Sweden GDP Growth Rate

The Gross Domestic Product (GDP) in Sweden expanded 1.70 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Sweden is reported by the Statistics Sweden. GDP Growth Rate in Sweden averaged 0.66 Percent from 1993 until 2013, 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. 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. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.70 0.50 2.50 -3.90 -0.30 | 2014/03 1993 - 2013 Percent Quarterly

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Sweden GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-07-30 08:30 AM Sweden
GDP Growth Rate QoQ
Q2 2013 -0.1% 0.6% 0.1% -0.25%
2013-09-13 08:30 AM Sweden
GDP Growth Rate QoQ - Final
Q2 2013 -0.2% 0.6% -0.1% -0.1%
2013-11-29 08:30 AM Sweden
GDP Growth Rate QoQ
Q3 2013 0.1% -0.1% (R) 0.5% -0.16%
2014-02-28 08:30 AM Sweden
GDP Growth Rate QoQ
Q4 2013 1.7% 0.5% (R) 0.6% 0.5%
2014-05-30 08:30 AM Sweden
GDP GROWTH RATE QOQ
Q1 2014 1.7% -0.3%
2014-07-30 08:30 AM Sweden
GDP GROWTH RATE QOQ
Q2 2014 -0.23%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 916683.00 2013-11-15 901116.00 916683.00 532301.00 911980.19 2014-03-31 SEK Million [+]
Gross Fixed Capital Formation 168665.00 2013-11-15 167041.00 174435.00 76184.00 169080.52 2014-03-31 SEK Million [+]
Gross National Product 988129.00 2013-11-15 911663.00 988129.00 361003.00 974829.98 2014-03-31 SEK Million [+]
GDP per capita 44091.09 2012-12-31 44078.95 44091.09 14909.57 44407.55 2013-12-31 USD [+]
GDP per capita PPP 35133.70 2012-12-31 35124.02 35133.70 20296.03 35397.77 2013-12-31 USD [+]
GDP Growth Rate 1.70 2013-12-31 0.50 2.50 -3.90 -0.30 2014-03-31 Percent [+]
GDP Annual Growth Rate 3.10 2013-12-31 0.60 7.70 -6.40 -0.03 2014-03-31 Percent [+]
GDP 525.70 2012-12-31 539.30 539.30 14.80 534.65 2013-12-31 USD Billion [+]
[+]


Sweden GDP Growth Accelerates in Q4

In the last three months of 2013, Swedish GDP advanced 1.7 percent on a quarter-on-quarter seasonally adjusted basis, up from a revised 0.5 percent in the previous quarter and better than market expectations. The economy advanced 1.5 percent in 2013 compared to the previous year.

Household consumption expenditures increased by 2.0 percent non-adjusted and general government consumption expenditures increased by 3.2 percent non-adjusted. Changes in inventories increased the GDP growth by 1.5 percentage points. Gross fixed capital formation remained unchanged.
Exports grew by 0.3 percent and imports increased by 1.0 percent. Market production of goods and services increased 4.0 percent, working-day adjusted.

Production of goods rose by 3.4 percent and service-producing industries grew by 4.3 percent. Employment measured as the total number of hours worked grew by 0.4 percent and the number of persons employed increased 1.2 percent.

Compared with the same quarter of 2012, the GDP rose at a faster 3.1 percent in the last quarter of 2013, a dramatic increase from 0.6 percent recorded in the previous three-month period.

SCB | Joana Taborda | joana.taborda@tradingeconomics.com
2/28/2014 9:24:42 AM

RECENT RELEASES

Swedish Economy Advances 0.1% QoQ in Q3
In the third quarter of 2013, Sweden's GDP expanded by a seasonally adjusted 0.1 percent quarter-on-quarter, recovering from a 0.1 percent drop in the previous three-month period. Published on 2013-11-29

Swedish GDP Growth Revised Down to -0.2% in Q2
In Q2, Sweden's gross domestic product contracted 0.2 compared to the previous quarter, down from a preliminary estimate of -0.1 percent. This is 0.5 percentage points lower than the rate registered in Q1, mainly due to falling investment. Published on 2013-09-13


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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