Sweden GDP Growth Rate  1981-2016 | Data | Chart | Calendar | Forecast

Sweden's gross domestic product advanced 0.5 percent in the third quarter of 2016, following an upwardly revised 0.6 percent expansion in the second quarter and in a line with market expectations, according to preliminary estimates. Household consumption rebounded by 0.4 percent (-0.1 percent in Q2) and net external demand contributed positively while fixed investment and government expenditure were unchanged. On a yearly basis, the economy advanced 2.8 percent, easing from an upwardly revised 3.6 percent growth in the previous period and below market expectations of 3 percent. GDP Growth Rate in Sweden averaged 0.56 percent from 1981 until 2016, reaching an all time high of 2.50 percent in the first quarter of 1984 and a record low of -3.70 percent in the fourth quarter of 2008.

Sweden GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-29 07:30 AM Q2 0.3% 0.4% 0.7% 1.1%
2016-09-14 07:30 AM Q2 0.5% 0.4% 0.3% 0.3%
2016-11-29 08:30 AM Q3 0.5% 0.6% 0.5% 0.6%
2017-02-28 08:30 AM Q4 0.36%
2017-05-30 07:30 AM Q1 0.56%
2017-07-28 07:30 AM Q2 0.49%




Swedish Economy Expands 0.5% In Q3


Sweden's gross domestic product advanced 0.5 percent in the third quarter of 2016, following an upwardly revised 0.6 percent expansion in the second quarter and in a line with market expectations, according to preliminary estimates. Household consumption rebounded and net external demand contributed positively while fixed investment and government expenditure were unchanged. On a yearly basis, the economy advanced 2.8 percent, easing from an upwardly revised 3.6 percent growth in the previous period and below market expectations of 3 percent.

On a seasonally adjusted basis, household consumption expanded 0.4 percent (-0.1 percent in Q2); while fixed investment remained unchanged (+1.9 percent in Q2); and general government expenditure also showed no growth (+1.2 percent in Q2). 

Net external demand contributed positively, as exports rose 1.3 percent (-0.4 percent in Q2) while imports grew 0.6 percent (+0.6 percent in Q2).

On the production side, service-producing industries increased by 0.7 percent (+1.4 percent in Q2) and production of goods rose by 0.2 percent (-1.1 percent in Q2). 

Employment measured as the total number of hours worked decreased by 0.1 percent and the number of persons employed fell by 0.3 percent.

Statistics Sweden | Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/29/2016 9:16:53 AM



Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.60 2.50 -3.70 percent [+]
GDP Annual Growth Rate 2.80 3.60 7.70 -6.10 percent [+]
GDP 492.62 571.10 578.74 14.84 USD Billion [+]
GDP Constant Prices 1074927.00 1069582.00 1074927.00 493553.00 SEK Million [+]
Gross National Product 1113599.00 1078566.00 1142258.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 264563.00 259851.00 264563.00 94270.00 SEK Million [+]
GDP per capita 54988.62 53385.97 54988.62 18142.94 USD [+]
GDP per capita PPP 45296.46 43976.29 45296.46 29027.79 USD [+]
Gdp From Agriculture 12327.00 12363.00 13316.00 9028.00 SEK Million [+]
Gdp From Construction 57541.00 57008.00 62449.00 40165.00 SEK Million [+]
Gdp From Manufacturing 156697.00 159686.00 169583.00 59008.00 SEK Million [+]
Gdp From Mining 3813.00 3876.00 6408.00 3568.00 SEK Million [+]
Gdp From Public Administration 189204.00 188329.00 189204.00 160899.00 SEK Million [+]
Gdp From Services 490368.00 483539.00 490368.00 188361.00 SEK Million [+]
Gdp From Transport 40777.00 40510.00 40777.00 22893.00 SEK Million [+]
Gdp From Utilities 27240.00 27962.00 28716.00 13466.00 SEK Million [+]



Sweden GDP Growth Rate Notes

On the expenditure side, household consumption is the main component of Swedish GDP and accounts for 46 percent of its total use, followed by government consumption (26 percent) and gross fixed capital formation (23 percent). Exports of goods and services account for 45 percent of GDP while imports account for 41 percent, adding 4 percent of total GDP. This page provides - Sweden GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.60 2.50 -3.70 1981 - 2016 percent Quarterly



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