Sweden GDP Growth Rate  1981-2018 | Data | Chart | Calendar | Forecast

The Swedish economy advanced by 0.7 percent on quarter in the first three months of 2018, the same pace as in the previous three-month period and above market expectations of a 0.5 percent rise. Household consumption rose faster and fixed investment rebounded. GDP Growth Rate in Sweden averaged 0.57 percent from 1981 until 2018, reaching an all time high of 2.50 percent in the first quarter of 1984 and a record low of -3.70 percent in the fourth quarter of 2008.

Sweden GDP Growth Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Swedish GDP Grows 0.7% QoQ in Q1


The Swedish economy advanced by 0.7 percent on quarter in the first three months of 2018, the same pace as in the previous three-month period and above market expectations of a 0.5 percent rise. Household consumption rose faster and fixed investment rebounded.

Household consumption went up by 0.8 percent in the first quarter of 2018, following a 0.7 percent increase in the previous period. Also, gross fixed capital formation rebounded significantly (2.8 percent vs -0.8 percent in Q4) and changes in inventories added 0.1 percentage points to GDP growth. Meanwhile, government spending rose at a softer 0.1 percent (0.2 percent in Q4).

Net external demand contributed negatively, as exports fell 0.2 percent (2.0 percent in Q4) while imports advanced 1.0 percent (the same pace as in Q4).

On the production side, production of goods went up by 1.1 percent (1.3 percent in Q4) and service producing industries rose by 1.2 percent (0.6 percent in Q4).

Employment, measured as the total number of hours worked, was unchanged, and the total number of persons employed increased by 0.6 percent, seasonally adjusted.

Year-on-year, the GDP grew 3.3 percent after a downwardly revised 2.9 percent in the fourth quarter, but slightly below market estimates of 3.4 percent.


Statistics Sweden | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/30/2018 8:19:40 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-29 08:30 AM GDP Growth Rate QoQ 0.8% 1.2% 0.8% 0.7%
2018-02-28 08:30 AM GDP Growth Rate QoQ 0.9% 0.8% 1% 1.1%
2018-05-30 07:30 AM GDP Growth Rate QoQ 0.7% 0.7% 0.5% 0.8%
2018-07-30 07:30 AM GDP Growth Rate QoQ Flash 0.7% 0.6%
2018-09-13 07:30 AM GDP Growth Rate QoQ Final
2018-11-29 08:30 AM GDP Growth Rate QoQ 0.5%


Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.70 2.50 -3.70 percent [+]
GDP Annual Growth Rate 3.30 2.90 7.80 -6.20 percent [+]
GDP 538.04 514.46 578.74 14.84 USD Billion [+]
GDP Constant Prices 1171984.00 1163551.00 1171984.00 513632.00 SEK Million [+]
Gross National Product 1171746.00 1241985.00 1241985.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 299133.00 291099.00 299133.00 98177.00 SEK Million [+]
GDP per capita 56935.19 56473.02 56935.19 18142.88 USD [+]
GDP per capita PPP 46949.28 46568.18 46949.28 29058.24 USD [+]
Gdp From Agriculture 12876.00 12769.00 13274.00 9028.00 SEK Million [+]
Gdp From Construction 67091.00 65126.00 67742.00 40277.00 SEK Million [+]
Gdp From Manufacturing 160392.00 159736.00 175081.00 60896.00 SEK Million [+]
Gdp From Mining 5424.00 5441.00 7660.00 4262.00 SEK Million [+]
Gdp From Public Administration 205967.00 207009.00 207009.00 160899.00 SEK Million [+]
Gdp From Services 542161.00 535739.00 542161.00 188361.00 SEK Million [+]
Gdp From Transport 42979.00 42671.00 42979.00 22893.00 SEK Million [+]
Gdp From Utilities 29807.00 29644.00 30855.00 13466.00 SEK Million [+]


Sweden GDP Growth Rate

On the expenditure side, household consumption is the main component of Swedish GDP and accounts for 46 percent of its total use, followed by government consumption (26 percent) and gross fixed capital formation (23 percent). Exports of goods and services account for 45 percent of GDP while imports account for 41 percent, adding 4 percent of total GDP. This page provides - Sweden GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.70 2.50 -3.70 1981 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
Turkey 2.00 Mar/18
United States 2.00 Mar/18
India 1.90 Mar/18
China 1.80 Jun/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Russia 0.85 Mar/18
Spain 0.70 Mar/18
Netherlands 0.60 Mar/18
Switzerland 0.60 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.20 Mar/18
Japan -0.20 Mar/18
Indonesia -0.42 Mar/18


Related

Latest