Sweden | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.00 0.5 0.5 0.6 0.6 0.9 percent [+]
Unemployment Rate 7.40 6.8 6.7 6.2 6.3 5.8 percent [+]
Inflation Rate 1.80 2 2.2 2.1 2.3 2.6 percent [+]
Interest Rate -0.50 -0.5 -0.5 -0.5 -0.5 0.5 percent [+]
Balance of Trade 1500.00 -898 -701 -651 -642 -640 SEK million [+]
Government Debt to GDP 43.40 44.81 44.17 43.52 42.88 44.8 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 8.78 9.14 9.23 9.32 9.5 10.86 [+]
Stock Market 1574.51 1580 1560 1540 1510 1270 points [+]
Government Bond 10Y 0.68 0.54 0.54 0.55 0.55 0.64 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.00 0.5 0.5 0.6 0.6 0.9 percent [+]
GDP Annual Growth Rate 2.30 4 3.6 2.8 2.4 2.6 percent [+]
GDP 495.62 498 517 505 506 551 USD Billion [+]
GDP Constant Prices 1088859.00 1092872 1096478 1099660 1101169 1104156 SEK Million [+]
Gross National Product 1189693.00 1142954 1189650 1142997 1189606 1189348 SEK Million [+]
Gross Fixed Capital Formation 263797.00 265443 265793 266093 266863 268333 SEK Million [+]
GDP per capita 55186.04 54481 54913 55344 55776 58349 USD [+]
GDP per capita PPP 45459.08 44828 45168 45507 45847 47876 USD [+]
Gdp From Agriculture 12777.00 12717 12800 12784 12794 12801 SEK Million [+]
Gdp From Construction 58029.00 58033 57870 57512 57297 56811 SEK Million [+]
Gdp From Manufacturing 157266.00 156461 156643 156851 156938 157372 SEK Million [+]
Gdp From Mining 4043.00 4013 4023 3994 3980 3992 SEK Million [+]
Gdp From Public Administration 191673.00 192174 192558 193097 193203 194123 SEK Million [+]
Gdp From Services 496350.00 499844 502716 505202 507537 519748 SEK Million [+]
Gdp From Transport 40711.00 40698 40694 40721 40693 40703 SEK Million [+]
Gdp From Utilities 27383.00 27388 27547 27521 27475 27456 SEK Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.40 6.8 6.7 6.2 6.3 5.8 percent [+]
Employed Persons 4993.00 4980 5008 5028 5044 5105 Thousand [+]
Unemployed Persons 392.00 385 375 370 371 371 Thousand [+]
Long Term Unemployment Rate 1.20 1.18 1.13 1.09 1.09 0.99 percent [+]
Youth Unemployment Rate 18.50 18.65 18.46 18.38 18.35 18.25 percent [+]
Labour Costs 126.00 127 127 128 129 138 Index Points [+]
Job Vacancies 1354.00 1250 880 846 1059 978 Hundred [+]
Wages 166.80 166 166 166 166 166 SEK/Hour [+]
Wages in Manufacturing 175.90 175 175 175 175 175 SEK/Hour [+]
Population 9.85 9.74 9.77 9.8 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 -0.30 -0.24 -0.26 -0.07 -0.03 0.14 percent [+]
Employment Rate 66.20 66.06 65.96 65.9 65.88 65.86 percent [+]
Full Time Employment 3606.10 3558 3658 3742 3647 3687 Thousand [+]
Productivity 106.10 103 104 114 107 108 Index Points [+]
Wages Low Skilled 20600.00 21533 21533 21533 21533 21533 SEK/Month [+]
Wages High Skilled 33900.00 35408 33405 33932 33512 35285 SEK/Month [+]
Part Time Employment 1133.90 1129 1134 1107 1132 1127 Thousand [+]
Labor Force Participation Rate 64.40 64.67 65.76 65.37 64.47 64.64 percent [+]
Living Wage Family 12691.40 14117 14020 14026 14026 14026 SEK/Month [+]
Living Wage Individual 11046.10 11593 11394 11467 11440 11447 SEK/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.80 2 2.2 2.1 2.3 2.6 percent [+]
Inflation Rate Mom 0.70 0.15 0.02 0.12 0.1 0.11 percent [+]
Harmonised Consumer Prices 102.25 102 102 102 102 102 Index Points [+]
Consumer Price Index CPI 319.73 320 321 321 322 330 Index Points [+]
Core Consumer Prices 208.84 209 210 210 211 218 Index Points [+]
Core Inflation Rate 1.64 1.6 1.65 1.65 1.65 1.65 percent [+]
Producer Prices 119.80 121 123 125 127 141 Index Points [+]
Producer Prices Change 8.20 3.8 3.6 3.2 2.8 2.5 percent [+]
Export Prices 115.50 116 117 118 118 118 Index Points [+]
Import Prices 114.40 115 115 115 115 115 Index Points [+]
Food Inflation 2.10 2.17 2.31 2.34 2.35 2.35 percent [+]
Cpi Transportation 430.84 431 430 430 430 430 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate -0.50 -0.5 -0.5 -0.5 -0.5 0.5 percent [+]
Interbank Rate -0.50 -0.48 -0.44 -0.41 -0.4 -0.37 percent [+]
Money Supply M0 57871.00 58839 59270 58534 59196 59193 SEK Million [+]
Money Supply M3 3104135.00 3117311 3170003 3215767 3260447 3757564 SEK Million [+]
Banks Balance Sheet 13066157.00 11093624 11358460 11849022 11765216 11945024 SEK Million [+]
Foreign Exchange Reserves 531490.00 532376 531676 531764 531754 531754 SEK Million [+]
Loans to Private Sector 1351919.00 1348554 1368372 1383189 1395629 1448129 SEK Million [+]
Deposit Interest Rate -1.25 -1.12 -1.06 -1.02 -0.98 -0.93 percent [+]
Central Bank Balance Sheet 855341.00 851557 855147 854774 855133 855091 SEK Million [+]
Private Debt to GDP 269.85 262 263 264 264 262 percent [+]
Money Supply M1 2526589.00 2551395 2609105 2664181 2718110 3335377 SEK Million [+]
Money Supply M2 2960969.00 2980092 3029256 3075702 3121181 3648122 SEK Million [+]
Loan Growth 7.20 7.18 7.14 7.11 7.08 6.97 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 1500.00 -898 -701 -651 -642 -640 SEK million [+]
Exports 103400.00 103559 106527 105028 106133 105983 SEK million [+]
Imports 101900.00 103363 107145 104644 106863 106190 SEK million [+]
Current Account 64.30 52.15 44.74 60.74 59.08 55.31 SEK Billion [+]
Current Account to GDP 5.00 5.8 5.8 4.97 4.83 4.83 percent [+]
External Debt 132851.00 132058 130577 130286 130252 130241 SEK Million [+]
Terms of Trade 100.96 101 101 101 101 101 Index Points [+]
Foreign Direct Investment 167677.00 91840 107541 123242 138943 100539 SEK million [+]
Capital Flows 19.00 22.73 26.4 20.41 18.47 16.91 SEK Billion [+]
Remittances 83.00 87.5 90.65 94.68 92.22 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 3.21 3.41 3.62 3.51 [+]
Weapons Sales 186.00 343 342 341 336 420 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 43.40 44.81 44.17 43.52 42.88 44.8 percent [+]
Government Budget 0.00 -0.5 -0.5 0.12 -0.5 0.9 percent of GDP [+]
Government Budget Value 8688.00 -15310 -6738 -1914 -630 -376 SEK Million [+]
Government Spending 280180.00 281454 281885 282396 283184 291082 SEK Million [+]
Government Spending to GDP 50.40 51.34 51.05 50.75 50.46 49.54 percent [+]
Government Revenues 85774.00 71589 75416 76461 76655 76650 SEK Million [+]
Government Debt 1329180.00 1329908 1329728 1329706 1329705 1329706 SEK Million [+]
Fiscal Expenditure 77086.00 80693 79246 76476 75968 76148 SEK Million [+]
Asylum Applications 1565.00 5726 6575 6061 5753 5861 persons [+]
Military Expenditure 6578.40 6495 6513 6532 6538 6615 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 109.00 110 110 110 110 110 [+]
Manufacturing PMI 60.90 61.82 62.09 62.17 62.2 62.21 [+]
Services Pmi 59.80 54.4 54.4 60.01 53.6 52.2 Index Points [+]
Industrial Production 1.30 4.1 4.1 1.04 2.5 1.4 percent [+]
Industrial Production Mom 2.00 0.9 0.9 0.14 0.4 0.4 percent [+]
Manufacturing Production 1.10 0.59 0.74 0.81 0.82 0.82 percent [+]
Capacity Utilization 89.60 0.2 0.2 0.2 89.45 88.06 percent [+]
New Orders 92.20 98.42 97.86 97.37 97.43 97.49 Index Points [+]
Changes in Inventories -9637.00 15791 253 15134 -6330 -748 SEK Million [+]
Bankruptcies 533.00 526 539 535 537 536 Companies [+]
Car Registrations 28484.00 32984 32090 30619 31349 31339 Cars [+]
Competitiveness Index 5.53 5.47 5.47 5.47 5.47 5.5 Points [+]
Competitiveness Rank 6.00 11.48 11.48 10.98 10.81 3.97 [+]
Ease of Doing Business 9.00 10.11 10.11 10.11 10.11 11.02 [+]
Electricity Production 14649.00 14334 11505 11711 13762 12956 Gigawatt-hour [+]
Corruption Index 88.00 89 89 89 89 89 Points [+]
Corruption Rank 4.00 4 4 4 4 4 [+]
Steel Production 375.73 370 377 377 377 377 Thousand Tonnes [+]
Mining Production 3.00 2.77 3.23 3.28 3.29 3.31 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 104.50 105 105 105 105 105 [+]
Retail Sales MoM 1.30 -0.11 0.22 0.22 0.21 0.21 percent [+]
Retail Sales YoY 2.20 1.78 1.98 2.02 2.02 2.01 percent [+]
Consumer Spending 483458.00 483681 485307 486275 486598 489942 SEK Million [+]
Disposable Personal Income 492622.00 511128 507930 508483 508387 508401 SEK million [+]
Personal Savings 16.01 18.25 18.25 18.25 18.25 18.25 percent [+]
Private Sector Credit 7.09 7.09 7.1 7.1 7.1 7.1 percent [+]
Gasoline Prices 1.47 1.45 1.45 1.45 1.45 1.45 USD/Liter [+]
Household Spending -2.10 -0.07 0.19 0.18 0.17 0.17 percent [+]
Households Debt To Gdp 85.30 86.1 86.55 86.72 87.09 88.49 percent of GDP [+]
Households Debt To Income 151.43 153 154 155 156 176 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output 10.10 12.25 11.15 11.43 11.41 11.49 percent [+]
Housing Index 236.62 238 242 246 251 299 Index points [+]
Home Ownership Rate 70.60 69.48 69.72 69.96 70.2 69.41 percent [+]
Housing Starts 14.58 14.03 14.4 14.23 14.96 14.91 Thousand [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 22.00 22 22 22 22 22 percent [+]
Personal Income Tax Rate 57.10 57.1 57.1 57.1 57.1 57.1 percent [+]
Sales Tax Rate 25.00 25 25 25 25 25 percent [+]
Social Security Rate 38.42 38.42 38.42 38.42 38.42 38.42 percent [+]
Social Security Rate For Companies 31.42 31.42 31.42 31.42 31.42 31.42 percent [+]
Social Security Rate For Employees 7.00 7 7 7 7 7 percent [+]





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. 3/28/2017