Sweden GDP Growth Rate 1993-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Sweden expanded 1 percent in the second quarter of 2015 over the previous quarter. GDP Growth Rate in Sweden averaged 0.63 percent from 1993 until 2015, reaching an all time high of 2.80 percent in the first quarter of 2010 and a record low of -3.90 percent in the fourth quarter of 2008. GDP Growth Rate in Sweden is reported by the Statistics Sweden.

Sweden GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.40 2.80 -3.90 1993 - 2015 percent Quarterly
Sweden is a major North European economy. Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a skilled labor force. Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 and growth continued downward in the fourth as deteriorating global conditions reduced export demand and consumption. This page provides - Sweden GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Sweden GDP Growth Rate - was last refreshed on Tuesday, September 1, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-27 08:30 AM Q4 1.1% 0.5%(R) 0.45% 0.45%
2015-05-29 08:30 AM Q1 0.4% 0.8%(R) 0.5% 0.4%
2015-07-30 08:30 AM Q2 1% 0.4% 0.7% 0.5%
2015-09-11 08:30 AM Q2 0.4% 1% 1%
2015-11-27 08:30 AM Q3 0.81%


Sweden GDP Expands 1% in Q2


The Swedish economy advanced a seasonally adjusted 1 percent in the second quarter of 2015 following 0.4 percent growth in the previous period and above market expectations. It is the strongest expansion since the last quarter of 2013.

On the expenditure side, household consumption rose 0.6 percent after remaining unchanged in the previous quarter. General government expenditure grew 0.6 percent compared to a 0.1 percent increase in Q1. Gross fixed capital formation fell 0.2 percent compared to a 0.4 percent fall in the precedent quarter. Exports of goods remained unchanged (-1.3 percent in Q1) and imports decreased by 0.8 percent (+0.6 percent in Q1). Exports of services rose 2.9 percent  (+0.4 percent in Q1) and imports increased 0.4 percent (-7.8 percent in Q1).

On the production side, production of goods rose 1.9 percent and service-producing industries grew 0.7 percent. 

Year-on-year, the economy expanded 3 percent, up from a 2.5 percent increase in the previous period. 

Statistics Sweden | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/30/2015 11:52:11 AM


Recent Releases

Sweden GDP Growth Slows in Q1
The Swedish economy advanced a seasonally adjusted 0.4 percent on quarter in the first three months of 2015, following a downwardly revised 0.8 percent growth in the previous period and below market expectations. While public and private spending slowed, investment and exports of goods contracted.
Published on 2015-05-29

Sweden GDP Growth Beats Estimates
The Swedish economy advanced a seasonally adjusted 1.1 percent on quarter in the last three months of 2014, following a revised 0.5 percent increase in the previous period and better than market expectations. It is the highest growth rate in seven quarters, due to a surge in investment and private consumption.
Published on 2015-02-27

Swedish Economy Slows in Q3
Sweden’s GDP advanced a seasonally adjusted 0.3 percent on quarter in the three months to September of 2014, slowing from the previous quarter but beating market forecasts.
Published on 2014-11-28

Swedish GDP Growth Revised Up in Q2
The Swedish economy expanded a seasonally adjusted 0.7 percent on quarter in the three months to June, up from a preliminary estimate of a 0.2 percent expansion.
Published on 2014-09-18


Sweden GDP Last Previous Highest Lowest Unit
GDP 570.59 579.53 579.53 14.84 USD Billion [+]
GDP Growth Rate 1.00 0.40 2.80 -3.90 percent [+]
GDP Annual Growth Rate 3.00 2.50 7.70 -6.20 percent [+]
GDP Constant Prices 1006340.00 995717.00 1006340.00 532301.00 SEK Million [+]
Gross National Product 1035071.00 1077990.00 1077990.00 361003.00 SEK Million [+]
GDP per capita 46061.43 45453.65 46061.43 14909.55 USD [+]
Gross Fixed Capital Formation 234252.00 235929.00 236232.00 76184.00 SEK Million [+]
GDP per capita PPP 44028.86 43447.90 44028.86 29027.79 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -1.90 Jun/15 -0.70 3.90 -3.90 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.20 Jun/15 0.30 6.00 -3.50 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland 0.20 Jun/15 -0.20 2.10 -1.90 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 3.70 Jun/15 0.60 16.90 -10.00 percent [+]