Markets Actual Q3 Q4 Q1 Q2 2020
Currency 9.31 9.35 9.41 9.47 9.54 9.67
Stock Market (points) 1577.41 1603 1584 1565 1546 1509
Government Bond 10Y (%) 0.04 0.03 0.03 0.03 0.04 0.05
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.3 0.4 0.4 0.5 0.5
GDP Annual Growth Rate (%) 2.10 1.6 1 1.2 1.4 2
Unemployment Rate (%) 6.80 6 6.3 6.5 6.7 6.5
Inflation Rate (%) 1.80 1.7 2.3 2.2 2.4 2.6
Interest Rate (%) -0.25 -0.25 -0.25 -0.25 0 0.25
Balance of Trade (SEK million) 8300.00 -600 -5100 2100 2100 -4000
Current Account (SEK Billion) 62.70 40.2 36.6 21 15 30
Current Account to GDP (%) 2.00 2.5 2.5 2.7 2.7 2.7
Government Debt to GDP (%) 38.80 34 34 32 32 32
Government Budget (% of GDP) 0.90 0.6 0.6 0.4 0.4 0.4
Business Confidence (Index Points) 100.20 95.1 98.6 99 99.5 101
Manufacturing PMI 52.00 51 51.8 54 53.6 54.5
Services Pmi (Index Points) 49.90 54.4 55.9 56 55.4 54.5
Consumer Confidence (Index Points) 93.80 94 99.1 102 102 105
Retail Sales MoM (%) -2.00 0.4 0.2 0.8 -0.4 0.4
Corporate Tax Rate (%) 21.40 22 22 22 21.4 22
Personal Income Tax Rate (%) 61.85 61.85 61.85 61.85 61.85 61.85
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.3 0.4 0.4 0.5 0.5
GDP Annual Growth Rate (%) 2.10 1.6 1 1.2 1.4 2
GDP (USD Billion) 551.03 575 575 600 600 600
GDP Constant Prices (SEK Million) 1217244.00 1186684 1199172 1201540 1197988 1219558
Gross National Product (SEK Million) 1249945.00 1201183 1309968 1312554 1308675 1332238
Gross Fixed Capital Formation (SEK Million) 307037.00 300230 294997 295579 294706 300012
GDP per capita (USD) 57232.10 57500 57500 58000 58000 58000
GDP per capita PPP (USD) 47193.60 47600 47600 48400 48400 48400
GDP From Agriculture (SEK Million) 12664.00 11716 11676 11699 11664 11874
GDP From Construction (SEK Million) 71705.00 68124 68428 68563 68361 69591
GDP From Manufacturing (SEK Million) 168464.00 161077 163896 164220 163735 166683
GDP From Mining (SEK Million) 5183.00 5237 5178 5189 5173 5266
GDP From Public Administration (SEK Million) 218108.00 210021 211728 212146 211519 215328
GDP From Services (SEK Million) 557641.00 551097 557629 558730 557079 567109
GDP From Transport (SEK Million) 44008.00 43613 43685 43771 43641 44427
GDP From Utilities (SEK Million) 32595.00 28576 29357 29415 29328 29856
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 6.80 6 6.3 6.5 6.7 6.5
Wages (SEK/Hour) 175.70 176 180 180 177 185
Wages in Manufacturing (SEK/Hour) 187.70 188 191 191 189 197
Population (Million) 10.12 10.21 10.24 10.36 10.36 10.36
Retirement Age Women 61.00 61 61 61 62 62
Retirement Age Men 61.00 61 61 61 62 62
Wage Growth (%) 2.30 2.3 2.4 2.4 2.5 2.8
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.80 1.7 2.3 2.2 2.4 2.6
Consumer Price Index CPI (Index Points) 334.47 337 340 338 339 348
Core Consumer Prices (Index Points) 218.66 221 222 221 221 226
Core Inflation Rate (%) 1.70 1.7 2.1 2 2.1 1.8
Producer Prices (Index Points) 114.50 116 115 117 117 119
Producer Prices Change (%) 3.50 2.4 2.2 2.5 2.9 2.8
Food Inflation (%) 3.00 1.9 2 2.2 2.3 2.4
Inflation Expectations (%) 3.40 2.8 2.2 1.9 2.1 2.6
CPI Housing Utilities (Index Points) 410.19 413 419 424 423 430
CPI Transportation (Index Points) 460.33 455 458 454 455 470
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) -0.25 -0.25 -0.25 -0.25 0 0.25
Interbank Rate (%) -0.06 0.01 0.01 0.11 -0.03 0.11
Deposit Interest Rate (%) -1.00 -1 -1 -1 -1 -0.6
Lending Rate (%) 0.50 0.5 0.5 0.6 0.5 0.6
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (SEK million) 8300.00 -600 -5100 2100 2100 -4000
Current Account (SEK Billion) 62.70 40.2 36.6 21 15 30
Current Account to GDP (%) 2.00 2.5 2.5 2.7 2.7 2.7
Imports (SEK million) 128600.00 118100 120200 127800 123400 124500
Exports (SEK million) 136900.00 117500 115100 129900 127800 120500
Foreign Direct Investment (SEK Billion) 63.70 32.4 36.2 29.5 27 37.8
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 38.80 34 34 32 32 32
Government Budget (% of GDP) 0.90 0.6 0.6 0.4 0.4 0.4
Government Spending (SEK Million) 315942.00 306734 308260 308869 307956 313500
Government Spending to GDP (%) 49.90 49.8 49.8 49.5 49.5 49.5
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 21.40 22 22 22 21.4 22
Personal Income Tax Rate (%) 61.85 61.85 61.85 61.85 61.85 61.85
Sales Tax Rate (%) 25.00 25 25 25 25 25
Social Security Rate (%) 38.42 38.42 38.42 38.42 38.42 38.42
Social Security Rate For Companies (%) 31.42 31.42 31.42 31.42 31.42 31.42
Social Security Rate For Employees (%) 7.00 7 7 7 7 7
Business Actual Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 100.20 95.1 98.6 99 99.5 101
Manufacturing PMI 52.00 51 51.8 54 53.6 54.5
Services Pmi (Index Points) 49.90 54.4 55.9 56 55.4 54.5
Industrial Production (%) 1.00 2.8 2.5 2.7 3.2 3
Industrial Production Mom (%) -0.70 0.6 0.8 0.3 0.4 0.6
Manufacturing Production (%) 1.00 2.9 2.6 2.8 3 3.2
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 93.80 94 99.1 102 102 105
Retail Sales MoM (%) -2.00 0.4 0.2 0.8 -0.4 0.4
Retail Sales YoY (%) -0.50 1.9 2 2.2 2.4 2.5
Consumer Spending (SEK Million) 528416.00 521530 524438 525474 523920 533354
Gasoline Prices (USD/Liter) 1.64 1.62 1.58 1.54 1.47 1.54
Household Spending (%) -0.90 0.4 0.3 0.9 -0.6 0.5


This page has economic forecasts for Sweden including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Sweden economy.