Sweden GDP Growth Rate  1981-2017 | Data | Chart | Calendar | Forecast

The Swedish economy expanded 1 percent on quarter in the last three months of 2016, following a downwardly revised 0.3 percent rise in the previous period and beating expectations of 0.9 percent. It is the highest growth rate in a year, boosted by rising investment and exports and a rebound in government spending. GDP Growth Rate in Sweden averaged 0.56 percent from 1981 until 2016, reaching an all time high of 2.50 percent in the first quarter of 1984 and a record low of -3.70 percent in the fourth quarter of 2008.

Sweden GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-14 07:30 AM Q2 0.5% 0.4% 0.3% 0.3%
2016-11-29 08:30 AM Q3 0.5% 0.6% 0.5% 0.6%
2017-02-28 08:30 AM Q4 1% 0.3% 0.9% 0.4%
2017-05-30 07:30 AM Q1 1% 0.5%
2017-07-28 07:30 AM Q2 0.5%
2017-09-13 07:30 AM Q2 0.5%




Sweden GDP Growth Beats Expectations In Q4


The Swedish economy expanded 1 percent on quarter in the last three months of 2016, following a downwardly revised 0.3 percent rise in the previous period and beating expectations of 0.9 percent. It is the highest growth rate in a year, boosted by rising investment and exports and a rebound in government spending.

Household spending slowed (0.3 percent compared to 0.5 percent in Q3) while government expenditure rebounded (0.3 percent compared to -0.1 percent in Q3) and gross fixed capital formation rose faster (0.9 percent compared to 0.1 percent in Q3). In addition, exports jumped 1.8 percent (1.2 percent in Q3) while imports contracted 0.2 percent (+0.3 percent in Q3). 

On the production side, market production of goods and services increased by 1.1 percent: production of goods increased by 0.4 percent and services grew by 1.4 percent. Employment measured as the total number of hours worked increased by 0.3 percent and the number of persons employed increased by 0.6 percent.

On a yearly basis, the GDP expanded 2.3 percent, slightly below a downwardly revised 2.4 percent growth in the previous period and market expectations of 2.4 percent. Considering full 2016, the economy grew 3.3 percent.

Statistics Sweden | Joana Taborda | joana.taborda@tradingeconomics.com
2/28/2017 9:25:06 AM



Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.30 2.50 -3.70 percent [+]
GDP Annual Growth Rate 2.30 2.40 7.70 -6.10 percent [+]
GDP 495.62 573.82 578.74 14.84 USD Billion [+]
GDP Constant Prices 1088859.00 1080714.00 1088859.00 494814.00 SEK Million [+]
Gross National Product 1189693.00 1089343.00 1189693.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 263797.00 263229.00 263797.00 94270.00 SEK Million [+]
GDP per capita 55186.04 53562.07 55186.04 18142.94 USD [+]
GDP per capita PPP 45459.08 44121.35 45459.08 29027.79 USD [+]
Gdp From Agriculture 12777.00 12573.00 13316.00 9028.00 SEK Million [+]
Gdp From Construction 58029.00 58449.00 62448.00 40165.00 SEK Million [+]
Gdp From Manufacturing 157266.00 157250.00 169576.00 59008.00 SEK Million [+]
Gdp From Mining 4043.00 3974.00 6410.00 3569.00 SEK Million [+]
Gdp From Public Administration 191673.00 190370.00 191673.00 160899.00 SEK Million [+]
Gdp From Services 496350.00 492289.00 496350.00 188361.00 SEK Million [+]
Gdp From Transport 40711.00 40535.00 40711.00 22893.00 SEK Million [+]
Gdp From Utilities 27383.00 26979.00 28864.00 13466.00 SEK Million [+]



Sweden GDP Growth Rate Notes

On the expenditure side, household consumption is the main component of Swedish GDP and accounts for 46 percent of its total use, followed by government consumption (26 percent) and gross fixed capital formation (23 percent). Exports of goods and services account for 45 percent of GDP while imports account for 41 percent, adding 4 percent of total GDP. This page provides - Sweden GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.30 2.50 -3.70 1981 - 2016 percent Quarterly



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