The Gross Domestic Product (GDP) in Sweden expanded 3 percent in the first quarter of 2022 over the same quarter of the previous year. source: Statistics Sweden

GDP Annual Growth Rate in Sweden averaged 2.21 percent from 1982 until 2022, 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 July of 2022.

GDP Annual Growth Rate in Sweden is expected to be 2.90 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 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
2022-04-28 06:00 AM YoY Flash Q1 3% 5.2% 3.1%
2022-05-30 06:00 AM YoY Final Q1 3% 5.2% 3.5% 3%
2022-07-28 06:00 AM YoY Flash Q2 2.9%


Related Last Previous Unit Reference
GDP Growth Rate -0.80 1.10 percent Mar 2022
GDP Annual Growth Rate 3.00 5.20 percent Mar 2022
GDP Constant Prices 1377350.00 1329535.00 SEK Million Mar 2022
Gross National Product 1414526.00 1491778.00 SEK Million Mar 2022
Gross Fixed Capital Formation 345863.00 331120.00 SEK Million Mar 2022
Full Year GDP Growth 4.80 -2.80 percent Dec 2021
GDP From Utilities 39480.00 30099.00 SEK Million Mar 2022
GDP From Transport 46958.00 45465.00 SEK Million Mar 2022
GDP From Services 643221.00 629150.00 SEK Million Mar 2022
GDP From Public Administration 241309.00 236145.00 SEK Million Mar 2022
GDP From Mining 9810.00 7808.00 SEK Million Mar 2022
GDP From Manufacturing 173270.00 167743.00 SEK Million Mar 2022
GDP From Construction 82195.00 74754.00 SEK Million Mar 2022
GDP From Agriculture 17390.00 17054.00 SEK Million Mar 2022

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
3.00 5.20 10.00 -8.00 1982 - 2022 percent Quarterly
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