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

The Gross Domestic Product (GDP) in Sweden expanded 0.40 percent in the first 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.

      Forecast
Sweden GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.80 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, July 7, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-11-28 08:30 AM Q3 0.3% 0.5% (R) 0.2% -0.12%
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%
2015-09-11 08:30 AM Q2 0.4%
2015-11-27 08:30 AM Q3 0.77%


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.

On a seasonally adjusted basis, household consumption rose 0.1 percent after expanding 1.3 percent in the previous quarter. General government expenditure grew 0.1 percent compared to a 0.7 percent increase in Q4. Gross fixed capital formation fell 0.1 percent compared to a revised 2.8 percent growth in the precedent quarter. Exports of goods declined 1.1 percent (+2.4 percent in Q4) and imports increased by 1.3 percent (+0.8 percent in Q4). Exports of services rose 0.3 percent  (+4.1 percent in Q4) and imports shrank 7.4 percent (+12.3 percent in Q4).

On the production side, production of goods contracted 0.5 percent while service-producing industries grew 1.0 percent. 

Year-on-year, the economy expanded 2.5 percent, down from a revised 2.6 percent increase in the previous period. 

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/29/2015 10:01:46 AM


Recent Releases

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

Swedish Economy Returns to Growth in Q2
Sweden’s GDP advanced a seasonally adjusted 0.2 percent on quarter in the April to June period, recovering from a 0.1 percent contraction in the first quarter. The figure came below market expectations, as household consumption was not enough to offset a drop in exports.
Published on 2014-07-30


Sweden GDP Last Previous Highest Lowest Unit
GDP 570.59 579.53 579.53 14.84 USD Billion [+]
GDP Growth Rate 0.40 0.80 2.80 -3.90 percent [+]
GDP Annual Growth Rate 2.50 2.60 7.70 -6.20 percent [+]
GDP Constant Prices 995717.00 992046.00 995717.00 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 235929.00 236232.00 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 -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.30 Mar/15 1.50 2.50 1.30 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.80 Mar/15 0.30 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.53 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.40 Mar/15 0.80 5.00 -2.70 percent [+]
United States -0.20 Mar/15 2.20 16.90 -10.00 percent [+]