Sweden's quarterly economic growth was confirmed at 0.9 percent in the second quarter of 2021, up from 0.8 percent in the previous three-month period. Household final consumption increased by 1.0 percent, boosted by foreign consumption in the country and recreation and culture as international travel resumed following the gradual easing of coronavirus restriction globally. In addition, fixed investment advanced by 3.8 percent mainly due to spending on machinery, while public spending rose by 0.8 percent on the back of central government consumption and consumption in local and regional governments. Changes in inventories added 0.1 percentage point to the GDP growth, while net trade subtracted 0.8 percentage points as exports dropped 1.1 percent and imports rose 0.7 percent. source: Statistics Sweden

GDP Growth Rate in Sweden averaged 0.55 percent from 1981 until 2021, reaching an all time high of 7.50 percent in the third quarter of 2020 and a record low of -8.10 percent in the second quarter of 2020. This page provides - Sweden GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

GDP Growth Rate in Sweden is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden GDP Growth Rate is projected to trend around 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.

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Sweden GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.80 7.50 -8.10 1981 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-29 07:30 AM QoQ Flash Q1 1.1% -0.2% 0.5% 0.7%
2021-05-28 07:30 AM QoQ Final Q1 0.8% 0% 1.1% 1.1%
2021-07-29 07:30 AM QoQ Flash Q2 0.9% 0.8% 0.7% 1.6%
2021-08-27 07:30 AM QoQ Final Q2 0.9% 0.8% 0.9% 0.9%
2021-10-28 07:30 AM QoQ Flash Q3 0.9% 2%
2021-11-29 08:30 AM QoQ Final Q3 0.9%


News Stream
Swedish Q2 GDP Growth Confirmed at 0.9%
Sweden's quarterly economic growth was confirmed at 0.9 percent in the second quarter of 2021, up from 0.8 percent in the previous three-month period. Household final consumption increased by 1.0 percent, boosted by foreign consumption in the country and recreation and culture as international travel resumed following the gradual easing of coronavirus restriction globally. In addition, fixed investment advanced by 3.8 percent mainly due to spending on machinery, while public spending rose by 0.8 percent on the back of central government consumption and consumption in local and regional governments. Changes in inventories added 0.1 percentage point to the GDP growth, while net trade subtracted 0.8 percentage points as exports dropped 1.1 percent and imports rose 0.7 percent.
2021-08-27
Swedish Economy Expands More than Expected in Q2
Sweden's gross domestic product advanced 0.9 percent on quarter in the three months to June of 2021, picking up momentum from a 0.8 percent expansion in the previous period and beating market expectations of a 0.7 percent gain, a preliminary estimate showed. The Swedish Statistics agency commented the economy continued to grow in the second quarter in line with what had been seen earlier in the year. Year-on-year, output surged a record 10.0 percent, after being flat in the prior quarter.
2021-07-29
Swedish GDP Growth Revised Slightly Down
Sweden's gross domestic product advanced 0.8 percent from the previous quarter in the three months to March of 2021, revised down from a 1.1 percent expansion previously estimated. Household final consumption increased by 0.5 percent, mainly driven by spending on transports; and general government consumption rose by 0.4 percent. Meanwhile, fixed investment decreased by 0.1 percent. At the same time, net exports had a limited effect on GDP growth, as exports (1.3 percent) rose less than imports (1.4 percent). Changes in inventories contributed to GDP growth by 0.5 percentage points. Year-on-year, the GDP was unchanged, after contracting 2.2 percent in the prior quarter and matching an earlier estimate.
2021-05-28
Swedish Economy Rebounds More Than Expected
Sweden's gross domestic product advanced 1.1 percent from the prior quarter in the three months to March 2021, rebounding from a 0.2 percent contraction in the previous period and beating market expectations of a 0.5 percent gain, a preliminary estimate showed. The Swedish Statistics agency noted the economy is now back at roughly the same level of the previous year, driven by a strong growth in March. Year-on-year, output was unchanged, after edging down 0.2 percent in the prior quarter and compared to market consensus of a 1.3 percent fall.
2021-04-29

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.