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||1994 - 2015
Sweden has an economy heavily oriented toward foreign trade with timber, hydro-power, and iron ore constituting its resource base. Engineering sector accounts for about 50 percent of output and exports. Despite strong finances, the Swedish economy slid into recession in 2008 and growth continued downward in 2009 as export demand and consumption fell. Strong exports of commodities and a return to profitability the banking sector drove a rebound in 2010, but growth slipped in 2012. In 2014 both private and public spending rebounded, as well as fixed investment which grew the most in seven years. On the expenditure side, household consumption is the main component of 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Sweden GDP Annual Growth Rate - was last refreshed on Saturday, November 28, 2015.