Inflation differential

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Inflation differential Table 1. Nominal and real depreciation, and inflation differential against the euro area 1970- 2001 Percent, annual averages Period Nominal depreciation Inflation differential (Sweden – euro area) Real depreciation 1970 – 1982 2,60 0,75 1,84 1983 – 1992 1,50 2,52 -1,02 1993 – 2001 1,88 -0,56 2,45 Whole period 2,05 0,94 1,11 Remark: Prior to 1999 the SEK/EUR rate is a geometric mean of the nominal exchange rates between the krona and each euro-country currency. The weights are relative TCW weights. Source: Sveriges Riksbank.

Source: Sveriges Riksbank Diagram 1. Real exchange rate and relative GDP against the euro area Index 1992:Q4=100 Source: Sveriges Riksbank

Diagram 2. Terms of trade Percentage change since 1970 Source: Sveriges Riksbank