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.
||1993 - 2014
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.