Markets Actual Q2 Q3 Q4 Q1 2021
Currency 9.19 9.38 9.43 9.49 9.54 9.65
Stock Market (points) 1700.48 1670 1631 1593 1555 1481
Government Bond 10Y (%) 0.05 0.03 0.03 0.03 0.04 0.04

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 0.10 -9.2 2.4 1.5 1.4 0.9
GDP Annual Growth Rate (%) 0.40 -12.6 -7.2 -5.8 -2.2 6.2
Unemployment Rate (%) 8.20 9.5 10.1 10.4 9.9 8.8
Inflation Rate (%) -0.40 -0.6 0.2 0.3 0.8 1.2
Inflation Rate Mom (%) -0.30 -0.6 -0.3 0.5 0.4 0.3
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (SEK million) 7600.00 2400 5800 -4000 2000 -4000
Current Account (SEK Billion) 38.80 15 34 32 26 28
Current Account to GDP (%) 3.90 3.2 3.2 3.2 3.6 3.6
Government Debt to GDP (%) 35.10 41 41 41 40 40
Government Budget (% of GDP) 0.50 -4.9 -4.9 -4.9 -2.3 -2.3
Business Confidence (points) 58.20 78 79 83 85 91
Manufacturing PMI (points) 39.20 46.4 42 47 50 54
Services Pmi (points) 40.90 38 44 48 50.4 55
Consumer Confidence (points) 77.30 72 75 78 85 91
Retail Sales MoM (%) 0.20 -0.4 0.6 1 0.9 0.4
Corporate Tax Rate (%) 21.40 21.4 21.4 21.4 21.4 21.4
Personal Income Tax Rate (%) 57.20 57.2 57.2 57.2 57.2 57.2

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) 0.10 -9.2 2.4 1.5 1.4 0.9
GDP Annual Growth Rate (%) 0.40 -12.6 -7.2 -5.8 -2.2 6.2
GDP (USD Billion) 575.00 495 495 495 555 555
GDP Constant Prices (SEK Million) 1259853.00 1171422 1197894 1157984 1202238 1229779
Gross National Product (SEK Million) 1279738.00 1241018 1218456 1271846 1320452 1350700
Gross Fixed Capital Formation (SEK Million) 306157.00 294996 302435 290622 301729 308641
GDP per capita (USD) 57232.10 56000 56000 56000 58100 58100
GDP per capita PPP (USD) 47193.60 46400 46400 46400 48200 48200
GDP From Agriculture (SEK Million) 17470.00 16929 17486 17382 18046 18459
GDP From Construction (SEK Million) 75893.00 70069 70976 69782 72449 74109
GDP From Manufacturing (SEK Million) 164117.00 155669 158750 151178 156955 160551
GDP From Mining (SEK Million) 8413.00 6124 6184 6206 6443 6591
GDP From Public Administration (SEK Million) 225529.00 209943 213001 205721 213582 218475
GDP From Services (SEK Million) 582269.00 535084 549824 531444 551754 564394
GDP From Transport (SEK Million) 44468.00 42010 43067 41097 42667 43645
GDP From Utilities (SEK Million) 31428.00 32683 33443 32000 33223 33984

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 8.20 9.5 10.1 10.4 9.9 8.8
Labour Costs (points) 133.80 136 135 137 138 139
Wages (SEK/Hour) 176.50 179 175 179 180 183
Wages in Manufacturing (SEK/Hour) 187.70 193 186 191 192 195
Population (Million) 10.23 10.36 10.36 10.36 10.48 10.48
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 62.00 62 62 62 62 62
Wage Growth (%) 2.50 1 0.2 0.5 1.1 1.9

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) -0.40 -0.6 0.2 0.3 0.8 1.2
Inflation Rate Mom (%) -0.30 -0.6 -0.3 0.5 0.4 0.3
Consumer Price Index CPI (points) 332.90 332 337 339 337 343
Harmonised Consumer Prices (points) 106.58 108 108 112 112 115
Core Consumer Prices (points) 217.59 216 220 226 220 230
Core Inflation Rate (%) -0.40 -1 0.2 0.6 1 1.5
Producer Prices (points) 111.10 110 111 113 111 115
Producer Prices Change (%) -3.00 -4.2 -2.3 -1 0.3 1.4
Food Inflation (%) 3.50 1.5 0.9 1 1.2 1.9
Inflation Expectations (%) 3.10 -0.8 0.2 0.5 0.8 1.2
CPI Housing Utilities (points) 409.64 408 416 418 415 423
CPI Transportation (points) 448.96 458 458 469 458 474

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) 0.16 0.34 0.34 0.34 0.34 0.34
Deposit Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 -0.1
Lending Rate (%) 0.20 0.2 0.2 0.2 0.2 0.2

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (SEK million) 7600.00 2400 5800 -4000 2000 -4000
Current Account (SEK Billion) 38.80 15 34 32 26 28
Current Account to GDP (%) 3.90 3.2 3.2 3.2 3.6 3.6
Imports (SEK million) 99100.00 109400 114100 116500 118500 120300
Exports (SEK million) 106700.00 111800 119900 109500 120500 114500
Foreign Direct Investment (SEK Billion) 21.40 27 25.9 15.1 36.2 26

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 35.10 41 41 41 40 40
Government Budget (% of GDP) 0.50 -4.9 -4.9 -4.9 -2.3 -2.3
Government Budget Value (SEK Million) -38834.00 -42100 62600 -168400 -1400 -127050
Government Spending (SEK Million) 325528.00 302657 309317 298439 309844 316942
Government Spending to GDP (%) 49.30 54 54 54 51 51
Government Revenues (SEK Million) 49286.00 52900 67400 41600 75900 47950
Fiscal Expenditure (SEK Million) 88120.00 95000 4800 210000 77300 175000

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 21.40 21.4 21.4 21.4 21.4 21.4
Personal Income Tax Rate (%) 57.20 57.2 57.2 57.2 57.2 57.2
Sales Tax Rate (%) 25.00 25 25 25 25 25
Social Security Rate (%) 38.42 38.42 38.42 38.42 38.42 38.42
Social Security Rate For Companies (%) 31.42 31.42 31.42 31.42 31.42 31.42
Social Security Rate For Employees (%) 7.00 7 7 7 7 7

Business Actual Q2 Q3 Q4 Q1 2021
Business Confidence (points) 58.20 78 79 83 85 91
Manufacturing PMI (points) 39.20 46.4 42 47 50 54
Services Pmi (points) 40.90 38 44 48 50.4 55
Industrial Production (%) -16.60 -6.2 -2.9 -2 2.5 3.2
Industrial Production Mom (%) -16.40 1 -0.8 -0.6 0.5 0.6
Manufacturing Production (%) -17.30 -6 -2.6 -1.8 2.4 3
Business Inventories (SEK Million) 5242.49 25600 16400 10900 -2400 -6200

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) 77.30 72 75 78 85 91
Retail Sales MoM (%) 0.20 -0.4 0.6 1 0.9 0.4
Retail Sales YoY (%) -1.30 -4.7 -2.1 -2.6 2 3
Consumer Spending (SEK Million) 562816.00 522204 534631 519787 539652 552014
Disposable Personal Income (SEK Million) 596414.00 665502 543827 536706 557217 569982
Household Spending (%) -5.40 -0.6 0.7 0.5 1 0.5
Gasoline Prices (USD/Liter) 1.37 1.16 1.1 1.05 0.99 0.94


This page has economic forecasts for Sweden including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Sweden economy.