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

The Gross Domestic Product (GDP) in Sweden expanded 0.30 percent in the third 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


Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.50 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 Thursday, December 18, 2014.


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.

Figures for the second quarter were revised downwards to show the economy advanced a seasonally adjusted 0.5 percent instead of 0.7 percent.

Year-on-year, the GDP advanced 2.1 percent in the third quarter of 2014, following a revised 2.4 percent expansion in Q2. Both household and government consumption increased by 2.3 percent each. Gross fixed capital formation grew 4.0 percent; exports expanded 2.6 percent and imports rose 6.2 percent.

The central bank expects the economy to expand 1.9 percent in 2014 and 2.7 percent in 2015.

SCB | Carolina Cunha | carolina.cunha@tradingeconomics.com
11/28/2014 9:35:27 AM


Recent Releases

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-07-30 08:30 AM
GDP Growth Rate QoQ  Q2
0.2% -0.1% 0.6% -0.13%
2014-09-18 08:30 AM
GDP Growth Rate QoQ Final  Q2
0.7% 0.1% (R) 0.2%
2014-11-28 08:30 AM
GDP Growth Rate QoQ  Q3
0.3% 0.5% (R) 0.2% -0.12%
2015-02-27 08:30 AM
GDP Growth Rate QoQ  Q4
0.15%
2015-05-29 08:30 AM
GDP Growth Rate QoQ  Q1
0.05%
2015-07-30 08:30 AM
GDP Growth Rate QoQ  Q2


Sweden GDP Last Previous Highest Lowest Unit
GDP 557.94 523.94 557.94 14.80 USD Billion [+]
GDP Growth Rate 0.30 0.50 2.80 -3.80 percent [+]
GDP Annual Growth Rate 2.10 2.40 7.70 -6.20 percent [+]
GDP Constant Prices 964509.00 961437.00 964509.00 532301.00 SEK Million [+]
Gross National Product 991607.00 1012946.00 1012946.00 361003.00 SEK Million [+]
GDP per capita 44161.12 43830.57 44161.12 14909.57 USD [+]
Gross Fixed Capital Formation 219908.00 217619.00 219908.00 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 0.30 Aug/14 0.50 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.70 Aug/14 0.90 3.33 -1.80 percent [+]
China 1.90 Aug/14 2.00 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.10 Aug/14 -0.10 2.10 -3.70 percent [+]
India 1.20 May/14 1.90 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.50 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.20 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.90 Aug/14 0.50 6.80 -7.00 percent [+]
Spain 0.50 Aug/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Aug/14 0.30 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.70 Aug/14 0.90 5.00 -2.70 percent [+]
United States 3.90 Aug/14 4.60 16.90 -10.00 percent [+]