Sweden GDP Growth Rate  1981-2017 | Data | Chart | Calendar | Forecast

The Swedish economy advanced 1.7 percent on quarter in the three months to June 2017, beating market expectations of 1 percent and following an upwardly revised 0.6 growth in the previous period, the preliminary estimate showed. It was the strongest pace of expansion since the last quarter of 2010, mainly boosted by fixed investment and household consumption. Year-on-year, the GDP expanded 4 percent, also beating market consensus of 2.8 percent. It was the highest annual growth rate since the last quarter of 2015. GDP Growth Rate in Sweden averaged 0.57 percent from 1981 until 2017, reaching an all time high of 2.50 percent in the first quarter of 1984 and a record low of -3.80 percent in the fourth quarter of 2008.

Sweden GDP Growth Rate
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Swedish Q2 GDP Growth Strongest Since 2010


The Swedish economy advanced 1.7 percent on quarter in the three months to June 2017, beating market expectations of 1 percent and following an upwardly revised 0.6 growth in the previous period, the preliminary estimate showed. It was the strongest pace of expansion since the last quarter of 2010, mainly boosted by fixed investment and household consumption.

Gross fixed capital formation jumped 3.8 percent after rising by 2.8 percent in Q1 2017; and household consumption went up 1.1 percent, faster than a 0.6 percent gain in the previous period. Also, changes in inventories contributed 0.3 percentage points to the growth. Meanwhile, general government expenditure stalled after contracting by 0.2 percent in the previous quarter. Exports rebounded 0.7 percent, following a 0.2 percent drop in Q1; and imports also increased 0.7 percent, easing from a 0.9 percent advance in the previous period.

On the production side, market production of goods and services increased by 1.7 percent (0.7 percent in Q1). Production of goods increased by 3 percent (1.1 percent in Q1) and service-producing industries grew by 1.7 percent (1 percent in Q1). Employment measured as the total number of hours worked rose by 0.8 percent, and the number of persons employed increased by 0.6 percent.

Year-on-year, the GDP advanced 4 percent, also beating market consensus of 2.8 percent and following an upwardly revised 2.3 percent growth. It was the strongest pace of expansion since the last quarter of 2015.

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/28/2017 9:57:14 AM



Calendar GMT Actual Previous Consensus Forecast (i)
2017-02-28 08:30 AM Q4 1% 0.3% 0.9% 0.4%
2017-05-30 07:30 AM Q1 0.4% 0.7% 0.9% 0.7%
2017-07-28 07:30 AM Q2 1.7% 0.6% 1% 0.8%
2017-09-13 07:30 AM Q2 0.6% 1.7% 1.7%
2017-11-29 08:30 AM Q3 0.6%


Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.70 0.60 2.50 -3.80 percent [+]
GDP Annual Growth Rate 4.00 2.30 7.80 -6.20 percent [+]
GDP 511.00 495.69 578.74 14.84 USD Billion [+]
GDP Constant Prices 1128550.00 1109346.00 1128550.00 502066.00 SEK Million [+]
Gross National Product 1131502.00 1189195.00 1189195.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 284997.00 274589.00 284997.00 95852.00 SEK Million [+]
GDP per capita 56319.05 55163.45 56319.05 18142.88 USD [+]
GDP per capita PPP 46441.21 45488.29 46441.21 29058.24 USD [+]
Gdp From Agriculture 12292.00 12214.00 13175.00 9028.00 SEK Million [+]
Gdp From Construction 65071.00 62095.00 65071.00 40277.00 SEK Million [+]
Gdp From Manufacturing 164729.00 161019.00 170789.00 59438.00 SEK Million [+]
Gdp From Mining 4357.00 4182.00 6344.00 3521.00 SEK Million [+]
Gdp From Public Administration 194101.00 194055.00 195595.00 160899.00 SEK Million [+]
Gdp From Services 514481.00 505730.00 514481.00 188361.00 SEK Million [+]
Gdp From Transport 41689.00 41031.00 41689.00 22893.00 SEK Million [+]
Gdp From Utilities 29484.00 28375.00 30513.00 13466.00 SEK Million [+]


Sweden GDP Growth Rate Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 0.60 2.50 -3.80 1981 - 2017 percent Quarterly



gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 2.60 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Turkey 1.40 Mar/17
Brazil 1.00 Mar/17
Japan 1.00 Jun/17
Canada 0.90 Mar/17
Spain 0.90 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Australia 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.30 Jun/17
Russia -0.57 Sep/15