Markets Actual Q3 Q4 Q1 Q2 2022
Currency 8.70 8.74 8.8 8.86 8.93 9.06
Stock Market (points) 2272.46 2266 2211 2156 2103 2001
Government Bond 10Y (%) 0.27 0.34 0.38 0.41 0.46 0.55

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.90 2 1.4 0.9 0.7 0.5
GDP Annual Growth Rate (%) 9.70 4.5 4.9 4.5 3.8 2.4
Unemployment Rate (%) 8.00 8 8.5 8.4 8.3 7.7
Inflation Rate (%) 2.10 1.8 1.9 1.7 2 1.4
Inflation Rate Mom (%) 0.50 0.4 0.3 0.3 0.4 0.3
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (SEK million) 7100.00 900 -4000 1200 4200 -2000
Current Account (SEK Billion) 80.30 66.7 51 62 42 45
Current Account to GDP (% of GDP) 5.20 6 6 6.5 6.5 6.5
Government Debt to GDP (% of GDP) 39.90 40.8 40.8 39 39 39
Government Budget (% of GDP) -3.10 -3.3 -3.3 -0.6 -0.6 -0.6
Business Confidence (points) 118.70 118 109 105 108 111
Manufacturing PMI (points) 60.10 59.1 54 54.8 53.4 54.1
Services PMI (points) 64.70 63.4 57 57 55.7 55.1
Consumer Confidence (points) 108.60 108 107 106 108 110
Retail Sales MoM (%) -1.20 -1.2 0.4 0.7 0.4 0.5
Corporate Tax Rate (%) 20.60 20.6 22 20.6 20.6 20.6
Personal Income Tax Rate (%) 52.90 52.9 61.85 52.9 52.9 52.9

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.90 2 1.4 0.9 0.7 0.5
GDP Annual Growth Rate (%) 9.70 4.5 4.9 4.5 3.8 2.4
GDP (USD Billion) 537.61 510 510 550 550 550
GDP Constant Prices (SEK Million) 1286979.00 1320252 1327363 1333086 1335884 1359219
Gross National Product (SEK Million) 1398215.00 1296953 1416940 1359537 1451347 1450946
Gross Fixed Capital Formation (SEK Million) 325675.00 324293 326610 327977 338051 334449
GDP per capita (USD) 56068.26 58100 58100 60590 60590 60590
GDP per capita PPP (USD) 50683.32 53200 53200 54480 54480 54480
GDP From Agriculture (SEK Million) 16937.00 18012 17553 17444 17581 17974
GDP From Construction (SEK Million) 74877.00 77698 76968 76827 77722 78816
GDP From Manufacturing (SEK Million) 161441.00 167925 169398 169773 167576 173463
GDP From Mining (SEK Million) 8200.00 8768 8716 8636 8512 8925
GDP From Public Administration (SEK Million) 236098.00 239079 242162 244730 245070 247974
GDP From Services (SEK Million) 599895.00 615928 616417 621405 622691 631211
GDP From Transport (SEK Million) 43746.00 41698 43343 44889 45408 44383
GDP From Utilities (SEK Million) 29540.00 31522 30663 31396 30663 31399

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 8.00 8 8.5 8.4 8.3 7.7
Long Term Unemployment Rate (%) 1.90 1.6 1.8 1.7 1.6 1.5
Labour Costs (points) 142.10 142 144 144 145 148
Wages (SEK/Hour) 184.10 181 188 186 188 192
Wages in Manufacturing (SEK/Hour) 196.00 191 199 197 200 204
Population (Million) 10.33 10.41 10.41 10.49 10.49 10.49
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 62.00 62 62 62 62 62
Wage Growth (%) 2.20 2.5 2.7 2.4 2.2 2.4

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 2.10 1.8 1.9 1.7 2 1.4
Inflation Rate Mom (%) 0.50 0.4 0.3 0.3 0.4 0.3
Consumer Price Index CPI (points) 343.99 343 346 345 348 351
Core Consumer Prices (points) 225.53 224 226 227 227 230
Core Inflation Rate (%) 2.40 1.4 1.9 1.9 1.6 1.7
Producer Prices (points) 123.80 115 117 121 125 120
Producer Prices Change (%) 13.50 5.6 4.9 5 3.8 2.9
Food Inflation (%) 0.30 0.2 1 1.5 1.4 1.7
Inflation Expectations (%) 4.40 4 2.8 2.5 2.6 2.2
CPI Housing Utilities (points) 432.95 426 427 430 433 433
CPI Transportation (points) 492.88 469 478 485 496 485

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.02 -0.02 -0.02 -0.02 -0.02 -0.02
Deposit Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 -0.1
Lending Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Loan Growth (%) 6.30 5.8 5.4 5.1 4.8 4.2

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (SEK million) 7100.00 900 -4000 1200 4200 -2000
Current Account (SEK Billion) 80.30 66.7 51 62 42 45
Current Account to GDP (% of GDP) 5.20 6 6 6.5 6.5 6.5
Imports (SEK million) 119400.00 128900 124300 147300 124900 134500
Exports (SEK million) 126500.00 129800 125500 148500 129100 132500
Foreign Direct Investment (SEK Billion) 80.70 25.9 26 45 42 32.2

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 39.90 40.8 40.8 39 39 39
Government Budget (% of GDP) -3.10 -3.3 -3.3 -0.6 -0.6 -0.6
Government Budget Value (SEK Million) 8124.00 5200 -109050 13850 -25400 -98000
Government Spending (SEK Million) 341045.00 346739 351270 353549 354005 359701
Government Spending to GDP (% of GDP) 52.90 53 53 53 51 51
Government Revenues (SEK Million) 97640.00 84200 65950 96350 66200 68000
Fiscal Expenditure (SEK Million) 89515.00 79000 175000 82500 91600 166000

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 20.60 20.6 22 20.6 20.6 20.6
Personal Income Tax Rate (%) 52.90 52.9 61.85 52.9 52.9 52.9
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 2022
Business Confidence (points) 118.70 118 109 105 108 111
Manufacturing PMI (points) 60.10 59.1 54 54.8 53.4 54.1
Services PMI (points) 64.70 63.4 57 57 55.7 55.1
Industrial Production (%) 13.30 6.8 4.5 5.2 4.1 3.6
Industrial Production Mom (%) 1.20 -0.7 0.6 0.7 0.5 0.7
Manufacturing Production (%) 15.20 6.5 4.8 5.1 4.4 3.4
Business Inventories (SEK Million) -6164.70 4600 -6200 4500 1500 -3200

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 108.60 108 107 106 108 110
Retail Sales MoM (%) -1.20 -1.2 0.4 0.7 0.4 0.5
Retail Sales YoY (%) 5.40 6.5 4.2 4.6 5 3.8
Consumer Spending (SEK Million) 563654.00 580406 580696 583069 585073 594633
Disposable Personal Income (SEK Million) 692195.00 603590 626566 634394 718498 641603
Household Spending (%) 0.70 -1.2 0.5 0.7 0.6 0.5
Gasoline Prices (USD/Liter) 1.88 1.79 1.7 1.61 1.53 1.45


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.