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

The Gross Domestic Product (GDP) in Sweden expanded 0.70 percent in the second 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.


Sweden GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.10 2.80 -3.80 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, November 23, 2014.

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.

Figures for the first quarter of 2014 were revised upwards to show the economy advanced a seasonally adjusted 0.1 percent instead of a 0.1 percent contraction.

Year-on-year, the GDP grew 2.6 percent in the second quarter of 2014, up from a preliminary estimate of a 1.9 percent increase. Household consumption expenditures rose 3.2 percent non-adjusted, and general government consumption expenditures increased by 0.8 percent non-adjusted. Changes in inventories contributed 0.3 percentage points to GDP growth. Gross fixed capital formation increased by 3.7 percent. Exports grew by 1.5 percent and imports increased by 3.7 percent. 

Market production of goods and services increased by 3.1 percent, working-day adjusted. Production of goods rose by 3.3 percent and service-producing industries grew by 3.1 percent. Employment measured as the total number of hours worked grew by 0.8 percent, and the number of persons employed increased by 1.3 percent.

GDP annual growth rate for the first quarter of 2014 was revised downwards to 1.7 percent (from 1.9 percent). 

SCB | Joana Taborda | joana.taborda@tradingeconomics.com
9/18/2014 9:00:27 AM

Recent Releases

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

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

Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-05-30 08:30 AM
GDP Growth Rate QoQ  Q1 2014
-0.1% 1.6% (R) 0.3%
2014-07-30 08:30 AM
GDP Growth Rate QoQ  Q2 2014
0.2% -0.1% 0.6% -0.13%
2014-09-18 08:30 AM
GDP Growth Rate QoQ Final  Q2 2014
0.7% 0.1% (R) 0.2%
2014-11-28 08:30 AM
GDP Growth Rate QoQ  Q3 2014
0.7% -0.12%

Sweden GDP Last Previous Highest Lowest Unit
GDP 557.94 523.94 557.94 14.80 USD Billion [+]
GDP Growth Rate 0.70 0.10 2.80 -3.80 percent [+]
GDP Annual Growth Rate 2.60 1.70 7.70 -6.20 percent [+]
GDP Constant Prices 964229.00 922636.00 964229.00 532301.00 SEK Million [+]
Gross National Product 1015206.00 971388.00 1015206.00 361003.00 SEK Million [+]
GDP per capita 44161.12 43830.57 44161.12 14909.57 USD [+]
Gross Fixed Capital Formation 217374.00 173317.00 217374.00 76184.00 SEK Million [+]
GDP per capita PPP 42155.21 41839.68 42155.21 27643.38 USD [+]