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

The Gross Domestic Product (GDP) in Sweden expanded 1.10 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Sweden averaged 0.63 percent from 1993 until 2014, reaching an all time high of 2.80 percent in the first quarter of 2010 and a record low of -3.80 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
1.10 0.50 2.80 -3.90 1993 - 2014 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 Sunday, May 24, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-09-18 08:30 AM Q2 0.7% 0.1% (R) 0.2%
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 1.1% 0.5% 0.4%
2015-09-11 08:30 AM Q2
2015-11-27 08:30 AM Q3 0.35%


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.

On a seasonally adjusted basis, household consumption rose 0.9 percent after being flat in the previous quarter and government expenditure increased 0.5 percent (0.6 percent in Q3). Gross fixed capital formation went up 2.7 percent from 1.7 percent in Q3 while changes in inventories decreased the GDP growth by 0.1 percentage points. Exports rose 2.7 percent (1.1 percent in Q3) and imports increased by 2.8 percent (1.5 percent in Q3). 

On the production side, production of goods rose by 1.9 percent and service-producing industries grew 1.0 percent. Employment measured as the total number of hours worked decreased by 0.3 percent and the number of persons employed increased 0.2 percent.

Year-on-year, the economy expanded 2.7 percent, up from a revised 2.3 percent increase in the previous period. 

Considering full 2014, the GDP grew 2.1 percent, following a 1.3 percent increase in 2013.

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
2/27/2015 9:10:30 AM


Recent Releases

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


Sweden GDP Last Previous Highest Lowest Unit
GDP 557.94 523.94 557.94 14.80 USD Billion [+]
GDP Growth Rate 1.10 0.50 2.80 -3.90 percent [+]
GDP Annual Growth Rate 2.70 2.30 7.70 -6.20 percent [+]
GDP Constant Prices 978759.00 967716.00 978759.00 532301.00 SEK Million [+]
Gross National Product 1074642.00 994486.00 1074642.00 361003.00 SEK Million [+]
GDP per capita 44161.12 43830.57 44161.12 14909.57 USD [+]
Gross Fixed Capital Formation 229676.00 223551.00 229676.00 76184.00 SEK Million [+]
GDP per capita PPP 42155.21 41839.68 42155.21 27643.38 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.40 Feb/15 0.30 1.30 -2.90 percent [+]
France 0.60 Feb/15 0.00 1.60 -1.70 percent [+]
Germany 0.30 Feb/15 0.70 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -0.18 Feb/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Feb/15 0.00 6.00 -3.50 percent [+]
Japan 0.60 Feb/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Feb/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.40 Feb/15 0.80 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.90 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.30 Feb/15 0.60 5.00 -2.70 percent [+]
United States 0.20 Feb/15 2.20 16.90 -10.00 percent [+]