Sweden's economy expanded by 4.7 percent year-on-year in the third quarter of 2021, following a revised 10.0 percent growth in the previous three-month period. source: Statistics Sweden

GDP Annual Growth Rate in Sweden averaged 2.19 percent from 1982 until 2021, reaching an all time high of 10 percent in the second quarter of 2021 and a record low of -8 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 January of 2022.

GDP Annual Growth Rate in Sweden is expected to be 3.80 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 3.20 percent in 2022 and 1.30 percent in 2023, according to our econometric models.

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Sweden GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-28 07:30 AM YoY Flash Q3 4.7% 9.7% 2.5%
2021-11-29 08:30 AM YoY Final Q3 4.7% 10.0% 4.4% 4.7%
2022-01-28 08:30 AM YoY Flash Q4 4.7% 4%


Related Last Previous Unit Reference
GDP Growth Rate 2.00 1.00 percent Sep/21
GDP Annual Growth Rate 4.70 10.00 percent Sep/21
GDP Constant Prices 1317606.00 1292021.00 SEK Million Sep/21
Gross National Product 1346934.00 1398106.00 SEK Million Sep/21
Gross Fixed Capital Formation 335773.00 327257.00 SEK Million Sep/21
GDP From Utilities 30405.00 29577.00 SEK Million Sep/21
GDP From Transport 43710.00 43151.00 SEK Million Sep/21
GDP From Services 618648.00 604470.00 SEK Million Sep/21
GDP From Public Administration 236541.00 236554.00 SEK Million Sep/21
GDP From Mining 7754.00 8009.00 SEK Million Sep/21
GDP From Manufacturing 166812.00 161356.00 SEK Million Sep/21
GDP From Construction 75634.00 74335.00 SEK Million Sep/21
GDP From Agriculture 17498.00 17330.00 SEK Million Sep/21
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.