Sweden GDP Growth Rate 1993-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Sweden expanded 0.20 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in Sweden averaged 0.64 Percent from 1993 until 2014, reaching an all time high of 2.50 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.

   
 
 
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Sweden GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.20 -0.10 2.50 -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 Tuesday, September 2, 2014.


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.

Flash estimates showed exports of goods fell 0.9 percent and gross fixed capital formation shrank 0.8 percent quarter-on-quarter in the three months to June. Meanwhile, household consumption rose 1 percent. 

Year-on-year, the economy expanded 1.9 percent, the same rate recorded in the previous period.  Household consumption expenditure increased by 2.9 percent non-adjusted and general government expenditure increased by 0.7 percent non-adjusted. Changes in inventories contributed 0.1 percentage points to GDP growth. Gross fixed capital formation increased by 2.1 percent. Exports grew by 1.7 percent and imports increased by 3.6 percent. 

SCB | Joana Taborda | joana.taborda@tradingeconomics.com
7/30/2014 9:30:00 AM


Recent Releases

Swedish GDP Disappoints in Q1
Sweden's economy contracted a seasonally adjusted 0.1 percent in the first quarter of 2014 compared with the previous period, mainly due to a surge in imports. Published on 2014-05-30

Sweden GDP Growth Accelerates in Q4
In the last three months of 2013, Swedish GDP advanced 1.7 percent on a quarter-on-quarter seasonally adjusted basis, up from a revised 0.5 percent in the previous quarter and better than market expectations. The economy advanced 1.5 percent in 2013 compared to the previous year. Published on 2014-02-28


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-29 08:30 AM Sweden
GDP Growth Rate QoQ
Q3 2013 0.1% -0.1% (R) 0.5% -0.16%
2014-02-28 08:30 AM Sweden
GDP Growth Rate QoQ
Q4 2013 1.7% 0.5% (R) 0.6% 0.5%
2014-05-30 08:30 AM Sweden
GDP Growth Rate QoQ
Q1 2014 -0.1% 1.6% (R) 0.3%
2014-07-30 08:30 AM Sweden
GDP Growth Rate QoQ
Q2 2014 0.2% -0.1% 0.6% -0.13%
2014-11-28 08:30 AM Sweden
GDP Growth Rate QoQ
Q3 2014 0.2% -0.12%


GDP Last Previous Highest Lowest Unit
GDP 557.94 523.94 557.94 14.80 USD Billion [+]
GDP Growth Rate 0.20 -0.10 2.50 -3.90 Percent [+]
GDP Annual Growth Rate 1.90 1.90 7.70 -6.40 Percent [+]
GDP Constant Prices 924890.00 922636.00 924890.00 532301.00 SEK Million [+]
Gross National Product 931248.00 988830.00 988830.00 361003.00 SEK Million [+]
GDP per capita 44161.12 43830.57 44161.12 14909.57 USD [+]
Gross Fixed Capital Formation 171984.00 173317.00 174435.00 76184.00 SEK Million [+]
GDP per capita PPP 35133.70 35124.02 35133.70 20296.03 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 1.10 Mar/14 0.80 4.50 -2.00 Percent [+]
Brazil -0.60 Jun/14 -0.20 4.50 -4.20 Percent [+]
Canada 0.80 Jun/14 0.20 3.33 -1.80 Percent [+]
China 2.00 Jun/14 1.50 2.50 1.40 Percent [+]
Euro Area 0.00 Jun/14 0.20 1.30 -2.80 Percent [+]
France 0.00 Jun/14 0.00 1.60 -1.70 Percent [+]
Germany -0.20 Jun/14 0.70 2.10 -3.70 Percent [+]
India 2.10 Mar/14 1.10 5.80 -1.90 Percent [+]
Indonesia 2.47 Jun/14 0.97 3.82 -3.57 Percent [+]
Italy -0.20 Jun/14 -0.10 6.00 -3.50 Percent [+]
Japan -1.70 Jun/14 1.60 3.20 -4.00 Percent [+]
Mexico 1.00 Jun/14 0.44 2.90 -6.60 Percent [+]
Netherlands 0.50 Jun/14 -0.40 2.00 -2.20 Percent [+]
Russia -0.30 Mar/14 0.30 4.10 -5.40 Percent [+]
South Korea 0.60 Jun/14 0.90 6.80 -7.00 Percent [+]
Spain 0.60 Jun/14 0.40 1.53 -1.60 Percent [+]
Switzerland 0.00 Jun/14 0.50 1.90 -2.20 Percent [+]
Turkey 1.70 Mar/14 0.90 6.69 -7.57 Percent [+]
United Kingdom 0.80 Jun/14 0.80 5.30 -2.50 Percent [+]
United States 4.20 Jun/14 -2.10 16.90 -10.00 Percent [+]





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