Sweden | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Sweden including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Sweden economy.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.00 0.5 0.6 0.6 0.7 0.9 percent [+]
Unemployment Rate 6.80 7.2 6.4 6.3 7.1 5.8 percent [+]
Inflation Rate 1.30 2.2 2.1 2.3 2.4 2.6 percent [+]
Interest Rate -0.50 -0.5 -0.5 -0.5 -0.5 0.5 percent [+]
Balance of Trade -800.00 -844 -827 -822 -821 -820 SEK million [+]
Government Debt to GDP 41.60 42.14 41.68 41.21 41.42 42.65 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 8.84 9.02 9.11 9.38 9.29 10.72 [+]
Stock Market 1626.99 1570 1550 1510 1520 1270 points [+]
Government Bond 10Y 0.58 0.61 0.61 0.62 0.62 0.72 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.00 0.5 0.6 0.6 0.7 0.9 percent [+]
GDP Annual Growth Rate 2.30 2.2 2 2.1 2.5 2.6 percent [+]
GDP 495.62 520 507 506 499 551 USD Billion [+]
GDP Constant Prices 1088859.00 1096478 1099660 1101169 1102493 1104156 SEK Million [+]
Gross National Product 1189693.00 1189650 1142997 1189606 1143040 1189348 SEK Million [+]
Gross Fixed Capital Formation 263797.00 265793 266093 266863 267040 268333 SEK Million [+]
GDP per capita 55163.60 54839 55259 55679 55728 57165 USD [+]
GDP per capita PPP 45488.29 45176 45498 45820 45846 46994 USD [+]
Gdp From Agriculture 12777.00 12800 12784 12794 12802 12801 SEK Million [+]
Gdp From Construction 58029.00 57870 57512 57297 57058 56811 SEK Million [+]
Gdp From Manufacturing 157266.00 156643 156851 156938 157277 157372 SEK Million [+]
Gdp From Mining 4043.00 4023 3994 3980 3983 3992 SEK Million [+]
Gdp From Public Administration 191673.00 192558 193097 193203 193533 194123 SEK Million [+]
Gdp From Services 496350.00 502716 505202 507537 509415 519748 SEK Million [+]
Gdp From Transport 40711.00 40694 40721 40693 40708 40703 SEK Million [+]
Gdp From Utilities 27383.00 27547 27521 27475 27461 27456 SEK Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 6.80 7.2 6.4 6.3 7.1 5.8 percent [+]
Employed Persons 5009.30 5037 5060 5081 5098 5171 Thousand [+]
Unemployed Persons 362.00 362 364 365 365 365 Thousand [+]
Long Term Unemployment Rate 1.20 1.13 1.09 1.09 1.07 0.99 percent [+]
Youth Unemployment Rate 17.20 17.29 17.22 17.12 17.03 16.71 percent [+]
Labour Costs 126.50 128 128 129 130 139 Index Points [+]
Job Vacancies 1369.00 975 834 1082 1099 1021 Hundred [+]
Wages 166.30 166 166 166 166 166 SEK/Hour [+]
Wages in Manufacturing 175.30 175 175 175 175 175 SEK/Hour [+]
Population 9.85 9.77 9.8 9.83 9.83 10.12 Million [+]
Retirement Age Women 65.00 65 65 65 65 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Change 0.60 0.36 0.47 0.38 0.28 0.26 percent [+]
Employment Rate 67.20 66.56 66.25 66.11 66.04 65.98 percent [+]
Full Time Employment 3606.10 3658 3742 3647 3594 3687 Thousand [+]
Productivity 106.10 104 114 107 104 108 Index Points [+]
Wages Low Skilled 20600.00 21533 21533 21533 21533 21533 SEK/Month [+]
Wages High Skilled 33900.00 33405 33932 33512 34386 35285 SEK/Month [+]
Part Time Employment 1133.90 1134 1107 1132 1124 1127 Thousand [+]
Labor Force Participation Rate 64.40 65.76 65.37 64.47 64.8 64.64 percent [+]
Living Wage Family 12691.40 14020 14026 14026 14026 14026 SEK/Month [+]
Living Wage Individual 11046.10 11394 11467 11440 11450 11447 SEK/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.30 2.2 2.1 2.3 2.4 2.6 percent [+]
Inflation Rate Mom 0.00 0.02 0.1 0.09 0.1 0.1 percent [+]
Harmonised Consumer Prices 102.25 102 102 102 102 102 Index Points [+]
Consumer Price Index CPI 319.68 320 321 322 322 329 Index Points [+]
Core Consumer Prices 208.82 209 210 211 211 218 Index Points [+]
Core Inflation Rate 1.47 1.5 1.46 1.46 1.46 1.46 percent [+]
Producer Prices 118.80 123 125 127 129 149 Index Points [+]
Producer Prices Change 6.50 9.1 7.6 5.1 4.2 2.5 percent [+]
Export Prices 113.70 114 114 114 114 114 Index Points [+]
Import Prices 111.70 112 112 112 112 112 Index Points [+]
Food Inflation 1.60 1.74 1.71 1.71 1.71 1.71 percent [+]
Cpi Transportation 427.42 426 426 426 426 426 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate -0.50 -0.5 -0.5 -0.5 -0.5 0.5 percent [+]
Interbank Rate -0.48 -0.41 -0.37 -0.35 -0.33 -0.31 percent [+]
Money Supply M0 56540.00 57195 56512 57203 56524 57208 SEK Million [+]
Money Supply M3 3070071.00 3134563 3175364 3215514 3255264 3666746 SEK Million [+]
Banks Balance Sheet 13341925.00 13096147 13671528 13712712 13983199 13944597 SEK Million [+]
Foreign Exchange Reserves 524899.00 525014 525765 525666 525655 525660 SEK Million [+]
Loans to Private Sector 1322931.00 1339188 1346727 1352740 1357709 1377523 SEK Million [+]
Deposit Interest Rate -1.25 -1.06 -1.02 -0.98 -0.96 -0.93 percent [+]
Central Bank Balance Sheet 854525.00 858634 858730 859049 859017 859041 SEK Million [+]
Private Debt to GDP 269.85 263 264 264 264 262 percent [+]
Money Supply M1 2513691.00 2584005 2635809 2686436 2736340 3262124 SEK Million [+]
Money Supply M2 2944067.00 3006353 3050270 3093337 3135955 3592203 SEK Million [+]
Loan Growth 7.20 7.14 7.11 7.08 7.06 6.97 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -800.00 -844 -827 -822 -821 -820 SEK million [+]
Exports 119200.00 109531 113117 108705 110540 109557 SEK million [+]
Imports 120000.00 111084 113699 110006 111799 111363 SEK million [+]
Current Account 64.30 44.74 60.74 59.08 52.69 55.31 SEK Billion [+]
Current Account to GDP 5.00 5.8 4.97 4.83 4.84 4.83 percent [+]
External Debt 133498.00 132292 132121 132096 132092 132092 SEK Million [+]
Terms of Trade 101.79 102 102 102 102 102 Index Points [+]
Foreign Direct Investment 167677.00 107541 123242 138943 132323 100539 SEK million [+]
Capital Flows 19.00 26.4 20.41 18.47 16.66 16.91 SEK Billion [+]
Remittances 83.00 90.65 94.68 92.22 88.58 92.06 EUR Million [+]
Gold Reserves 125.72 126 126 126 126 126 Tonnes [+]
Crude Oil Production 0.00 0 0 0 0 0 BBL/D/1K [+]
Terrorism Index 3.98 3.21 3.41 3.62 3.6 3.51 [+]
Weapons Sales 186.00 343 342 341 336 420 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 41.60 42.14 41.68 41.21 41.42 42.65 percent [+]
Government Budget 0.90 -0.5 1.06 -0.5 1.05 0.9 percent of GDP [+]
Government Budget Value -9105.00 -8666 -946 446 927 1080 SEK Million [+]
Government Spending 280180.00 281885 282396 283184 283784 291082 SEK Million [+]
Government Spending to GDP 50.00 50.08 49.99 49.89 49.74 48.53 percent [+]
Government Revenues 77674.00 75390 78754 79874 80114 80186 SEK Million [+]
Government Debt 1332410.00 1332434 1332329 1332326 1332327 1332327 SEK Million [+]
Fiscal Expenditure 86779.00 78666 77437 76737 76937 77004 SEK Million [+]
Asylum Applications 1305.00 5662 5977 5492 5328 5409 persons [+]
Military Expenditure 6578.40 6495 6513 6532 6538 6615 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 108.60 108 108 108 108 108 [+]
Manufacturing PMI 65.20 66.07 66.49 66.64 66.68 66.7 [+]
Services Pmi 61.30 54.4 60.89 53.6 60.89 52.2 Index Points [+]
Industrial Production 4.10 4.1 5.25 2.5 5.32 1.4 percent [+]
Industrial Production Mom 0.20 0.9 0.14 0.4 0.08 0.4 percent [+]
Manufacturing Production 4.10 4.45 4.64 4.65 4.65 4.65 percent [+]
Capacity Utilization 89.60 0.2 0.2 89.45 89.14 88.06 percent [+]
New Orders 98.90 97.79 98.22 98.09 98.39 98.59 Index Points [+]
Changes in Inventories -9637.00 253 15134 -6330 14421 -748 SEK Million [+]
Bankruptcies 616.00 569 578 575 576 576 Companies [+]
Car Registrations 39476.00 32948 34238 32185 33225 33047 Cars [+]
Competitiveness Index 5.53 5.5 5.5 5.5 5.55 5.51 Points [+]
Competitiveness Rank 6.00 7 7 7 6 6 [+]
Ease of Doing Business 9.00 10 10 11 10 6 [+]
Electricity Production 14649.00 11505 11711 13762 13595 12956 Gigawatt-hour [+]
Corruption Index 88.00 89 89 89 89 89 Points [+]
Corruption Rank 4.00 4 4 4 4 4 [+]
Steel Production 432.25 377 382 382 382 382 Thousand Tonnes [+]
Mining Production 1.50 6.4 6.52 6.54 6.53 6.53 percent [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 103.40 103 103 103 103 103 [+]
Retail Sales MoM -0.40 0.21 0.24 0.23 0.22 0.22 percent [+]
Retail Sales YoY 1.90 2.17 2.23 2.23 2.23 2.23 percent [+]
Consumer Spending 483458.00 485307 486275 486598 487583 489942 SEK Million [+]
Disposable Personal Income 492622.00 507930 508483 508387 508404 508401 SEK million [+]
Personal Savings 10.54 29.34 15.66 10.7 16.71 10.96 percent [+]
Private Sector Credit 7.09 7.1 7.1 7.1 7.1 7.1 percent [+]
Gasoline Prices 1.46 1.45 1.45 1.45 1.45 1.45 USD/Liter [+]
Household Spending -0.10 0.19 0.18 0.18 0.17 0.17 percent [+]
Households Debt To Gdp 85.30 86.55 86.72 87.09 87.19 88.49 percent of GDP [+]
Households Debt To Income 156.87 158 160 163 163 168 percent [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Construction Output 13.20 10.77 11.5 11.64 11.34 11.46 percent [+]
Housing Index 238.45 242 247 251 256 300 Index points [+]
Home Ownership Rate 70.60 69.67 69.86 70.05 69.97 69.29 percent [+]
Housing Starts 14.58 14.4 14.23 14.96 14.57 14.91 Thousand [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 22.00 22.36 22.36 22.36 21.72 21.79 percent [+]
Personal Income Tax Rate 57.10 56.79 56.8 56.82 56.77 56.07 percent [+]
Sales Tax Rate 25.00 25 25 25 25 25 percent [+]
Social Security Rate 38.42 38.49 38.49 38.49 38.51 38.7 percent [+]
Social Security Rate For Companies 31.42 31.49 31.49 31.49 31.51 31.7 percent [+]
Social Security Rate For Employees 7.00 7 7 7 7 7 percent [+]