Sweden GDP Growth Rate  1981-2017 | Data | Chart | Calendar | Forecast

The Swedish economy advanced 0.8 percent on quarter in the three months to September 2017, easing from a downwardly revised 1.2 expansion in the previous period and matching market expectations. Growth was driven by fixed investment while household consumption rose at a softer pace and net external demand contributed negatively. 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 Expands 0.8% in Q3


The Swedish economy advanced 0.8 percent on quarter in the three months to September 2017, easing from a downwardly revised 1.2 expansion in the previous period and matching market expectations. Growth was driven by fixed investment while household consumption rose at a softer pace and net external demand contributed negatively.

Gross fixed capital formation grew sharply by 3.9 percent after an increase of 1.7 percent in the previous period; while changes in inventories subtracted 0.1 percentage points to the growth. Government spending went up 0.4 percent, following a 0.3 percent advance in Q2; and household consumption growth slowed to 0.4 percent in the third quarter from 0.8 percent in the previous period.

Net external demand contributed negatively, as imports jumped 1.6 percent (2 percent in Q2) while exports rose at a softer 0.7 percent (2.7 percent in Q2).

On the production side, production of goods increased by 0.7 percent (2.1 percent in Q2) and service-producing industries grew by 0.8 percent (0.9 percent in Q2). 

Employment measured as total number of hours worked increased by 0.5 percent seasonally adjusted and total number of persons employed rose by 0.4 percent.

Year-on-year, the GDP advanced 2.9 percent, following a downwardly revised 2.7 percent growth in the previous period and missing market expectations of 3.6 percent.

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/29/2017 8:53:10 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-28 07:30 AM GDP Growth Rate QoQ Flash 1.7% 0.6% 1% 0.8%
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 0.8%
2018-05-30 07:30 AM GDP Growth Rate QoQ
2018-07-28 07:30 AM GDP Growth Rate QoQ Flash


Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.20 2.50 -3.70 percent [+]
GDP Annual Growth Rate 2.90 2.70 7.70 -6.20 percent [+]
GDP 511.00 495.69 578.74 14.84 USD Billion [+]
GDP Constant Prices 1133653.00 1125076.00 1133653.00 503129.00 SEK Million [+]
Gross National Product 1150415.00 1172743.00 1195205.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 290343.00 279442.00 290343.00 96076.00 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 12530.00 12561.00 13215.00 9028.00 SEK Million [+]
Gdp From Construction 64107.00 62626.00 66386.00 40277.00 SEK Million [+]
Gdp From Manufacturing 152958.00 152699.00 172432.00 59992.00 SEK Million [+]
Gdp From Mining 4295.00 4341.00 6177.00 3518.00 SEK Million [+]
Gdp From Public Administration 199468.00 197889.00 199468.00 160899.00 SEK Million [+]
Gdp From Services 528163.00 524020.00 528163.00 188361.00 SEK Million [+]
Gdp From Transport 41200.00 41149.00 41276.00 22893.00 SEK Million [+]
Gdp From Utilities 28055.00 27895.00 29158.00 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.20 2.50 -3.70 1981 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17