Sweden - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Sweden was 90.20 as of 2021. As the graph below shows, over the past 42 years this indicator reached a maximum value of 147.71 in 1981 and a minimum value of 85.65 in 2019.

Definition: Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1979 143.21
1980 147.57
1981 147.71
1982 133.02
1983 120.49
1984 126.31
1985 129.03
1986 128.21
1987 127.88
1988 131.76
1989 135.46
1990 140.86
1991 146.75
1992 146.70
1993 120.40
1994 118.63
1995 118.42
1996 127.85
1997 120.88
1998 117.04
1999 113.82
2000 111.19
2001 101.91
2002 104.64
2003 111.60
2004 112.18
2005 107.18
2006 106.39
2007 107.77
2008 105.20
2009 94.80
2010 100.00
2011 105.84
2012 105.13
2013 106.41
2014 100.75
2015 93.33
2016 93.89
2017 92.98
2018 89.17
2019 85.65
2020 87.73
2021 90.20

Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution.

Statistical Concept and Methodology: The real effective exchange rate is a nominal effective exchange rate index adjusted for relative movements in national price or cost indicators of the home country, selected countries, and the euro area. A nominal effective exchange rate index is the ratio (expressed on the base 2010 = 100) of an index of a currency's period-average exchange rate to a weighted geometric average of exchange rates for currencies of selected countries and the euro area. For most high-income countries weights are derived from industrial country trade in manufactured goods. Data are compiled from the nominal effective exchange rate index and a cost indicator of relative normalized unit labor costs in manufacturing. For selected other countries the nominal effective exchange rate index is based on manufactured goods and primary products trade with partner or competitor countries. For these countries the real effective exchange rate index is the nominal index adjusted for relative changes in consumer prices; an increase represents an appreciation of the local currency.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices