQ
Citation
U.S. Federal Reserve, Swedish Krona, Annual, Seasonally Adjusted (XTIMVA01SEA664S), retrieved from FRED.