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. 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.

Sweden GDP Growth Rate
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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.

Household consumption advanced 0.9 percent in the second quarter of 2018, after increasing 0.5 percnet in the first quarter of the year and government spending grew 0.3 percent (vs 0.2 percent in Q1). Changes in inventories added 0.6 percentage points to the growth. Meanwhile, net trade contributed negatively to the GDP growth, as imports rose 0.8 percent (vs 0.9 percent in Q1) and exports rose at a softer 0.4 percent (vs a flat reading in Q1). Additionally, fixed investment shrank 0.5 percent, after a 2.5 percent gain in the prior period.

On the production side, market production of goods and services increased by 0.9 percent. Production of goods went up by 0.2 percent (vs 1.1 percent in Q1) and service-producing industries advanced by 1.3 percent (vs 0.8 percent). Employment measured as the total number of hours worked rose by 0.8 percent seasonally adjusted and the total number of persons employed grew by 0.2 percent.

Year-on-year, the economy advanced 2.5 percent, down from a 3.3 percent growth in the preliminary estimate, following a downwardly revised 2.8 percent expansion in the previous period and missing market consensus of 3.3 percent.


Statistics Sweden | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/13/2018 8:38:36 AM


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Calendar GMT Actual Previous Consensus TEForecast
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 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 0.5%


Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.50 2.50 -3.70 percent [+]
GDP Annual Growth Rate 2.50 2.80 7.80 -6.20 percent [+]
GDP 538.04 514.46 578.74 14.84 USD Billion [+]
GDP Constant Prices 1171816.00 1162921.00 1171816.00 515276.00 SEK Million [+]
Gross National Product 1215567.00 1168543.00 1232648.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 294518.00 296037.00 296037.00 99412.00 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 12069.00 12064.00 13663.00 9028.00 SEK Million [+]
GDP From Construction 66546.00 66414.00 71266.00 40277.00 SEK Million [+]
GDP From Manufacturing 160748.00 160162.00 178437.00 60377.00 SEK Million [+]
GDP From Mining 5087.00 5169.00 8331.00 4638.00 SEK Million [+]
GDP From Public Administration 206581.00 205786.00 207307.00 160899.00 SEK Million [+]
GDP From Services 542879.00 536037.00 542879.00 188361.00 SEK Million [+]
GDP From Transport 43449.00 43359.00 43449.00 22893.00 SEK Million [+]
GDP From Utilities 29349.00 29396.00 31106.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.50 2.50 -3.70 1981 - 2018 percent Quarterly




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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