Sweden | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.50 0.5 0.5 0.6 0.6 0.9 percent [+]
Unemployment Rate 6.20 6.8 6.7 6.2 6.3 5.8 percent [+]
Inflation Rate 1.70 1.6 1.5 1.7 1.7 2.7 percent [+]
Interest Rate -0.50 -0.5 -0.5 -0.5 -0.5 0.5 percent [+]
Balance of Trade -1100.00 -671 -763 -777 -779 -779 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 8.89 9.39 9.49 9.58 9.67 11.05 [+]
Stock Market 1525.49 1500 1490 1470 1460 1230 points [+]
Government Bond 10Y 0.69 0.57 0.58 0.58 0.64 0.67 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.50 0.5 0.5 0.6 0.6 0.9 percent [+]
GDP Annual Growth Rate 2.80 4 3.6 2.8 2.4 2.6 percent [+]
GDP 495.62 498 517 505 506 551 USD Billion [+]
GDP Constant Prices 1080714.00 1079828 1081431 1083744 1086804 1137426 SEK Million [+]
Gross National Product 1089343.00 1108439 1147607 1122995 1198516 1302058 SEK Million [+]
Gross Fixed Capital Formation 263229.00 266184 267804 268357 269019 284229 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 12573.00 12490 12594 12730 12718 13241 SEK Million [+]
Gdp From Construction 58449.00 58489 58589 58591 58392 57616 SEK Million [+]
Gdp From Manufacturing 157250.00 155736 154569 154364 154149 155441 SEK Million [+]
Gdp From Mining 3974.00 3935 3917 3912 3895 3913 SEK Million [+]
Gdp From Public Administration 190370.00 190685 190949 190948 191173 191400 SEK Million [+]
Gdp From Services 492289.00 495395 498661 501254 503367 516101 SEK Million [+]
Gdp From Transport 40535.00 40843 40980 41150 41280 42781 SEK Million [+]
Gdp From Utilities 26979.00 27110 27201 27335 27343 27291 SEK Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 6.20 6.8 6.7 6.2 6.3 5.8 percent [+]
Employed Persons 4947.00 4962 4977 4988 4997 5032 Thousand [+]
Unemployed Persons 328.00 342 342 342 342 342 Thousand [+]
Long Term Unemployment Rate 1.30 1.2 1.15 1.12 1.12 1.03 percent [+]
Youth Unemployment Rate 17.70 17.25 17.1 16.96 16.85 16.47 percent [+]
Labour Costs 125.30 126 127 128 128 137 Index Points [+]
Job Vacancies 869.00 921 853 827 868 859 Hundred [+]
Wages 166.00 165 165 165 165 165 SEK/Hour [+]
Wages in Manufacturing 175.00 174 174 174 174 174 SEK/Hour [+]
Population 9.75 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 67.30 66.4 66.12 65.99 65.92 65.86 percent [+]
Full Time Employment 3705.20 3546 3648 3734 3630 3663 Thousand [+]
Wages High Skilled 33900.00 35408 33405 33932 33512 35285 SEK/Month [+]
Wages Low Skilled 20600.00 21533 21533 21533 21533 21533 SEK/Month [+]
Productivity 113.70 104 104 114 108 110 Index Points [+]
Part Time Employment 1096.60 1120 1125 1100 1119 1115 Thousand [+]
Labor Force Participation Rate 65.30 64.45 65.66 65.25 64.18 64.35 percent [+]
Living Wage Family 19700.00 19594 19665 19618 19649 19636 SEK/Month [+]
Living Wage Individual 12600.00 12369 12506 12424 12473 12455 SEK/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.70 1.6 1.5 1.7 1.7 2.7 percent [+]
Inflation Rate Mom 0.50 0.1 0.08 0.08 0.08 0.08 percent [+]
Harmonised Consumer Prices 102.28 102 102 102 102 102 Index Points [+]
Consumer Price Index CPI 319.68 319 319 320 320 326 Index Points [+]
Core Consumer Prices 208.82 208 209 210 210 217 Index Points [+]
Core Inflation Rate 1.94 1.63 1.65 1.66 1.66 1.66 percent [+]
Producer Prices 116.70 118 119 119 120 120 Index Points [+]
Producer Prices Change 3.60 3.8 3.6 3.2 2.8 2.5 percent [+]
Export Prices 112.30 114 114 114 114 114 Index Points [+]
Import Prices 109.80 110 110 110 110 110 Index Points [+]
Food Inflation 1.60 0.55 0.54 0.55 0.55 0.55 percent [+]
Cpi Transportation 431.31 420 420 420 420 420 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 -0.56 -0.61 -0.61 -0.62 -0.62 -0.63 percent [+]
Money Supply M0 60720.00 60686 61359 60679 61357 61357 SEK Million [+]
Money Supply M3 3001842.00 3049203 3084845 3120016 3154874 3551297 SEK Million [+]
Banks Balance Sheet 10203528.00 10103940 10079060 10136202 10101644 10120347 SEK Million [+]
Foreign Exchange Reserves 538445.00 518432 519392 519164 519160 519169 SEK Million [+]
Loans to Private Sector 1306116.00 1316367 1320287 1323339 1325830 1335765 SEK Million [+]
Deposit Interest Rate -1.25 -1.12 -1.06 -1.02 -0.98 -0.93 percent [+]
Central Bank Balance Sheet 844791.00 822338 822426 822285 822384 822356 SEK Million [+]
Private Debt to GDP 269.85 262 263 264 264 262 percent [+]
Money Supply M1 2471434.00 2542533 2593655 2644683 2695490 3281805 SEK Million [+]
Money Supply M2 2903568.00 2961108 3003491 3045739 3087850 3580917 SEK Million [+]
Loan Growth 7.20 7.03 6.95 6.89 6.84 6.65 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -1100.00 -671 -763 -777 -779 -779 SEK million [+]
Exports 113400.00 102214 100632 101805 101091 102006 SEK million [+]
Imports 114500.00 101240 102626 102944 103763 103516 SEK million [+]
Current Account 56.70 61.57 68.3 61.68 68.08 63.01 SEK Billion [+]
Current Account to GDP 5.40 5.8 5.8 5.27 5.4 5.31 percent [+]
External Debt 141239.00 145180 145110 145096 145094 145094 SEK Million [+]
Terms of Trade 102.28 102 102 102 102 102 Index Points [+]
Foreign Direct Investment 106105.00 69281 82326 95371 108416 89640 SEK million [+]
Capital Flows -30.10 9.49 19.22 16.79 15.94 13.35 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 34090.00 -1474 1379 1975 2373 2582 SEK Million [+]
Government Spending 280593.00 282819 283337 284135 284869 292925 SEK Million [+]
Government Spending to GDP 50.40 51.34 51.05 50.75 50.46 49.54 percent [+]
Government Revenues 93000.00 75755 76986 77398 77492 77523 SEK Million [+]
Government Debt 1347253.00 1332117 1332448 1332438 1332432 1332431 SEK Million [+]
Fiscal Expenditure 58910.00 75091 73687 73221 73038 72968 SEK Million [+]
Asylum Applications 1715.00 7346 6841 6253 6297 6407 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 111.60 114 116 116 117 117 [+]
Manufacturing PMI 60.10 60.98 61.3 61.4 61.43 61.44 [+]
Services Pmi 59.90 54.4 54.4 59.38 53.6 52.2 Index Points [+]
Industrial Production 0.10 4.1 4.1 1.91 2.5 1.4 percent [+]
Industrial Production Mom 1.20 0.9 0.9 0.08 0.4 0.4 percent [+]
Manufacturing Production 0.00 2.84 3.68 4.53 5.12 6.43 percent [+]
Capacity Utilization 88.90 88.15 87.87 87.67 87.53 87.4 percent [+]
New Orders 102.00 98.11 97.47 97.43 97.41 97.46 Index Points [+]
Changes in Inventories 16826.00 17488 2302 15869 -262 3559 SEK Million [+]
Bankruptcies 569.00 499 513 508 510 509 Companies [+]
Car Registrations 37851.00 32073 31285 31622 31393 31507 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 12107.00 13938 11695 11851 13484 12843 Gigawatt-hour [+]
Corruption Index 89.00 87.99 88.06 88.14 88.29 88.4 Points [+]
Corruption Rank 3.00 4 4 4 4 4 [+]
Steel Production 370.18 374 374 374 374 374 Thousand Tonnes [+]
Mining Production -0.30 3.96 4.52 4.58 4.57 4.58 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 103.20 105 105 105 105 105 [+]
Retail Sales MoM 0.90 0.24 0.29 0.29 0.29 0.28 percent [+]
Retail Sales YoY 3.60 2.73 2.81 2.82 2.82 2.82 percent [+]
Consumer Spending 480891.00 483206 484739 486321 487950 510738 SEK Million [+]
Disposable Personal Income 494731.00 529843 546502 543403 549968 589611 SEK million [+]
Personal Savings 16.01 18.25 18.25 18.25 18.25 18.25 percent [+]
Private Sector Credit 7.08 6.89 6.82 6.79 6.77 6.75 percent [+]
Household Spending 0.30 0.15 0.18 0.18 0.17 0.17 percent [+]
Households Debt To Gdp 84.90 86.32 86.82 87.04 87.45 89.08 percent of GDP [+]
Households Debt To Income 151.43 153 154 155 156 176 percent [+]
Gasoline Prices 1.50 1.55 1.55 1.55 1.55 1.55 USD/Liter [+]
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 226.69 231 235 238 242 281 Index points [+]
Housing Starts 12.51 13.08 12.89 13.05 12.84 13.1 Thousand [+]
Home Ownership Rate 70.60 69.48 69.72 69.96 70.2 69.41 percent [+]
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. 1/22/2017