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

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. Year-on-year, the economy grew 3.1 percent, also below an earlier estimate of 4 percent. 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.

Sweden GDP Growth Rate
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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.

Exports rebounded 2.3 percent, following a 1 percent drop in Q1; and imports increased at a slower 1.5 percent, easing from a 1.7 percent advance in the previous period.

Also, general government expenditure rose 0.2 percent after contracting by 0.2 percent in the previous quarter; while gross fixed capital formation grew 2.5 percent after rising by 4.1 percent in Q1, and household consumption went up 0.7 percent, slower than a 0.9 percent gain in the previous period. Changes in inventories subtracted 0.1 percentage points to the growth. 

On the production side, production of goods increased by 2.4 percent (1.3 percent in Q1) and service-producing industries grew by 0.9 percent (0.5 percent in Q1). 

Employment, measured as the total number of hours worked, increased by 0.3 percent, seasonally adjusted, and the total number of persons employed rose by 0.6 percent.

Year-on-year, the GDP advanced 3.1 percent, also below an earlier estimate of 4 percent and following a 2.3 percent growth in the previous period. It was the strongest pace of expansion in a year.

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/13/2017 7:59:30 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-05-30 07:30 AM GDP Growth Rate QoQ 0.4% 0.7% 0.9% 0.7%
2017-07-28 07:30 AM GDP Growth Rate QoQ Flash 1.7% 0.6% 1% 0.8%
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 1.3% 0.6%


Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 0.60 2.50 -3.70 percent [+]
GDP Annual Growth Rate 3.10 2.20 7.80 -6.20 percent [+]
GDP 511.00 495.69 578.74 14.84 USD Billion [+]
GDP Constant Prices 1128709.00 1114584.00 1128709.00 502817.00 SEK Million [+]
Gross National Product 1174500.00 1133878.00 1195423.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 285087.00 278105.00 285087.00 96034.00 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 12594.00 12564.00 13229.00 9028.00 SEK Million [+]
Gdp From Construction 64286.00 61020.00 66384.00 40277.00 SEK Million [+]
Gdp From Manufacturing 153015.00 151128.00 172441.00 59996.00 SEK Million [+]
Gdp From Mining 4344.00 4170.00 6177.00 3519.00 SEK Million [+]
Gdp From Public Administration 197651.00 196135.00 197651.00 160899.00 SEK Million [+]
Gdp From Services 524830.00 520041.00 524830.00 188361.00 SEK Million [+]
Gdp From Transport 41242.00 40934.00 41279.00 22893.00 SEK Million [+]
Gdp From Utilities 27901.00 27182.00 29190.00 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 0.60 2.50 -3.70 1981 - 2017 percent Quarterly



gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.00 Jun/17
Turkey 2.10 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Canada 1.10 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 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
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17
Russia -0.57 Sep/15