Sweden GDP Growth Rate  1993-2016 | Data | Chart | Calendar | Forecast

The Swedish economy advanced a seasonally adjusted 1.3 percent on quarter in the three months to December of 2015, following an upwardly revised 1 percent growth in the previous period and beating market expectations of 0.7 percent. It was the fastest growth rate since the fourth quarter of 2010, as both domestic and external demand contributed to growth. GDP Growth Rate in Sweden averaged 0.65 percent from 1993 until 2015, reaching an all time high of 2.30 percent in the first quarter of 2010 and a record low of -3.70 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
1.30 0.80 2.30 -3.70 1993 - 2015 percent Quarterly
Sweden is a major North European economy. In 2013, more than 123 SEK million were invested in Research and Development, which comprises a research ratio of 3.3 percent in relation to the country’s GDP, significantly above the EU average of 2.01 percent (2013). Despite strong finances, the Swedish economy slid into recession in 2008 and growth continued downward in 2009 as export demand and consumption fell. Strong exports of commodities and a return to profitability the banking sector drove a rebound in 2010, but growth slipped in 2012. In 2014 both private and public spending rebounded, as well as fixed investment which grew the most in seven years. On the expenditure side, household consumption is the main component of 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-09-11 08:30 AM Q2 1.1% 0.6% 1% 1%
2015-11-30 08:30 AM Q3 0.8% 1% 0.4% 0.6%
2016-02-29 08:30 AM Q4 1.3% 1% 0.7% 1%
2016-05-30 07:30 AM Q1 1.3% 0.81%
2016-09-14 07:30 AM Q2
2016-11-29 08:30 AM Q3 0.96%

Swedish Q4 GDP Growth Highest in 5 Years


The Swedish economy advanced a seasonally adjusted 1.3 percent on quarter in the three months to December of 2015, following an upwardly revised 1 percent growth in the previous period and beating market expectations of 0.7 percent. It was the fastest growth rate since the fourth quarter of 2010, as both domestic and external demand contributed to growth.

On a seasonally adjusted basis, household consumption grew by 0.9 and general government expenditure increased by 0.9 percent. Gross fixed capital formation increased by 2 percent. Exports increased by 2.9 percent and imports increased by 2.0 percent. Meanwhile, changes in inventories decreased the GDP growth by 0.3 percentage points.

On the production side, market production of goods and services increased 1.4 percent, as production of goods rose by 1.6 percent and service-producing industries grew by 1.2 percent.

Employment measured as the total number of hours worked increased by 0.2 percent seasonally adjusted and the number of persons employed increased by 0.7 percent.

Year-on-year, the economy expanded 4.5 percent compared to an upwardly revised 4.1 percent expansion in the previous period and reaching its highest value since the first quarter of 2011. 

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/29/2016 8:49:25 AM

Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 0.80 2.30 -3.70 percent [+]
GDP Annual Growth Rate 4.50 3.90 7.70 -6.10 percent [+]
GDP 571.09 578.74 578.74 14.84 USD Billion [+]
GDP Constant Prices 1037881.00 1020732.00 1037881.00 575382.00 SEK Million [+]
Gross National Product 1129314.00 1050178.00 1129314.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 253504.00 248858.00 253504.00 104417.00 SEK Million [+]
GDP per capita 46061.43 45453.65 46061.43 14909.55 USD [+]
GDP per capita PPP 44028.86 43447.90 44028.86 29027.79 USD [+]




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