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 0.40 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 0.50 percent in 2020, according to our econometric models.