Sweden GDP Growth Rate 1981-2018 | Data | Chart | Calendar | Forecast

The Swedish economy advanced by 0.7 percent on quarter in the first three months of 2018, the same pace as in the previous three-month period and above market expectations of a 0.5 percent rise. Household consumption rose faster and fixed investment rebounded. GDP Growth Rate in Sweden averaged 0.57 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.

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Swedish GDP Grows 0.7% QoQ in Q1

The Swedish economy advanced by 0.7 percent on quarter in the first three months of 2018, the same pace as in the previous three-month period and above market expectations of a 0.5 percent rise. Household consumption rose faster and fixed investment rebounded.

Household consumption went up by 0.8 percent in the first quarter of 2018, following a 0.7 percent increase in the previous period. Also, gross fixed capital formation rebounded significantly (2.8 percent vs -0.8 percent in Q4) and changes in inventories added 0.1 percentage points to GDP growth. Meanwhile, government spending rose at a softer 0.1 percent (0.2 percent in Q4).

Net external demand contributed negatively, as exports fell 0.2 percent (2.0 percent in Q4) while imports advanced 1.0 percent (the same pace as in Q4).

On the production side, production of goods went up by 1.1 percent (1.3 percent in Q4) and service producing industries rose by 1.2 percent (0.6 percent in Q4).

Employment, measured as the total number of hours worked, was unchanged, and the total number of persons employed increased by 0.6 percent, seasonally adjusted.

Year-on-year, the GDP grew 3.3 percent after a downwardly revised 2.9 percent in the fourth quarter, but slightly below market estimates of 3.4 percent.

Statistics Sweden | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/30/2018 8:19:40 AM

Recent Releases

Swedish Economy Grows 0.9% in Q4
The Swedish economy grew by 0.9 percent on quarter in the last three months of 2017, following a 0.8 percent expansion in the previous period and missing market expectations of 1 percent.
Published on 2018-02-28

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.
Published on 2017-11-29

Swedish Q2 GDP Growth Revised Down to 1.3%
The Swedish economy advanced 1.3 percent on quarter in the three months to June 2017, below the preliminary estimate of 1.7 percent and following a 0.6 growth in the previous period, final figures showed. It was the strongest pace of expansion since the last quarter of 2015, mainly boosted by net exports and government spending.
Published on 2017-09-13

Swedish Q2 GDP Growth Strongest Since 2010
The Swedish economy advanced 1.7 percent on quarter in the three months to June 2017, beating market expectations of 1 percent and following an upwardly revised 0.6 growth in the previous period, the preliminary estimate showed. It was the strongest pace of expansion since the last quarter of 2010, mainly boosted by fixed investment and household consumption.
Published on 2017-07-28

Calendar	GMT		Actual	Previous	Consensus	TEForecast
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	0.9%	0.8%	1%	1.1%
2018-05-30	07:30 AM	GDP Growth Rate QoQ	0.7%	0.7%	0.5%	0.8%
2018-07-30	07:30 AM	GDP Growth Rate QoQ Flash		0.7%		0.6%
2018-09-13	07:30 AM	GDP Growth Rate QoQ Final
2018-11-29	08:30 AM	GDP Growth Rate QoQ				0.5%

Sweden GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.70	0.70	2.50	-3.70	percent	[+]
GDP Annual Growth Rate	3.30	2.90	7.80	-6.20	percent	[+]
GDP	511.00	495.69	578.74	14.84	USD Billion	[+]
GDP Constant Prices	1171984.00	1163551.00	1171984.00	513632.00	SEK Million	[+]
Gross National Product	1171746.00	1241985.00	1241985.00	140327.00	SEK Million	[+]
Gross Fixed Capital Formation	299133.00	291099.00	299133.00	98177.00	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	12876.00	12769.00	13274.00	9028.00	SEK Million	[+]
Gdp From Construction	67091.00	65126.00	67742.00	40277.00	SEK Million	[+]
Gdp From Manufacturing	160392.00	159736.00	175081.00	60896.00	SEK Million	[+]
Gdp From Mining	5424.00	5441.00	7660.00	4262.00	SEK Million	[+]
Gdp From Public Administration	205967.00	207009.00	207009.00	160899.00	SEK Million	[+]
Gdp From Services	542161.00	535739.00	542161.00	188361.00	SEK Million	[+]
Gdp From Transport	42979.00	42671.00	42979.00	22893.00	SEK Million	[+]
Gdp From Utilities	29807.00	29644.00	30855.00	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 June of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.70	0.70	2.50	-3.70	1981 - 2018	percent	Quarterly

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GDP growth rate by Country

Country	Last		Previous	Highest	Lowest
United States	2.20	Mar/18	2.9	16.9	-10	%	Quarterly
Turkey	2.00	Mar/18	1.7	5.6	-5.2	%	Quarterly
India	1.90	Mar/18	1.8	5.4	-1.7	%	Quarterly
China	1.40	Mar/18	1.6	2.4	1.3	%	Quarterly
Mexico	1.10	Mar/18	0.9	3.2	-5.7	%	Quarterly
Australia	1.00	Mar/18	0.5	4.4	-2	%	Quarterly
South Korea	1.00	Mar/18	-0.2	7.8	-7	%	Quarterly
Spain	0.70	Mar/18	0.7	1.6	-1.6	%	Quarterly
Switzerland	0.60	Mar/18	0.6	2.3	-1.6	%	Quarterly
Netherlands	0.50	Mar/18	0.8	1.7	-3.2	%	Quarterly
Brazil	0.40	Mar/18	0.2	3.6	-4.1	%	Quarterly
Euro Area	0.40	Mar/18	0.7	1.3	-2.9	%	Quarterly
Canada	0.30	Mar/18	0.4	3.1	-2.3	%	Quarterly
Germany	0.30	Mar/18	0.6	4	-4.5	%	Quarterly
Italy	0.30	Mar/18	0.4	6	-2.8	%	Quarterly
France	0.20	Mar/18	0.7	7.7	-5	%	Quarterly
United Kingdom	0.10	Mar/18	0.4	5	-2.7	%	Quarterly
Japan	-0.20	Mar/18	0.3	3.2	-4.9	%	Quarterly
Russia	-0.38	Dec/17	0.04	4.1	-5.4	%	Quarterly
Indonesia	-0.42	Mar/18	-1.7	4.01	-3.57	%	Quarterly