Sweden GDP Growth Rate  1981-2016 | Data | Chart | Calendar | Forecast

Sweden's gross domestic product was upwardly revised to growth of 0.5 percent in the second quarter of 2016 from the previous three month period, following a 0.4 percent expansion in the first quarter. Government expenditure grew 1.2 percent and fixed investment expanded 1.8 percent, while household consumption was unchanged and net external demand contributed negatively. On a yearly basis, the economy advanced 3.4 percent, easing from a 4.2 percent growth in the previous period but beating preliminary estimates of 3.1 percent gain. 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. GDP Growth Rate in Sweden is reported by the Statistics Sweden.

Sweden GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.40 2.50 -3.70 1981 - 2016 percent Quarterly
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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-30 07:30 AM Q1 0.5% 1.6% 0.7% 1.2%
2016-07-29 07:30 AM Q2 0.3% 0.4% 0.7% 1.1%
2016-09-14 07:30 AM Q2 0.5% 0.4% 0.3% 0.3%
2016-11-29 08:30 AM Q3 0.5% 1.4%

Swedish Q2 GDP Growth Revised Up to 0.5%


Sweden's gross domestic product was upwardly revised to growth of 0.5 percent in the second quarter of 2016 from the previous three month period, following a 0.4 percent expansion in the first quarter. Government expenditure and fixed investment were the main contributors to growth while household consumption was unchanged and net external demand contributed negatively.

On a seasonally adjusted basis, general government expenditure expanded 1.2 percent (+0.6 percent in Q1); fixed investment advanced 1.8 percent (+1.7 percent in Q1); and inventories added 0.2 percentage points to growth. 

Meanwhile, household consumption showed no growth (+0.7 percent in Q1); and net external demand contributed negatively, as exports contracted 0.4 percent (-0.6 percent in Q1) while imports grew 0.8 percent (+1 percent in Q1).

On the production side, output of goods and services increased 0.5 percent (+0.4 percent in Q1). Service-producing industries grew by 1.4 percent (+0.8 percent in Q1) while production of goods decreased by 1.3 percent (-0.1 percent in Q1). 

Employment measured as the total number of hours worked increased by 0.4 percent and the number of persons employed increased by 0.6 percent.

Compared to the second quarter of 2015, the GDP advanced 3.4 percent, slowing from a 4.2 percent expansion in the the previous three-month period while beating preliminary estimates of 3.1 percent growth.

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/14/2016 8:37:13 AM

Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.40 2.50 -3.70 percent [+]
GDP Annual Growth Rate 3.40 4.20 7.70 -6.10 percent [+]
GDP 492.62 571.10 578.74 14.84 USD Billion [+]
GDP Constant Prices 1074927.00 1069582.00 1074927.00 493553.00 SEK Million [+]
Gross National Product 1113599.00 1078566.00 1142258.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 264563.00 259851.00 264563.00 94270.00 SEK Million [+]
GDP per capita 54988.62 53385.97 54988.62 18142.94 USD [+]
GDP per capita PPP 45296.46 43976.29 45296.46 29027.79 USD [+]
Gdp From Agriculture 12327.00 12363.00 13316.00 9028.00 SEK Million [+]
Gdp From Construction 57541.00 57008.00 62449.00 40165.00 SEK Million [+]
Gdp From Manufacturing 156697.00 159686.00 169583.00 59008.00 SEK Million [+]
Gdp From Mining 3813.00 3876.00 6408.00 3568.00 SEK Million [+]
Gdp From Public Administration 189204.00 188329.00 189204.00 160899.00 SEK Million [+]
Gdp From Services 490368.00 483539.00 490368.00 188361.00 SEK Million [+]
Gdp From Transport 40777.00 40510.00 40777.00 22893.00 SEK Million [+]
Gdp From Utilities 27240.00 27962.00 28716.00 13466.00 SEK Million [+]




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