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.