Markets Actual Q1 Q2 Q3 Q4 2022
Currency 8.35 8.37 8.42 8.47 8.52 8.61
Stock Market (points) 1978.37 1912 1867 1824 1781 1696
Government Bond 10Y (%) 0.09 0.09 0.1 0.11 0.13 0.15

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 4.90 1.4 1.7 1.2 0.8 0.4
GDP Annual Growth Rate (%) -2.50 -0.8 7.5 4 3.8 2.6
Unemployment Rate (%) 7.70 9.9 9.2 9 8.8 7.5
Inflation Rate (%) 0.50 0.8 1.1 1 1.2 1.4
Inflation Rate Mom (%) 0.70 0.4 0.3 0.4 0.3 0.3
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (SEK million) 1400.00 0 -2000 4000 -4000 -4000
Current Account (SEK Billion) 67.40 26 21 27 28 25
Current Account to GDP (%) 3.90 3.6 3.6 3.6 3.6 3
Government Debt to GDP (%) 35.10 40 40 40 40 36
Government Budget (% of GDP) 0.50 -2.3 -2.3 -2.3 -2.3 0.5
Business Confidence (points) 92.60 85 88 87 91 95
Manufacturing PMI (points) 64.90 50 52 53.7 54 52
Services PMI (points) 56.60 50.4 52 53.8 55 52
Consumer Confidence (points) 92.30 85 88 89 91 94
Retail Sales MoM (%) 0.80 0.9 0.5 -1.2 0.4 0.4
Corporate Tax Rate (%) 21.40 22 21.4 21.4 22 22
Personal Income Tax Rate (%) 57.20 61.85 57.2 57.2 61.85 61.85

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 4.90 1.4 1.7 1.2 0.8 0.4
GDP Annual Growth Rate (%) -2.50 -0.8 7.5 4 3.8 2.6
GDP (USD Billion) 530.83 510 510 510 510 575
GDP Constant Prices (SEK Million) 1221860.00 1254898 1251783 1270734 1268291 1301266
Gross National Product (SEK Million) 1228091.00 1270631 1357711 1277215 1274758 1307902
Gross Fixed Capital Formation (SEK Million) 301976.00 304605 317052 314055 313451 321601
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) 17672.00 17563 19025 18379 18344 18820
GDP From Construction (SEK Million) 76622.00 76499 82714 79687 79534 81602
GDP From Manufacturing (SEK Million) 159297.00 164766 138698 165669 165350 169649
GDP From Mining (SEK Million) 8141.00 8266 8761 8467 8450 8670
GDP From Public Administration (SEK Million) 223358.00 225192 235797 232292 231846 237874
GDP From Services (SEK Million) 556934.00 577393 573191 579211 578097 593128
GDP From Transport (SEK Million) 36812.00 44147 36416 38284 38211 39204
GDP From Utilities (SEK Million) 30653.00 31637 33450 31879 31818 32645

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 7.70 9.9 9.2 9 8.8 7.5
Long Term Unemployment Rate (%) 1.20 1.7 1.5 1.6 1.8 1.5
Labour Costs (points) 139.30 141 137 135 146 146
Wages (SEK/Hour) 177.30 185 179 178 191 191
Wages in Manufacturing (SEK/Hour) 187.60 197 191 190 204 204
Population (Million) 10.23 10.48 10.48 10.48 10.48 10.6
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 62.00 62 62 62 62 62
Wage Growth (%) 1.10 1.1 1.6 1.8 1.7 2.2

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 0.50 0.8 1.1 1 1.2 1.4
Inflation Rate Mom (%) 0.70 0.4 0.3 0.4 0.3 0.3
Consumer Price Index CPI (points) 339.34 338 337 341 359 342
Core Consumer Prices (points) 222.08 221 219 222 230 225
Core Inflation Rate (%) 0.50 0.5 1 1.3 1.5 1.6
Producer Prices (points) 109.90 113 111 111 122 116
Producer Prices Change (%) -4.40 0.3 1 3.6 2.2 1.7
Food Inflation (%) 1.00 1.2 1.6 1.7 1.9 2
Inflation Expectations (%) 3.70 1.8 1.7 1.6 1.6 1.4
CPI Housing Utilities (points) 419.34 417 415 418 443 422
CPI Transportation (points) 469.45 468 458 468 484 473

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.03 -0.1 -0.1 -0.1 0.61 -0.1
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 1.1 0.1
Loan Growth (%) 5.30 5.4 4.6 4.5 4.2 3.8

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (SEK million) 1400.00 0 -2000 4000 -4000 -4000
Current Account (SEK Billion) 67.40 26 21 27 28 25
Current Account to GDP (%) 3.90 3.6 3.6 3.6 3.6 3
Imports (SEK million) 126600.00 127500 117900 128900 120300 126500
Exports (SEK million) 128000.00 125500 121900 127800 114500 121500
Foreign Direct Investment (SEK Billion) -12.50 36.2 38.4 25.9 26 32.2

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 35.10 40 40 40 40 36
Government Budget (% of GDP) 0.50 -2.3 -2.3 -2.3 -2.3 0.5
Government Budget Value (SEK Million) 40391.00 7695 -149400 -50400 7695 7695
Government Spending (SEK Million) 326347.00 329100 328500 325400 326400 330000
Government Spending to GDP (%) 49.30 51 51 51 51 49
Government Revenues (SEK Million) 107952.00 75900 52500 74200 47950 65000
Fiscal Expenditure (SEK Million) 67561.00 126300 85900 79000 175000 161000

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 21.40 22 21.4 21.4 22 22
Personal Income Tax Rate (%) 57.20 61.85 57.2 57.2 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 Q1 Q2 Q3 Q4 2022
Business Confidence (points) 92.60 85 88 87 91 95
Manufacturing PMI (points) 64.90 50 52 53.7 54 52
Services PMI (points) 56.60 50.4 52 53.8 55 52
Industrial Production (%) 0.80 2.5 3 3.8 3.2 2.6
Industrial Production Mom (%) 1.50 0.5 0.4 -0.7 0.6 0.6
Manufacturing Production (%) 1.10 2.4 3.2 4.1 3 2.4
Business Inventories (SEK Million) -5343.96 -2400 -3800 -4600 -6200 -6200

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 92.30 85 88 89 91 94
Retail Sales MoM (%) 0.80 0.9 0.5 -1.2 0.4 0.4
Retail Sales YoY (%) 5.70 2 3.6 2.5 3 2.2
Consumer Spending (SEK Million) 547115.00 554401 553182 569000 567905 582671
Disposable Personal Income (SEK Million) 574531.00 584956 665878 597512 596363 611869
Household Spending (%) -0.60 1 0.6 -1.2 0.5 0.3
Gasoline Prices (USD/Liter) 1.66 1.54 1.39 1.32 1.47 1.47


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.