The Swedish economy expanded 1.1% year-on-year in the fourth quarter of 2024, in line with expectations and accelerating from a 0.7% rise in the previous period. This marks the sharpest economic growth since the first quarter of 2023. source: Statistics Sweden

GDP Annual Growth Rate in Sweden averaged 2.14 percent from 1982 until 2024, reaching an all time high of 10.40 percent in the second quarter of 2021 and a record low of -8.10 percent in the second quarter of 2020. This page provides - Sweden GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2025.

GDP Annual Growth Rate in Sweden is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden GDP Annual Growth Rate is projected to trend around 2.90 percent in 2026 and 2.50 percent in 2027, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-29 07:00 AM YoY Final Q3 0.7% 0.4% 0.1% -0.1%
2025-01-29 07:00 AM YoY Flash Q4 1.1% 0.7% 1.1% 0.5%
2025-02-28 07:00 AM YoY Final Q4 0.7% 1.1% 1.1%


Related Last Unit Reference
Full Year GDP Growth 0.60 percent Dec 2024
GDP Growth Rate YoY 1.10 percent Dec 2024
GDP Constant Prices 1562737.00 SEK Million Sep 2024
GDP from Agriculture 14140.00 SEK Million Sep 2024
GDP from Construction 85452.00 SEK Million Sep 2024
GDP from Manufacturing 195274.00 SEK Million Sep 2024
GDP from Mining 8299.00 SEK Million Sep 2024
GDP from Public Administration 129171.00 SEK Million Sep 2024
GDP from Services 703030.00 SEK Million Sep 2024
GDP from Transport 39044.00 SEK Million Sep 2024
GDP from Utilities 37810.00 SEK Million Sep 2024
GDP Growth Rate 0.20 percent Dec 2024
Gross Fixed Capital Formation 381836.00 SEK Million Sep 2024
Gross National Product 1612197.00 SEK Million Sep 2024

Sweden GDP Annual Growth Rate
Sweden has an economy heavily oriented toward foreign trade with timber, hydro-power, and iron ore constituting its resource base. Engineering sector accounts for about 50 percent of output and exports. On the expenditure side, household consumption is the main component of 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.
Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.70 10.40 -8.10 1982 - 2024 percent Quarterly
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