Markets Actual Q3 Q4 Q1 Q2 2023
Currency 10.52 10.49 10.68 10.88 11.08 11.49
Stock Market (points) 1896.81 1815 1756 1698 1643 1538
Government Bond 10Y (%) 1.54 1.75 1.92 2.12 2.33 2.82

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) -0.80 0.4 0.4 0.2 0.3 0.3
GDP Annual Growth Rate (%) 3.00 1.5 1 1.5 1.5 1.3
Unemployment Rate (%) 8.50 8.1 7.7 7.6 7.6 7
Inflation Rate (%) 7.30 7.2 6 5.2 4.5 3.7
Inflation Rate Mom (%) 1.00 0.3 0.3 0.4 0.4 0.3
Interest Rate (%) 0.75 1.5 2 2.25 2.25 1.5
Balance of Trade (SEK million) -1900.00 4200 1600 -2000 1800 1600
Current Account (SEK Billion) 57.50 54 45 46 46 48
Current Account to GDP (% of GDP) 5.20 6.5 6.5 5.8 5.8 5.8
Government Debt to GDP (% of GDP) 36.70 39 39 38 38 38
Government Budget (% of GDP) -0.20 -0.6 -0.6 0.5 0.5 0.5
Business Confidence (points) 111.60 110 111 108 108 106
Manufacturing PMI (points) 53.70 54 54.1 53.8 53.8 52.9
Services PMI (points) 62.80 54.9 55.1 55 55 54
Consumer Confidence (points) 65.50 109 110 109 109 105
Retail Sales MoM (%) -0.60 -1 0.5 0.7 0.7 0.6
Corporate Tax Rate (%) 20.60 22 20.6 20.6 20.6 20.6
Personal Income Tax Rate (%) 52.90 61.85 52.9 52.9 52.9 52.9

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) -0.80 0.4 0.4 0.2 0.3 0.3
GDP Annual Growth Rate (%) 3.00 1.5 1 1.5 1.5 1.3
GDP (USD Billion) 541.06 570 570 570 570 595
GDP Constant Prices (SEK Million) 1377350.00 1329490 1334487 1342830 1398010 1360287
Gross National Product (SEK Million) 1414526.00 1438651 1362601 1506696 1435744 1526283
Gross Fixed Capital Formation (SEK Million) 345863.00 336747 336504 334431 351051 338779
GDP per capita (USD) 51620.70 60590 60590 60590 60590 61990
GDP per capita PPP (USD) 50683.32 54480 54480 54480 54480 55050
Full Year GDP Growth (%) 4.80 3.4 3.4 2.9 2.9 2.9
GDP From Agriculture (SEK Million) 17390.00 17833 17561 17225 17310 17448
GDP From Construction (SEK Million) 82195.00 76491 75811 75502 75875 76483
GDP From Manufacturing (SEK Million) 173270.00 166035 169017 169420 170259 171623
GDP From Mining (SEK Million) 9810.00 8241 7882 7886 7925 7989
GDP From Public Administration (SEK Million) 241309.00 243414 240007 238506 239687 241607
GDP From Services (SEK Million) 643221.00 622000 627682 635442 638587 643702
GDP From Transport (SEK Million) 46958.00 44402 45106 45920 46147 46517
GDP From Utilities (SEK Million) 39480.00 30435 30768 30400 30550 30795

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 8.50 8.1 7.7 7.6 7.6 7
Long Term Unemployment Rate (%) 1.90 1.5 1.5 1.5 1.5 1.1
Labour Costs (points) 148.80 145 147 151 152 150
Wages (SEK/Hour) 185.00 183 187 187 189 192
Wages in Manufacturing (SEK/Hour) 198.00 196 199 198 203 203
Population (Million) 10.33 10.49 10.49 10.49 10.49 10.49
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 62.00 62 62 62 62 62
Wage Growth (%) 1.90 2.3 2.4 2.4 2.4 2.4

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 7.30 7.2 6 5.2 4.5 3.7
Inflation Rate Mom (%) 1.00 0.3 0.3 0.4 0.4 0.3
Consumer Price Index CPI (points) 365.82 368 371 374 379 387
Core Consumer Prices (points) 239.65 233 235 238 243 244
Core Inflation Rate (%) 7.20 3.7 3 2.8 2.8 2.5
Producer Prices (points) 133.70 117 120 124 134 128
Producer Prices Change (%) 24.40 3.4 2.9 2.9 2.9 2.9
Food Inflation (%) 8.80 3.1 3 3 3 1.7
Inflation Expectations (%) 10.60 2.4 2.2 2.2 2.2 2.1
CPI Housing Utilities (points) 460.77 458 471 486 480 504
CPI Transportation (points) 532.57 534 536 538 540 542

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 0.75 1.5 2 2.25 2.25 1.5
Interbank Rate (%) 0.79 1.54 2.04 2.29 2.29 2.29
Deposit Interest Rate (%) 0.15 0.9 1.4 1.65 1.65 1.65
Lending Rate (%) 0.35 1.1 1.6 1.85 1.85 1.85
Loan Growth (%) 6.50 4.5 4.2 4.2 4.2 3.6

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (SEK million) -1900.00 4200 1600 -2000 1800 1600
Current Account (SEK Billion) 57.50 54 45 46 46 48
Current Account to GDP (% of GDP) 5.20 6.5 6.5 5.8 5.8 5.8
Imports (SEK million) 171700.00 134600 134500 132700 132700 136800
Exports (SEK million) 169800.00 136200 132500 134500 134500 138400
Foreign Direct Investment (SEK Billion) 66.50 34 32.2 32.2 32.2 29

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 36.70 39 39 38 38 38
Government Budget (% of GDP) -0.20 -0.6 -0.6 0.5 0.5 0.5
Government Budget Value (SEK Million) 69179.00 -25400 6900 -98000 -98000 -99500
Government Spending (SEK Million) 351905.00 353707 330000 346493 357184 350997
Government Spending to GDP (% of GDP) 52.90 51 51 51 51 51
Government Revenues (SEK Million) 158771.00 87900 68000 68000 68000 72500
Fiscal Expenditure (SEK Million) 89592.00 81000 166000 166000 166000 172000

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 20.60 22 20.6 20.6 20.6 20.6
Personal Income Tax Rate (%) 52.90 61.85 52.9 52.9 52.9 52.9
Sales Tax Rate (%) 25.00 25 25 25 25 25
Social Security Rate (%) 38.42 38.42 38.42 38.42 38.42 38.42
Social Security Rate For Companies (%) 31.42 31.42 31.42 31.42 31.42 31.42
Social Security Rate For Employees (%) 7.00 7 7 7 7 7

Business Actual Q3 Q4 Q1 Q2 2023
Business Confidence (points) 111.60 110 111 108 108 106
Manufacturing PMI (points) 53.70 54 54.1 53.8 53.8 52.9
Services PMI (points) 62.80 54.9 55.1 55 55 54
Industrial Production (%) 0.20 3.8 3.6 3.6 3.6 2.5
Industrial Production Mom (%) 0.50 -0.6 0.7 0.7 0.7 0.4
Manufacturing Production (%) 0.70 4 3.4 3.4 3.4 2.6
Business Inventories (SEK Million) 4239.00 -2800 -3200 -3200 -3200 -2400

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) 65.50 109 110 109 109 105
Retail Sales MoM (%) -0.60 -1 0.5 0.7 0.7 0.6
Retail Sales YoY (%) -2.30 4.3 3.8 3.8 3.8 2.3
Consumer Spending (SEK Million) 613999.00 586382 593951 599387 623209 607179
Disposable Personal Income (SEK Million) 645530.00 705097 613903 639058 655213 647366
Household Spending MoM (%) 0.70 -1 0.5 0.6 0.6 0.4
Household Spending (%) 5.20 -1 0.5 0.5 0.4 0.4
Gasoline Prices (USD/Liter) 2.22 2.3 2.38 2.47 2.56 2.56


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Sweden Forecast - was last updated on Wednesday, July 6, 2022.