Sweden GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Sweden expanded 3.10 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Sweden is reported by the Statistics Sweden. GDP Annual Growth Rate in Sweden averaged 2.66 Percent from 1994 until 2013, reaching an all time high of 7.70 Percent in the fourth quarter of 2010 and a record low of -6.40 Percent in the first quarter of 2009. In Sweden, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides - Sweden GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.10 0.60 7.70 -6.40 -0.03 | 2014/03 1994 - 2013 Percent Quarterly

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Sweden GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-07-30 08:30 AM Sweden
GDP Growth Rate YoY
Q2 2013 0.6% 1.7% 1.0% 1.47%
2013-09-13 08:30 AM Sweden
GDP Growth Rate YoY - Final
Q2 2013 0.1% 1.3% (R) 0.6% 0.6%
2013-11-29 08:30 AM Sweden
GDP Growth Rate YoY
Q3 2013 0.3% 0.6% (R) 1%
2014-02-28 08:30 AM Sweden
GDP Growth Rate YoY
Q4 2013 3.1% 0.6% (R) 0.56%
2014-05-30 08:30 AM Sweden
GDP Growth Rate YoY
Q1 2014 3.1% -0.03%
2014-07-30 08:30 AM Sweden
GDP GROWTH RATE YOY
Q2 2014 -0.07%
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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 [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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In January of 2014, Sweden’s trade surplus increased to SEK 5.8 billion up by SEK 1.1 billion from last year’s figure and by a revised SEK 5.3 billion in December of 2013.
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At its February 13th, 2014 meeting, the Executive Board of the Riksbank has decided to leave the repo rate on hold at 0.75 percent, after last meeting’s cut. The Bank said that the prospects for 2014 are good, economic activity is strengthening and the labour market is improving, but inflation is expected to be low over the coming yea, thus no rate hikes are expected until the beginning of 2015.
Swedish Trade Surplus Narrows in December  
In December of 2013, Sweden's trade surplus fell to SEK 1.4 billion, compared to an upwardly revised SEK 4.9 billion a month earlier, but widened from SEK 300 million last year. For the whole 2013, the trade surplus decreased for the second consecutive year to SEK 59.4 billion.
Swedish Central Bank Lowers Repo Rate to 0.75%  
In its December 17th meeting, the Executive Board of the Riksbank has decided to cut the repo rate by 0.25 percentage points to 0.75 percent. The Board cited low inflation to cut the rate to its lowest level since September of 2010.
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.
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In October of 20103, Swedish trade surplus narrowed to SEK 4.4 billion, down from SEK 7.1 billion in October of 2012. Both exports and imports were down on the year, but exports decreased at a faster pace.
Swedish Trade Surplus Narrows in September  
In September, Sweden’s trade surplus decreased to SEK 5.6 billion from SEK 6.4 billion in September of 2012.The value of exports decreased by 3 percent, while the imports shrank by 2 percent.
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