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

The Swedish economy advanced a seasonally adjusted 0.8 percent on quarter in the three months to September of 2015, following a downwardly revised 1 percent growth in the previous period but beating market expectations of 0.4 percent. While government expenditure grew at a slower pace (+0.1 percent from +0.5 percent in Q2), household consumption (+0.7 percent from +0.5 percent in Q2) and fixed investment (+1.2 percent from +1.1 percent) expanded further. 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
0.80 1.00 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-07-30 08:30 AM Q2 1% 0.4% 0.7% 0.5%
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 0.8% 1%
2016-05-30 07:30 AM Q1 0.72%
2016-09-14 07:30 AM Q2

Swedish Economy Grows 0.8% in Q3


The Swedish economy advanced a seasonally adjusted 0.8 percent on quarter in the three months to September of 2015, following a downwardly revised 1 percent growth in the previous period but beating market expectations of 0.4 percent. While government expenditure grew at a slower pace, household consumption and fixed investment expanded further.

On a seasonally adjusted basis, general government expenditure expanded by only 0.1 percent after increasing by 0.5 percent in the previous quarter. Household consumption grew by 0.7 percent compared to a 0.5 percent increase in Q2 and gross fixed capital formation went up by 1.2 percent compared to 1.1 percent growth in the precedent quarter. Exports of goods advanced 2.1 percent (+0.1 percent in Q2) and imports by 2.3 percent (after showing no growth in Q2). Exports of services grew by 2.3 percent (+2.1 percent in Q2) and imports by 1.8 percent (+0.8 percent in Q2).

On the production side, market production of goods and services increased by 1.1 percent, as production of goods rose by 1.2 percent and service-producing industries grew by 1.1 percent. 

Year-on-year, the economy expanded 3.9 percent, up from an upwardly revised 3.4 percent growth in the previous period and reaching the highest value since the first quarter of 2011. 

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/30/2015 8:59:59 AM

Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.00 2.30 -3.70 percent [+]
GDP Annual Growth Rate 3.90 3.40 7.70 -6.10 percent [+]
GDP 571.09 578.74 578.74 14.84 USD Billion [+]
GDP Constant Prices 1020732.00 1012162.00 1020732.00 575382.00 SEK Million [+]
Gross National Product 1050178.00 1058603.00 1071092.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 248858.00 245846.00 248858.00 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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