Sweden GDP Growth Rate

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 while government spending showed no growth. 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 0.50 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 0.60 percent in 2020, according to our econometric models.

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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	-0.2%	0.5%	0.3%	0.5%
2019-02-28	08:30 AM	GDP Growth Rate QoQ				0.5%
2019-05-29	07:30 AM	GDP Growth Rate QoQ				0.4%
2019-07-30	07:30 AM	GDP Growth Rate QoQ Flash				0.4%

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.

Household consumption fell 1.0 percent in the third quarter of 2018, after rising 0.5 percent in the second quarter of the year and government spending showed no growth (vs 0.5 percent in Q2). Changes in inventories reduced 0.4 percentage points to the growth. Meantime, net trade contributed positively to the GDP, as exports rose 0.3 percent and imports dropped 0.6 percent. In addition, fixed investment increased 0.8 percent, rebounding from a 0.9 percent decline in the prior period.

On the production side, market production of goods and services dropped by 0.2 percent. Production of goods fell by 1.1 percent (vs -0.4 percent in Q2) and service-producing industries advanced by 0.3 percent (vs 1.0 percent). Employment measured as the total number of hours worked went up by 0.2 percent, and the total number of persons employed rose by 0.3 percent.

Year-on-year, the economy advanced 1.6 percent, slowing from an upwardly revised 2.7 percent expansion in the prior period and missing market consensus of a 2.3 percent growth.

Statistics Sweden | Stefanie Moya | stefanie.moya@tradingeconomics.com
11/29/2018 9:58:25 AM

News

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

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.
Published on 2018-02-28

Sweden GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-0.20	0.50	2.50	-3.70	percent	[+]
GDP Annual Growth Rate	1.60	2.70	7.80	-6.20	percent	[+]
GDP	538.04	514.46	578.74	14.84	USD Billion	[+]
GDP Constant Prices	1169836.00	1172534.00	1172534.00	515276.00	SEK Million	[+]
Gross National Product	1184338.00	1219302.00	1233469.00	140327.00	SEK Million	[+]
Gross Fixed Capital Formation	299809.00	297286.00	299886.00	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	11669.00	11701.00	13663.00	9028.00	SEK Million	[+]
GDP From Construction	65872.00	66538.00	71264.00	40277.00	SEK Million	[+]
GDP From Manufacturing	159412.00	160735.00	178429.00	60377.00	SEK Million	[+]
GDP From Mining	5136.00	5128.00	8331.00	4638.00	SEK Million	[+]
GDP From Public Administration	205775.00	206753.00	207596.00	160899.00	SEK Million	[+]
GDP From Services	544867.00	543314.00	544867.00	188361.00	SEK Million	[+]
GDP From Transport	43175.00	43339.00	43389.00	22893.00	SEK Million	[+]
GDP From Utilities	27846.00	28868.00	31292.00	13466.00	SEK Million	[+]

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 January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-0.20	0.50	2.50	-3.70	1981 - 2018	percent	Quarterly

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Country	Last		Previous	Range
United States	3.40	Sep/18	4.2	16.7 : -10	%
Indonesia	3.09	Sep/18	4.21	4.21 : -3.57	%
South Africa	2.20	Sep/18	-0.4	7.6 : -6.1	%
India	1.90	Jun/18	2	5.4 : -1.7	%
Singapore	1.60	Dec/18	3.5	36.6 : -13.5	%
China	1.50	Dec/18	1.6	2.4 : 1.4	%
South Korea	1.00	Dec/18	0.6	7.8 : -7	%
Russia	0.90	Jun/18	0.4	4.1 : -5.4	%
Brazil	0.80	Sep/18	0.2	3.9 : -3.9	%
Mexico	0.80	Sep/18	-0.1	3.2 : -5.7	%
Spain	0.60	Sep/18	0.6	1.6 : -1.6	%
United Kingdom	0.60	Sep/18	0.4	5 : -2.7	%
Canada	0.50	Sep/18	0.7	3.1 : -2.3	%
Australia	0.30	Sep/18	0.9	4.4 : -2	%
France	0.30	Sep/18	0.2	8 : -5.3	%
Euro Area	0.20	Sep/18	0.4	1.3 : -3	%
Netherlands	0.20	Sep/18	0.7	1.7 : -3.6	%
Saudi Arabia	-0.05	Mar/18	0.05	8.5 : -2.1	%
Italy	-0.10	Sep/18	0.2	6 : -2.8	%
Germany	-0.20	Sep/18	0.5	4 : -4.5	%
Switzerland	-0.20	Sep/18	0.7	2.4 : -1.9	%
Japan	-0.60	Sep/18	0.7	3.2 : -4.8	%
Argentina	-0.70	Sep/18	-4.1	5 : -5.7	%
Turkey	-1.10	Sep/18	0.6	5.6 : -5.2	%