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

The Swedish economy advanced a seasonally adjusted 0.5 percent on the quarter in the three months to March of 2016, following an upwardly revised 1.6 percent expansion in the previous period and missing market expectations of 0.7 percent growth. It was the lowest reading since the third quarter of 2014, as public spending and investment grew at a slower pace while net exports dragged expansion down. Compared to the first quarter of 2015, the GDP advanced 4.2 percent, slowing from an upwardly revised 4.9 percent expansion in the the previous three-month period. 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. 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
0.50 1.60 2.50 -3.70 1981 - 2016 percent Quarterly
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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 0.5% 1.6% 0.7% 1.2%
2016-07-29 07:30 AM Q2 0.5% 0.7% 1.1%
2016-09-14 07:30 AM Q2 0.5%
2016-11-29 08:30 AM Q3 1.4%

Swedish GDP Growth Hits 6-Quarter Low


The Swedish economy advanced a seasonally adjusted 0.5 percent on the quarter in the three months to March of 2016, following an upwardly revised 1.6 percent expansion in the previous period and missing market expectations of 0.7 percent growth. It was the lowest reading since the third quarter of 2014, as public spending and investment grew at a slower pace while net exports dragged expansion down.

General government consumption expenditures rose by 0.5 percent (from +0.9 percent in Q4) and gross fixed capital formation increased by 2.1 percent (from +3.1 percent in Q4), while household consumption expenditures rose at a faster 1.1 percent (from +1 percent in Q4). Exports decreased for the first time since the fourth quarter of 2013 by 1.3 percent while imports increased by 0.8 percent. Meanwhile, changes in inventories increased the GDP growth by 0.3 percentage points.

Production of goods rose by 0.3 percent (from +1.9 percent in Q4) and service-producing industries rose by 0.7 percent (from +1.4 percent in Q4). 

Employment measured as the total number of hours worked increased by 1 percent and the number of persons employed increased by 0.5 percent.

Compared to the first quarter of 2015, the GDP advanced 4.2 percent, slowing from an upwardly revised 4.9 percent expansion in the the previous three-month period.


Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/30/2016 8:57:13 AM

Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 1.60 2.50 -3.70 percent [+]
GDP Annual Growth Rate 4.20 4.90 7.70 -6.10 percent [+]
GDP 492.62 571.10 578.74 14.84 USD Billion [+]
GDP Constant Prices 1064969.00 1059670.00 1064969.00 575382.00 SEK Million [+]
Gross National Product 1070649.00 1129314.00 1129314.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 264789.00 259222.00 264789.00 106642.00 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 12802.00 12717.00 13474.00 9513.00 SEK Million [+]
Gdp From Construction 61903.00 61313.00 62050.00 39876.00 SEK Million [+]
Gdp From Manufacturing 157492.00 157746.00 167389.00 58253.00 SEK Million [+]
Gdp From Mining 4088.00 3996.00 6325.00 3524.00 SEK Million [+]
Gdp From Public Administration 188883.00 188312.00 188883.00 172484.00 SEK Million [+]
Gdp From Services 475807.00 472672.00 475807.00 224439.00 SEK Million [+]
Gdp From Transport 40081.00 40086.00 40086.00 30514.00 SEK Million [+]
Gdp From Utilities 27214.00 26944.00 27214.00 19367.00 SEK Million [+]




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Portugal 0.20 Mar/16
Jamaica 0.10 Dec/15
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Switzerland 0.10 Mar/16
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Peru 0.00 Mar/16
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Hong Kong -0.40 Mar/16
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Russia -0.57 Sep/15
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Argentina -0.70 Mar/16
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16