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.

Sweden GDP Growth Rate
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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



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




GDP growth rate by Country
Country Last
United States 2.30 Mar/18
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 1.10 Mar/18
South Korea 1.10 Mar/18
Spain 0.70 Mar/18
Switzerland 0.60 Dec/17
Netherlands 0.50 Mar/18
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Euro Area 0.40 Mar/18
France 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
Brazil 0.10 Dec/17
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


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