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

The Swedish economy grew by 0.9 percent on quarter in the last three months of 2017, following a 0.8 percent expansion in the previous period and missing market expectations of 1 percent. Household consumption increased at a faster pace, and both changes in inventories and net trade contributed positively to GDP growth. 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 -3.70 percent in the fourth quarter of 2008.

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Swedish Economy Grows 0.9% in Q4

The Swedish economy grew by 0.9 percent on quarter in the last three months of 2017, following a 0.8 percent expansion in the previous period and missing market expectations of 1 percent.

Household consumption rose by 0.6 percent in the fourth quarter, following a 0.5 percent increase in the previous period. In addition, changes in inventories added 0.3 percentage points to GDP growth, while government spending growth slowed to 0.2 percent from 0.5 percent in the third quarter and gross fixed capital formation shrank 1.3 percent (vs 3.8 percent in Q3).

Net external demand contributed positively, as exports jumped 2.4 percent (vs 0.2 percent in Q3) while imports rose at a softer 1.2 percent (vs 1.4 percent in Q3).

On the production side, production of goods increased by 1.3 percent (vs 0.9 percent in Q3) and service-producing industries grew by 0.6 percent (vs 0.9 percent in Q3).

Employment, measured as the total number of hours worked, increased by 1.0 percent, seasonally adjusted and the total number of persons employed rose by 0.4 percent.

Year-on-year, the GDP rose by 3.3 percent after an increase of 2.9 percent in the third quarter, but slightly below market consensus of 3.4 percent.

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/28/2018 8:53:03 AM

Recent Releases

Swedish Economy Expands 0.8% in Q3
The Swedish economy advanced 0.8 percent on quarter in the three months to September 2017, easing from a downwardly revised 1.2 expansion in the previous period and matching market expectations. Growth was driven by fixed investment while household consumption rose at a softer pace and net external demand contributed negatively.
Published on 2017-11-29

Swedish Q2 GDP Growth Revised Down to 1.3%
The Swedish economy advanced 1.3 percent on quarter in the three months to June 2017, below the preliminary estimate of 1.7 percent and following a 0.6 growth in the previous period, final figures showed. It was the strongest pace of expansion since the last quarter of 2015, mainly boosted by net exports and government spending.
Published on 2017-09-13

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.
Published on 2017-07-28

Swedish GDP Growth Eases To 0.4% In Q1
The Swedish economy expanded 0.4 percent on quarter in the first three months of 2017, easing from a downwardly revised 0.7 percent growth in the previous period and missing market expectations of 0.9 percent. Fixed investment and household consumption were the main drivers of growth while government spending contracted and net trade contributed negatively.
Published on 2017-05-30

Calendar	GMT		Actual	Previous	Consensus	TEForecast
2017-09-13	07:30 AM	GDP Growth Rate QoQ Final	1.3%	0.6%	1.7%	1.7%
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		0.9%	0.5%	0.8%
2018-07-30	07:30 AM	GDP Growth Rate QoQ Flash				0.6%
2018-09-13	07:30 AM	GDP Growth Rate QoQ Final

Sweden GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.90	0.80	2.50	-3.70	percent	[+]
GDP Annual Growth Rate	3.30	2.90	7.70	-6.20	percent	[+]
GDP	511.00	495.69	578.74	14.84	USD Billion	[+]
GDP Constant Prices	1143039.00	1133274.00	1143039.00	503129.00	SEK Million	[+]
Gross National Product	1241985.00	1142229.00	1241985.00	140327.00	SEK Million	[+]
Gross Fixed Capital Formation	284313.00	288130.00	288130.00	96087.00	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	12810.00	12726.00	13230.00	9028.00	SEK Million	[+]
Gdp From Construction	63901.00	63445.00	66390.00	40277.00	SEK Million	[+]
Gdp From Manufacturing	157753.00	154689.00	172431.00	59982.00	SEK Million	[+]
Gdp From Mining	4395.00	4347.00	6181.00	3522.00	SEK Million	[+]
Gdp From Public Administration	199923.00	198760.00	199923.00	160899.00	SEK Million	[+]
Gdp From Services	530690.00	527411.00	530690.00	188361.00	SEK Million	[+]
Gdp From Transport	41615.00	41465.00	41615.00	22893.00	SEK Million	[+]
Gdp From Utilities	28003.00	28163.00	29094.00	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 May of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.90	0.80	2.50	-3.70	1981 - 2017	percent	Quarterly

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GDP growth rate by Country

Country	Last		Previous	Highest	Lowest
United States	2.30	Mar/18	2.9	16.9	-10	%	Quarterly
India	1.80	Dec/17	1.8	5.4	-1.7	%	Quarterly
Turkey	1.80	Dec/17	1.3	5.6	-5.2	%	Quarterly
China	1.40	Mar/18	1.6	2.4	1.3	%	Quarterly
Mexico	1.10	Mar/18	0.9	3.2	-5.7	%	Quarterly
South Korea	1.10	Mar/18	-0.2	7.8	-7	%	Quarterly
Spain	0.70	Mar/18	0.7	1.6	-1.6	%	Quarterly
Switzerland	0.60	Dec/17	0.7	2.3	-1.6	%	Quarterly
Netherlands	0.50	Mar/18	0.8	1.7	-3.2	%	Quarterly
Australia	0.40	Dec/17	0.7	4.4	-2	%	Quarterly
Canada	0.40	Dec/17	0.4	3.33	-2.3	%	Quarterly
Euro Area	0.40	Mar/18	0.7	1.3	-2.9	%	Quarterly
France	0.30	Mar/18	0.7	7.7	-5	%	Quarterly
Germany	0.30	Mar/18	0.6	4	-4.5	%	Quarterly
Italy	0.30	Mar/18	0.3	6	-2.8	%	Quarterly
Brazil	0.10	Dec/17	0.2	3.6	-4.1	%	Quarterly
United Kingdom	0.10	Mar/18	0.4	5	-2.7	%	Quarterly
Japan	-0.20	Mar/18	0.1	3.2	-4.9	%	Quarterly
Russia	-0.38	Dec/17	0.04	4.1	-5.4	%	Quarterly
Indonesia	-0.42	Mar/18	-1.7	4.01	-3.57	%	Quarterly