Markets Actual Q1 Q2 Q3 Q4 2020
Currency 9.18 9.31 9.38 9.45 9.53 9.67
Stock Market (points) 1605.03 1553 1534 1515 1496 1459
Government Bond 10Y (%) 0.28 0.42 0.44 0.47 0.49 0.55
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.20 0.4 0.4 0.5 0.5 0.5
GDP Annual Growth Rate (%) 2.40 1.7 1.2 1.4 1.3 1.7
Unemployment Rate (%) 6.60 6.4 6.9 6 6.3 6.5
Inflation Rate (%) 1.90 1.8 1.7 1.7 2.3 2.6
Interest Rate (%) -0.25 -0.25 -0.25 0 0 0.5
Balance of Trade (SEK million) 1200.00 1600 3000 -600 -5100 -4000
Current Account (SEK Billion) 39.60 25 9 40.2 36.6 30
Current Account to GDP (%) 3.20 3.4 3.4 3.4 3.4 3.7
Government Debt to GDP (%) 40.60 37 37 37 37 36
Government Budget (% of GDP) 1.30 1.1 1.1 1.1 1.1 1.5
Business Confidence (Index Points) 98.90 99.4 96.5 95.1 98.6 101
Manufacturing PMI 52.50 52.9 53.4 54 53.6 54.5
Services Pmi (Index Points) 55.90 55.1 56 55.7 55.9 54.5
Consumer Confidence (Index Points) 92.50 91.2 92.5 94 99.1 105
Retail Sales MoM (%) 0.80 0.7 -1 0.4 0.2 0.4
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 61.85 61.85 61.85 61.85 61.85 61.85
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 1.20 0.4 0.4 0.5 0.5 0.5
GDP Annual Growth Rate (%) 2.40 1.7 1.2 1.4 1.3 1.7
GDP (USD Billion) 538.04 575 575 575 575 600
GDP Constant Prices (SEK Million) 1183783.00 1176180 1178419 1186684 1199172 1219558
Gross National Product (SEK Million) 1293157.00 1182861 1224914 1201183 1309968 1332238
Gross Fixed Capital Formation (SEK Million) 291211.00 302474 297602 300230 294997 300012
GDP per capita (USD) 56935.19 57210 57210 57210 57210 58000
GDP per capita PPP (USD) 46949.28 48000 48000 48000 48000 49000
GDP From Agriculture (SEK Million) 11526.00 11903 11725 11716 11676 11874
GDP From Construction (SEK Million) 67550.00 68202 67501 68124 68428 69591
GDP From Manufacturing (SEK Million) 161793.00 162178 161010 161077 163896 166683
GDP From Mining (SEK Million) 5112.00 5248 5162 5237 5178 5266
GDP From Public Administration (SEK Million) 209011.00 207937 208517 210021 211728 215328
GDP From Services (SEK Million) 550473.00 541690 545459 551097 557629 567109
GDP From Transport (SEK Million) 43124.00 43695 43488 43613 43685 44427
GDP From Utilities (SEK Million) 28980.00 29473 29123 28576 29357 29856
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 6.60 6.4 6.9 6 6.3 6.5
Wages (SEK/Hour) 174.70 175 178 176 180 185
Wages in Manufacturing (SEK/Hour) 185.80 187 191 188 191 197
Population (Million) 10.12 10.21 10.21 10.21 10.24 10.36
Retirement Age Women 61.00 61 61 61 61 62
Retirement Age Men 61.00 61 61 61 61 62
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.90 1.8 1.7 1.7 2.3 2.6
Consumer Price Index CPI (Index Points) 331.02 332 334 337 340 348
Harmonised Consumer Prices (Index Points) 105.88 106 107 108 109 112
Core Consumer Prices (Index Points) 216.56 217 219 221 222 226
Core Inflation Rate (%) 1.90 1.8 1.7 1.7 2.1 1.8
Producer Prices (Index Points) 113.70 112 114 116 115 119
Producer Prices Change (%) 5.60 3.6 2.2 2.4 2.2 2.8
Food Inflation (%) 2.70 2.4 2.2 1.9 2 2.4
Inflation Expectations (%) 3.50 3 2.2 1.9 2 2.6
CPI Housing Utilities (Index Points) 415.07 408 408 413 419 430
CPI Transportation (Index Points) 444.02 443 455 455 458 470
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) -0.25 -0.25 -0.25 0 0 0.5
Interbank Rate (%) -0.02 -0.02 -0.02 -0.02 -0.02 0.38
Deposit Interest Rate (%) -1.00 -1 -1 -1 -1 -0.6
Lending Rate (%) 0.50 0.5 0.5 0.5 0.5 0.9
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (SEK million) 1200.00 1600 3000 -600 -5100 -4000
Current Account (SEK Billion) 39.60 25 9 40.2 36.6 30
Current Account to GDP (%) 3.20 3.4 3.4 3.4 3.4 3.7
Imports (SEK million) 124200.00 125400 121000 118100 120200 124500
Exports (SEK million) 125400.00 127000 124000 117500 115100 120500
Terms of Trade (Index Points) 101.80 99.53 99.87 99.71 99.87 99.85
Foreign Direct Investment (SEK Billion) -1.20 31.2 24.8 32.4 36.2 37.8
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 40.60 37 37 37 37 36
Government Budget (% of GDP) 1.30 1.1 1.1 1.1 1.1 1.5
Government Budget Value (SEK Million) 8713.00 7542 7440 7610 7687 7695
Government Spending (SEK Million) 304304.00 302808 303780 306734 308260 313500
Government Spending to GDP (%) 49.10 48 48 48 48 47.5
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 61.85 61.85 61.85 61.85 61.85 61.85
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 Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 98.90 99.4 96.5 95.1 98.6 101
Manufacturing PMI 52.50 52.9 53.4 54 53.6 54.5
Services Pmi (Index Points) 55.90 55.1 56 55.7 55.9 54.5
Industrial Production (%) 1.50 2.6 3.2 2.8 2.5 3
Industrial Production Mom (%) 0.10 0.4 0.5 0.6 0.8 0.6
Manufacturing Production (%) 2.70 2.7 3.4 2.9 2.6 3.2
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 92.50 91.2 92.5 94 99.1 105
Retail Sales MoM (%) 0.80 0.7 -1 0.4 0.2 0.4
Retail Sales YoY (%) 2.20 2.5 2.3 1.9 2 2.5
Consumer Spending (SEK Million) 517708.00 519238 521755 521530 524438 533354
Gasoline Prices (USD/Liter) 1.59 1.55 1.51 1.47 1.43 1.43
Household Spending (%) 0.70 1 -0.7 0.4 0.3 0.5


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.