Sweden GDP Growth Rate

The Gross Domestic Product (GDP) in Sweden contracted 0.10 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Sweden averaged 0.65 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
-0.10 1.60 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.


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.

Year-on-year, the GDP expanded 1.9 percent in the first quarter of 2014, slowing from a 3.1 percent increase in the previous quarter.

On the expenditure side, household consumption increased by an annual 2.1 percent and general government expenditure rose 1.4 percent yoy. Changes in inventories decreased the GDP growth by 0.1 percentage points, but gross fixed capital formation increased by 7.7 percent. Exports were up 3.0 percent yoy while imports increased 5.2 percent.

Market production of goods and services increased 2.3 percent. Production of goods rose by 0.3 percent and service-producing industries increased by 3.4 percent. Employment measured as the total number of hours worked rose by 2.3 percent and the number of persons employed rose 1.0 percent.

SCB | Isabel Felino | Isabel.felino@tradingeconomics.com
5/30/2014 10:29:09 AM


Recent Releases

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

Swedish Economy Advances 0.1% QoQ in Q3
In the third quarter of 2013, Sweden's GDP expanded by a seasonally adjusted 0.1 percent quarter-on-quarter, recovering from a 0.1 percent drop in the previous three-month period. Published on 2013-11-29


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-13 08:30 AM Sweden
GDP Growth Rate QoQ - Final
Q2 2013 -0.2% 0.6% -0.1% -0.1%
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 -0.1% 0.6% -0.13%


GDP Last Previous Highest Lowest Unit
GDP 557.94 523.94 557.94 14.80 USD Billion [+]
GDP Growth Rate -0.10 1.60 2.50 -3.90 Percent [+]
GDP Annual Growth Rate 1.90 3.10 7.70 -6.40 Percent [+]
GDP Constant Prices 923263.00 924001.00 924001.00 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 175414.00 171845.00 175414.00 76184.00 SEK Million [+]
GDP per capita PPP 35133.70 35124.02 35133.70 20296.03 USD [+]





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