Sweden | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.50 0.6 1.1 0.5 0.5 0.9 percent [+]
Unemployment Rate 6.40 6.5 6.8 6.7 6.2 5.8 percent [+]
Inflation Rate 1.20 0.8 1.1 1.3 1.5 2.7 percent [+]
Interest Rate -0.50 -0.5 -0.5 -0.5 -0.25 0.5 percent [+]
Balance of Trade -2700.00 -243 -952 -1065 -1081 -1083 SEK million [+]
Government Debt to GDP 43.40 42.88 42.94 43 43.07 44.8 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 9.13 9.33 9.42 9.52 9.61 11.09 [+]
Stock Market 1520.15 1460 1440 1430 1410 1180 points [+]
Government Bond 10Y 0.65 0.54 0.54 0.55 0.55 0.64 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.50 0.6 1.1 0.5 0.5 0.9 percent [+]
GDP Annual Growth Rate 2.80 3.2 3 2.8 2.6 2.6 percent [+]
GDP 492.62 496 498 500 503 551 USD Billion [+]
GDP Constant Prices 1074927.00 1050000 1060000 1070000 1070000 1070000 SEK Million [+]
Gross National Product 1113599.00 1177915 1124885 1158413 1139276 1322289 SEK Million [+]
Gross Fixed Capital Formation 264563.00 269707 269375 272636 274583 301731 SEK Million [+]
GDP per capita 54988.62 55776 55898 56020 56142 58349 USD [+]
GDP per capita PPP 45296.46 45847 45933 46019 46105 47876 USD [+]
Gdp From Agriculture 12327.00 12541 12504 12604 12685 13251 SEK Million [+]
Gdp From Construction 57541.00 57768 57677 57535 57286 56414 SEK Million [+]
Gdp From Manufacturing 156697.00 155456 153646 152299 152029 153672 SEK Million [+]
Gdp From Mining 3813.00 3828 3806 3794 3808 3810 SEK Million [+]
Gdp From Public Administration 189204.00 189927 189976 190653 190627 191504 SEK Million [+]
Gdp From Services 490368.00 494999 498728 502485 505704 524112 SEK Million [+]
Gdp From Transport 40777.00 40963 41103 41272 41462 43322 SEK Million [+]
Gdp From Utilities 27240.00 27357 27391 27488 27573 27527 SEK Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 6.40 6.5 6.8 6.7 6.2 5.8 percent [+]
Employed Persons 4933.00 4921 4928 4935 4941 4960 Thousand [+]
Unemployed Persons 338.00 350 361 362 361 361 Thousand [+]
Long Term Unemployment Rate 1.30 1.21 1.2 1.15 1.12 1.03 percent [+]
Youth Unemployment Rate 18.30 17.7 17.7 17.61 17.52 17.16 percent [+]
Labour Costs 123.30 124 125 126 126 135 Index Points [+]
Job Vacancies 760.00 915 952 849 852 880 Hundred [+]
Wages 162.30 164 164 164 164 164 SEK/Hour [+]
Wages in Manufacturing 171.40 173 173 173 173 174 SEK/Hour [+]
Population 9.75 9.83 9.85 9.87 9.89 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 0.33 0.3 0.19 0.16 0.22 percent [+]
Employment Rate 67.10 66.61 66.22 66.03 65.94 65.85 percent [+]
Full Time Employment 3705.20 3596 3546 3648 3734 3663 Thousand [+]
Wages High Skilled 33900.00 34598 35408 33405 33932 35285 SEK/Month [+]
Wages Low Skilled 20600.00 21533 21533 21533 21533 21533 SEK/Month [+]
Productivity 102.00 106 103 103 111 107 Index Points [+]
Part Time Employment 1096.60 1123 1120 1125 1100 1115 Thousand [+]
Labor Force Participation Rate 64.30 64.21 64.35 65.27 65.12 64.39 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 Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 1.20 0.8 1.1 1.3 1.5 2.7 percent [+]
Inflation Rate Mom 0.30 0.07 0.1 0.09 0.09 0.09 percent [+]
Harmonised Consumer Prices 116.84 117 117 117 117 117 Index Points [+]
Consumer Price Index CPI 318.00 318 319 319 320 327 Index Points [+]
Core Consumer Prices 207.65 208 208 209 210 217 Index Points [+]
Core Inflation Rate 1.43 1.46 1.44 1.45 1.46 1.46 percent [+]
Producer Prices 115.20 116 116 116 117 118 Index Points [+]
Producer Prices Change 2.20 -0.5 0.1 0.3 3.78 1.6 percent [+]
Export Prices 110.60 111 112 112 112 112 Index Points [+]
Import Prices 108.70 109 109 109 109 109 Index Points [+]
Food Inflation 0.20 0.15 0.13 0.12 0.12 0.12 percent [+]
Cpi Transportation 421.23 421 421 421 421 421 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate -0.50 -0.5 -0.5 -0.5 -0.25 0.5 percent [+]
Interbank Rate -0.63 -0.59 -0.68 -0.73 -0.75 -0.79 percent [+]
Money Supply M0 61217.00 59738 58888 58050 57224 47489 SEK Million [+]
Money Supply M3 2972789.00 2985206 3016115 3047423 3079130 3528592 SEK Million [+]
Banks Balance Sheet 10311288.00 10150498 10167773 10199411 10238232 11107825 SEK Million [+]
Foreign Exchange Reserves 547140.00 545664 542377 542643 542697 542677 SEK Million [+]
Loans to Private Sector 1314572.00 1324259 1334938 1343711 1350870 1380600 SEK Million [+]
Deposit Interest Rate -1.25 -1.18 -1.12 -1.06 -1.02 -0.93 percent [+]
Central Bank Balance Sheet 840976.00 849106 853058 854243 854498 854574 SEK Million [+]
Private Debt to GDP 269.85 262 263 264 264 262 percent [+]
Money Supply M1 2449528.00 2485224 2537068 2589711 2643189 3429008 SEK Million [+]
Money Supply M2 2883246.00 2891092 2941508 2980511 3028555 3714532 SEK Million [+]
Loan Growth 7.30 7.23 7.19 7.14 7.1 6.95 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -2700.00 -243 -952 -1065 -1081 -1083 SEK million [+]
Exports 102900.00 97945 101634 96946 99253 98248 SEK million [+]
Imports 105600.00 97888 101498 99575 101530 101020 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 5.8 5.31 5.31 percent [+]
External Debt 146746.00 146156 145830 145766 145757 145754 SEK Million [+]
Terms of Trade 101.75 102 102 102 102 102 Index Points [+]
Foreign Direct Investment 106105.00 108416 105942 103468 100993 89640 SEK million [+]
Capital Flows -30.10 0.14 9.49 19.22 16.79 13.35 SEK Billion [+]
Remittances 83.00 92.14 87.5 90.65 94.68 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 3.62 3.6 3.58 3.56 3.51 [+]
Weapons Sales 186.00 343 342 341 336 420 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 43.40 42.88 42.94 43 43.07 44.8 percent [+]
Government Budget 0.00 -0.5 -0.5 -0.5 0.82 0.9 percent of GDP [+]
Government Budget Value -15751.00 150 1266 534 775 900 SEK Million [+]
Government Spending 279564.00 281310 282370 283001 283725 292210 SEK Million [+]
Government Spending to GDP 50.40 50.46 50.49 50.52 50.55 49.54 percent [+]
Government Revenues 77188.00 74680 75717 76100 76182 76204 SEK Million [+]
Government Debt 1352180.00 1355107 1358330 1358643 1358703 1358699 SEK Million [+]
Fiscal Expenditure 92939.00 73471 73369 74471 73978 73913 SEK Million [+]
Asylum Applications 1790.00 7024 7763 6829 6492 6717 persons [+]
Military Expenditure 6578.40 6495 6513 6532 6538 6615 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 107.20 108 108 109 109 109 [+]
Manufacturing PMI 57.30 58.58 59.25 59.44 59.5 59.52 [+]
Services Pmi 59.80 55.2 54.4 54.4 60.32 52.2 Index Points [+]
Industrial Production -0.50 4.4 4.1 4.1 1.91 1.4 percent [+]
Industrial Production Mom -1.30 -0.5 0.9 0.9 0.08 0.4 percent [+]
Manufacturing Production -0.60 0.97 2.99 3.81 4.63 6.5 percent [+]
Capacity Utilization 88.90 88.49 88.15 87.87 87.67 87.4 percent [+]
New Orders 104.50 97.65 98.11 97.47 97.43 97.46 Index Points [+]
Changes in Inventories 247.00 -3222 17714 742 15256 2540 SEK Million [+]
Bankruptcies 515.00 483 552 502 441 477 Companies [+]
Car Registrations 33198.00 33722 31807 32966 32082 32696 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 10867.00 14758 13909 11317 12075 13034 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 359.93 371 374 373 373 373 Thousand Tonnes [+]
Mining Production 1.70 5.26 3.96 4.52 4.58 4.58 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 105.80 106 108 108 108 108 [+]
Retail Sales MoM 0.70 0.12 0.21 0.23 0.24 0.24 percent [+]
Retail Sales YoY 2.40 2.17 2.27 2.29 2.29 2.29 percent [+]
Consumer Spending 480052.00 483767 485180 486641 488147 511308 SEK Million [+]
Disposable Personal Income 609464.00 584538 576031 583999 584534 622251 SEK million [+]
Personal Savings 30.20 18.27 18.25 18.25 18.25 18.25 percent [+]
Private Sector Credit 7.46 7.49 7.52 7.53 7.54 7.54 percent [+]
Household Spending 1.10 0.15 0.18 0.18 0.17 0.17 percent [+]
Households Debt To Gdp 84.60 85.11 85.13 85.3 85.3 85.82 percent of GDP [+]
Households Debt To Income 151.43 156 157 159 160 176 percent [+]
Gasoline Prices 1.39 1.35 1.35 1.35 1.35 1.35 USD/Liter [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output 6.10 8.64 9.46 7.26 8.38 8.01 percent [+]
Housing Index 225.96 228 232 236 240 283 Index points [+]
Housing Starts 12.51 12.14 13.08 12.89 13.05 13.1 Thousand [+]
Home Ownership Rate 70.60 70.2 70.13 70.06 69.99 69.41 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/9/2016