The Swedish economy grew 1.2 percent on quarter in the three months to December 2018, recovering from a 0.1 percent contraction in the previous period and easily beating market consensus of 0.6 percent. It was the strongest pace of expansion since the second quarter of 2017 buoyed by solid increases in household consumption, government spending and exports, as well as a positive contribution from inventory changes. GDP Growth Rate in Sweden averaged 0.56 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.

GDP Growth Rate in Sweden is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Sweden to stand at 0.50 in 12 months time. In the long-term, the Sweden GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

Sweden GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-30 07:30 AM GDP Growth Rate QoQ Flash 1% 0.8% 0.5% 0.6%
2018-09-13 07:30 AM GDP Growth Rate QoQ Final 0.8% 0.5% 1% 1%
2018-11-29 08:30 AM GDP Growth Rate QoQ -0.2% 0.5% 0.3% 0.5%
2019-02-28 08:30 AM GDP Growth Rate QoQ 1.2% -0.1% 0.6% 0.5%
2019-05-29 07:30 AM GDP Growth Rate QoQ 1.2% 0.4%
2019-07-30 07:30 AM GDP Growth Rate QoQ Flash 0.4%
2019-09-13 07:30 AM GDP Growth Rate QoQ Final 0.4%



Swedish GDP Growth Accelerates to 1-1/2-Year High

The Swedish economy grew 1.2 percent on quarter in the three months to December 2018, recovering from a 0.1 percent contraction in the previous period and easily beating market consensus of 0.6 percent. It was the strongest pace of expansion since the second quarter of 2017 buoyed by solid increases in household consumption, government spending and exports, as well as a positive contribution from inventory changes.

Household consumption rose 0.7 percent in the fourth quarter of the year, reversing a 0.8 percent contraction in the previous period; and government spending increased 0.6 percent, following a 0.2 percent advance in Q3. In addition, net trade contributed positively to the GDP growth as exports surged 3.1 percent (vs 0.6 percent in Q3) and imports rose at a slower 1.4 percent (vs -0.5 percent in Q3). Also, changes in inventories added 0.3 percentage points to the growth. By contrast, fixed investment shrank 1.6 percent in the three months to December, after a 0.1 percent gain in the previous period.

On the production side, market production of goods and services increased 1.4 percent, recovering from a 0.1 percent decline in the previous period. Production of goods advanced 1.5 percent (vs -0.7 percent in Q3) and service-producing industries grew 1.3 percent (vs 0.2 percent in Q3). Employment measured as the total number of hours worked went up 1.6 percent and the total number of persons employed rose 0.8 percent.

Year-on-year, the GDP advanced 2.4 percent in the fourth quarter, accelerating from a 1.5 percent expansion in the previous period and also beating market consensus of 1.5 percent.


Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/28/2019 8:55:10 AM


News

Swedish Economy Contracts For 1st Time Since 2013
The Swedish economy shrank 0.2 percent on quarter in the three months to September 2018, following a downwardly revised 0.5 percent expansion in the previous period and below market expectations of a 0.3 percent growth. It was the first contraction since the second quarter of 2013, as household consumption declined.
Published on 2018-11-29

Swedish GDP Growth Revised Down to 0.8% in Q2
The Swedish economy expanded 0.8 percent on quarter in the three months to June 2018, lower than a 1 percent growth in the preliminary estimate, following a downwardly revised 0.5 percent expansion in the previous period and below market expectations of 1 percent, final figures showed. It was the strongest growth since the second quarter of 2018, driven by household consumption and government spending.
Published on 2018-09-13

Swedish Q2 GDP Growth Beats Forecasts
The Swedish economy advanced 1 percent on quarter in the three months to June 2018, easily beating market expectations of 0.5 percent and following an upwardly revised 0.8 growth in the previous period, a preliminary estimate showed. It was the strongest pace of expansion since the second quarter of 2017, mainly boosted by household consumption, government spending and net trade.
Published on 2018-07-30

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.
Published on 2018-05-30



Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.20 -0.10 2.50 -3.70 percent [+]
GDP Annual Growth Rate 2.40 1.50 7.80 -6.20 percent [+]
GDP 538.04 514.46 578.74 14.84 USD Billion [+]
GDP Constant Prices 1183783.00 1170300.00 1183783.00 515304.00 SEK Million [+]
Gross National Product 1293157.00 1184599.00 1293157.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 291211.00 296085.00 299925.00 99322.00 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 11526.00 11554.00 13664.00 9183.00 SEK Million [+]
GDP From Construction 67550.00 67183.00 71247.00 45822.00 SEK Million [+]
GDP From Manufacturing 161793.00 158853.00 178395.00 52360.00 SEK Million [+]
GDP From Mining 5112.00 5165.00 8337.00 4480.00 SEK Million [+]
GDP From Public Administration 209011.00 207121.00 209011.00 173193.00 SEK Million [+]
GDP From Services 550473.00 543488.00 550473.00 190697.00 SEK Million [+]
GDP From Transport 43124.00 43011.00 43327.00 24166.00 SEK Million [+]
GDP From Utilities 28980.00 28181.00 31513.00 15355.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 -0.10 2.50 -3.70 1981 - 2018 percent Quarterly




Country Last Previous
United States 2.60 Dec/18
Saudi Arabia 1.60 Sep/18
China 1.50 Dec/18
India 1.50 Sep/18
Singapore 1.40 Dec/18
South Africa 1.40 Dec/18
South Korea 1.00 Dec/18
Spain 0.70 Dec/18
Japan 0.50 Dec/18
Netherlands 0.50 Dec/18
France 0.30 Dec/18
Russia 0.30 Sep/18
Australia 0.20 Dec/18
Euro Area 0.20 Dec/18
Mexico 0.20 Dec/18
Switzerland 0.20 Dec/18
United Kingdom 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Germany 0.00 Dec/18
Italy -0.10 Dec/18
Argentina -1.20 Dec/18
Indonesia -1.69 Dec/18
Turkey -2.40 Dec/18


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