Sweden's economy contracted 0.3 percent on quarter in the first three months of 2020, following a downwardly revised 0.1 percent expansion in the previous period, a preliminary estimate showed. Exports contributed positively to GDP, while decreases in gross fixed capital formation and changes in inventories weighed down growth. The contraction is expected to deepen in the April-June period when the full effects of the coronavirus outbreak will be felt. Sweden did not follow other European countries with a complete lockdown. The country closed down relatively late and a little less strictly than in other countries.
GDP Growth Rate in Sweden averaged 0.56 percent from 1981 until 2020, reaching an all time high of 3.50 percent in the first quarter of 2010 and a record low of -3.80 percent in the fourth quarter of 2008. 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 May of 2020. source: Statistics Sweden
GDP Growth Rate in Sweden is expected to be -9.20 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 1.40 in 12 months time. In the long-term, the Sweden GDP Growth Rate is projected to trend around 0.90 percent in 2021 and 0.40 percent in 2022, according to our econometric models.