The Swedish economy grew 0.6 percent on quarter in the three months to March 2019, slowing from a 1.2 percent expansion in the previous period but beating market expectations of a 0.2 percent gain. Government spending grew much less (0.1 percent vs 0.4 percent in Q4) while both household consumption (-0.2 percent vs 0.6 percent) and fixed investment (-0.4 percent vs 1.1 percent) decreased. Changes in inventories provided no significant contribution to GDP growth in the first quarter. Meanwhile, net external demand contributed positively to growth, as exports rose (0.8 percent vs 3.1 percent in Q4) while imports fell (-0.7 percent vs 2.3 percent in Q4). Year-on-year, the GDP advanced 2.1 percent compared with a 2.4 percent growth in Q4 and market consensus of 1.7 percent. GDP Growth Rate in Sweden averaged 0.56 percent from 1981 until 2019, 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 0.30 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 0.40 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.

Sweden GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-13 07:30 AM GDP Growth Rate QoQ Final Q2 0.8% 0.5% 1% 1%
2018-11-29 08:30 AM GDP Growth Rate QoQ Q3 -0.2% 0.5% 0.3% 0.5%
2019-02-28 08:30 AM GDP Growth Rate QoQ Q4 1.2% -0.1% 0.6% 0.5%
2019-05-29 07:30 AM GDP Growth Rate QoQ Q1 0.6% 1.2% 0.2% 0.4%
2019-07-30 07:30 AM GDP Growth Rate QoQ Flash Q2 0.6% 0.3%
2019-09-13 07:30 AM GDP Growth Rate QoQ Final Q2 0.6% 0.3%
2019-11-29 08:30 AM GDP Growth Rate QoQ Q3 0.3%


Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 1.20 2.50 -3.70 percent [+]
GDP Annual Growth Rate 2.10 2.40 7.80 -6.20 percent [+]
GDP 551.03 535.61 579.36 14.84 USD Billion [+]
GDP Constant Prices 1217244.00 1210010.00 1217244.00 526659.00 SEK Million [+]
Gross National Product 1249945.00 1293157.00 1293157.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 307037.00 308355.00 308355.00 102387.00 SEK Million [+]
GDP per capita 57232.10 56610.70 57232.10 18142.88 USD [+]
GDP per capita PPP 47193.60 46681.20 47193.60 29098.00 USD [+]
GDP From Agriculture 12664.00 12474.00 14646.00 9842.00 SEK Million [+]
GDP From Construction 71705.00 69545.00 72172.00 46438.00 SEK Million [+]
GDP From Manufacturing 168464.00 167529.00 183762.00 53939.00 SEK Million [+]
GDP From Mining 5183.00 5213.00 8564.00 4599.00 SEK Million [+]
GDP From Public Administration 218108.00 217953.00 218108.00 180706.00 SEK Million [+]
GDP From Services 557641.00 552941.00 557641.00 191612.00 SEK Million [+]
GDP From Transport 44008.00 43737.00 44008.00 24480.00 SEK Million [+]
GDP From Utilities 32595.00 28980.00 32595.00 15355.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 1.20 2.50 -3.70 1981 - 2019 percent Quarterly




Country Last Previous
United States 3.10 Mar/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
Russia -0.40 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19
Singapore -3.40 Jun/19


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