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

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. Year-on-year, the GDP advanced 2.2 percent, also below market consensus of 3 percent. GDP Growth Rate in Sweden averaged 0.56 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.

Sweden GDP Growth Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2016-11-29 08:30 AM Q3 0.5% 0.6% 0.5% 0.6%
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 0.4% 0.5%
2017-09-13 07:30 AM Q2 0.5%
2017-11-29 08:30 AM Q3 0.6%




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.

Gross fixed capital formation jumped 2.5 percent after rising by 1 percent in Q4 2016; and household consumption went up 0.5 percent, faster than a 0.4 percent gain in the previous period. Also, changes in inventories contributed 0.1 percentage points to GDP growth. Meanwhile, general government expenditure shrank 0.2 percent after showing no growth in the previous quarter and net external demand contributed negatively, as exports fell 0.2 percent (1.5 percent in Q4) while imports rose at a faster 0.9 percent (0.2 percent in Q4).

On the production side, market production of goods and services increased by 0.8 percent (0.9 percent in Q4). Production of goods increased by 0.5 percent (0.3 percent in Q4) and service-producing industries grew by 0.9 percent (1.2 percent in Q4). Employment measured as the total number of hours worked increased by 0.6 percent, and the number of persons employed increased by 1.2 percent.

Year-on-year, the GDP advanced 2.2 percent, following a downwardly revised 2.1 percent growth but also below market consensus of 3 percent.

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/30/2017 7:55:22 AM


Recent Releases

Sweden GDP Growth Beats Expectations In Q4
The Swedish economy expanded 1 percent on quarter in the last three months of 2016, following a downwardly revised 0.3 percent rise in the previous period and beating expectations of 0.9 percent. It is the highest growth rate in a year, boosted by rising investment and exports and a rebound in government spending.
Published on 2017-02-28

Swedish Economy Expands 0.5% In Q3
Sweden's gross domestic product advanced 0.5 percent in the third quarter of 2016, following an upwardly revised 0.6 percent expansion in the second quarter and in a line with market expectations, according to preliminary estimates. Household consumption rebounded and net external demand contributed positively while fixed investment and government expenditure were unchanged. On a yearly basis, the economy advanced 2.8 percent, easing from an upwardly revised 3.6 percent growth in the previous period and below market expectations of 3 percent.
Published on 2016-11-29

Swedish Q2 GDP Growth Revised Up to 0.5%
Sweden's gross domestic product was upwardly revised to growth of 0.5 percent in the second quarter of 2016 from the previous three month period, following a 0.4 percent expansion in the first quarter. Government expenditure and fixed investment were the main contributors to growth while household consumption was unchanged and net external demand contributed negatively.
Published on 2016-09-14

Sweden GDP Growth at 3-Year Low of 0.3% in Q2
The Swedish economy expanded 0.3 percent on quarter in the three months to June of 2016, following a downwardly revised 0.4 percent growth in the previous period and much lower than market expectations of a 0.7 percent expansion. It is the worst performance since a contraction in the second quarter of 2013 as investment stalled and exports fell, preliminary estimates showed.
Published on 2016-07-29



Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.70 2.50 -3.70 percent [+]
GDP Annual Growth Rate 2.20 2.10 7.70 -6.10 percent [+]
GDP 511.00 495.69 578.74 14.84 USD Billion [+]
GDP Constant Prices 1106332.00 1101578.00 1106332.00 494814.00 SEK Million [+]
Gross National Product 1131502.00 1189195.00 1189195.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 272979.00 266425.00 272979.00 94538.00 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 12180.00 12192.00 13177.00 9028.00 SEK Million [+]
Gdp From Construction 60517.00 59367.00 64437.00 40277.00 SEK Million [+]
Gdp From Manufacturing 160254.00 159503.00 170789.00 59438.00 SEK Million [+]
Gdp From Mining 4082.00 4116.00 6344.00 3521.00 SEK Million [+]
Gdp From Public Administration 195257.00 195954.00 195954.00 160899.00 SEK Million [+]
Gdp From Services 504738.00 500337.00 504738.00 188361.00 SEK Million [+]
Gdp From Transport 40770.00 40856.00 40856.00 22893.00 SEK Million [+]
Gdp From Utilities 28106.00 28596.00 30603.00 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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.70 2.50 -3.70 1981 - 2017 percent Quarterly



gdp growth rate by Country

Last
China 1.70 Jun/17
India 1.50 Mar/17
Turkey 1.40 Mar/17
United States 1.40 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15