Markets Actual Q2 Q3 Q4 Q1 2022
Currency 8.49 8.67 8.74 8.8 8.87 9
Stock Market (points) 2268.02 2157 2070 1986 1906 1746
Government Bond 10Y (%) 0.35 0.36 0.4 0.44 0.48 0.57

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.80 1.6 1.5 0.9 0.6 0.5
GDP Annual Growth Rate (%) 0.00 8.8 4 4.9 4.5 2.4
Unemployment Rate (%) 9.80 9.2 9 8.8 8.4 7.7
Inflation Rate (%) 1.80 2.4 1.7 1.9 1.5 1
Inflation Rate Mom (%) 0.20 0.3 0.4 0.3 0.3 0.3
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (SEK million) 1800.00 0 -2000 -4000 -4000 -4000
Current Account (SEK Billion) 78.30 21 27 28 28 25
Current Account to GDP (% of GDP) 5.20 6 6 6 6.5 6.5
Government Debt to GDP (% of GDP) 39.90 40.8 40.8 40.8 39 39
Government Budget (% of GDP) -3.10 -3.3 -3.3 -3.3 -0.6 -0.6
Business Confidence (points) 116.20 115 107 109 105 111
Manufacturing PMI (points) 66.40 52 53.7 54 54 52
Services PMI (points) 71.70 52 53.8 55 55 52
Consumer Confidence (points) 112.30 105 101 107 106 110
Retail Sales MoM (%) -1.40 0.5 -1.2 0.4 0.4 0.4
Corporate Tax Rate (%) 20.60 22 21.4 22 22 22
Personal Income Tax Rate (%) 52.90 61.85 57.2 61.85 61.85 61.85

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.80 1.6 1.5 0.9 0.6 0.5
GDP Annual Growth Rate (%) 0.00 8.8 4 4.9 4.5 2.4
GDP (USD Billion) 530.83 510 510 510 510 575
GDP Constant Prices (SEK Million) 1273618.00 1262329 1284199 1292195 1287268 1323208
Gross National Product (SEK Million) 1302981.00 1373145 1280133 1400701 1395360 1434318
Gross Fixed Capital Formation (SEK Million) 308637.00 323042 316646 319577 318358 327247
GDP per capita (USD) 57975.10 58100 58100 58100 58100 60590
GDP per capita PPP (USD) 53205.10 53200 53200 53200 53200 54480
GDP From Agriculture (SEK Million) 16507.00 19048 18168 18169 18099 18605
GDP From Construction (SEK Million) 72525.00 83393 80433 79402 79099 81308
GDP From Manufacturing (SEK Million) 163265.00 138777 171672 171089 170436 175195
GDP From Mining (SEK Million) 8299.00 8810 8440 8391 8359 8592
GDP From Public Administration (SEK Million) 232789.00 236471 229626 232735 231848 238321
GDP From Services (SEK Million) 595240.00 576743 583168 590058 587808 604220
GDP From Transport (SEK Million) 43246.00 36160 37522 39954 39802 40913
GDP From Utilities (SEK Million) 30161.00 33592 32406 31360 31240 32112

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 9.80 9.2 9 8.8 8.4 7.7
Long Term Unemployment Rate (%) 1.20 1.5 1.6 1.8 1.8 1.5
Labour Costs (points) 140.40 141 137 146 146 146
Wages (SEK/Hour) 182.10 185 179 191 191 191
Wages in Manufacturing (SEK/Hour) 191.70 197 191 204 204 204
Population (Million) 10.33 10.41 10.41 10.41 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 1.6 1.8 1.7 1.7 2.2

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 1.80 2.4 1.7 1.9 1.5 1
Inflation Rate Mom (%) 0.20 0.3 0.4 0.3 0.3 0.3
Consumer Price Index CPI (points) 341.04 345 343 346 345 349
Core Consumer Prices (points) 223.46 222 223 230 226 229
Core Inflation Rate (%) 2.10 1 1.3 1.5 1.5 1.6
Producer Prices (points) 117.30 111 113 114 118 116
Producer Prices Change (%) 5.60 1 3.6 2.2 2.2 1.7
Food Inflation (%) -1.00 0.6 1.3 1.9 1.5 2
Inflation Expectations (%) 4.70 2.7 2.2 2.4 2.5 1.9
CPI Housing Utilities (points) 423.46 424 425 427 429 432
CPI Transportation (points) 481.12 474 469 478 484 483

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.04 -0.03 -0.03 -0.03 -0.03 -0.03
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 (%) 5.70 4.6 4.5 4.2 4.2 3.8

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (SEK million) 1800.00 0 -2000 -4000 -4000 -4000
Current Account (SEK Billion) 78.30 21 27 28 28 25
Current Account to GDP (% of GDP) 5.20 6 6 6 6.5 6.5
Imports (SEK million) 129000.00 117900 128900 120300 120300 126500
Exports (SEK million) 130800.00 121900 127800 114500 114500 121500
Foreign Direct Investment (SEK Billion) 80.70 38.4 25.9 26 26 32.2

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 39.90 40.8 40.8 40.8 39 39
Government Budget (% of GDP) -3.10 -3.3 -3.3 -3.3 -0.6 -0.6
Government Budget Value (SEK Million) -16884.00 7695 -149400 7695 7695 7695
Government Spending (SEK Million) 334500.00 328500 325400 326400 326400 330000
Government Spending to GDP (% of GDP) 52.90 53 53 53 51 51
Government Revenues (SEK Million) 74852.00 52500 74200 47950 47950 65000
Fiscal Expenditure (SEK Million) 91736.00 85900 79000 175000 175000 161000

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 20.60 22 21.4 22 22 22
Personal Income Tax Rate (%) 52.90 61.85 57.2 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 Q2 Q3 Q4 Q1 2022
Business Confidence (points) 116.20 115 107 109 105 111
Manufacturing PMI (points) 66.40 52 53.7 54 54 52
Services PMI (points) 71.70 52 53.8 55 55 52
Industrial Production (%) 26.40 3 3.8 3.2 3.2 2.6
Industrial Production Mom (%) 0.30 0.4 -0.7 0.6 0.6 0.6
Manufacturing Production (%) 27.70 3.2 4.1 3 3 2.4
Business Inventories (SEK Million) 1516.30 -3800 -4600 -6200 -6200 -6200

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 112.30 105 101 107 106 110
Retail Sales MoM (%) -1.40 0.5 -1.2 0.4 0.4 0.4
Retail Sales YoY (%) 7.20 3.6 2.5 3 3 2.2
Consumer Spending (SEK Million) 554982.00 561658 570643 571099 568921 584805
Disposable Personal Income (SEK Million) 594014.00 677451 600998 630756 628351 645895
Household Spending (%) -5.10 0.6 -1.2 0.5 0.5 0.3
Gasoline Prices (USD/Liter) 1.87 1.59 1.51 1.47 1.36 1.29


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.