Markets Actual Q4 Q1 Q2 Q3 2021
Currency 8.48 8.56 8.61 8.66 8.71 8.81
Stock Market (points) 1936.98 1887 1843 1799 1757 1673
Government Bond 10Y (%) -0.01 0 0.01 0.01 0.01 0.02

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 4.90 -0.8 1.4 1.7 1.2 0.8
GDP Annual Growth Rate (%) -2.50 -2.3 -0.8 7.5 4 3.8
Unemployment Rate (%) 7.80 10.4 9.9 9.2 9 8.8
Inflation Rate (%) 0.30 0.3 0.8 1.1 1 1.2
Inflation Rate Mom (%) -0.10 0.5 0.4 0.3 0.4 0.3
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (SEK million) 4700.00 -4000 -2000 4000 -1100 -4000
Current Account (SEK Billion) 63.20 32 26 21 27 28
Current Account to GDP (%) 3.90 3.2 3.6 3.6 3.6 3.6
Government Debt to GDP (%) 35.10 45 40 40 40 40
Government Budget (% of GDP) 0.50 -6.5 -2.3 -2.3 -2.3 -2.3
Business Confidence (points) 94.90 95.5 85 88 87 91
Manufacturing PMI (points) 58.20 47 50 52 53.7 54
Services PMI (points) 55.00 48 50.4 52 53.8 55
Consumer Confidence (points) 88.30 89.5 85 88 89 91
Retail Sales MoM (%) 0.50 1 0.9 0.5 -1.2 0.4
Corporate Tax Rate (%) 21.40 22 21.4 21.4 21.4 22
Personal Income Tax Rate (%) 57.20 61.85 57.2 57.2 57.2 61.85

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) 4.90 -0.8 1.4 1.7 1.2 0.8
GDP Annual Growth Rate (%) -2.50 -2.3 -0.8 7.5 4 3.8
GDP (USD Billion) 530.83 450 510 510 510 510
GDP Constant Prices (SEK Million) 1221860.00 1231166 1252484 1244592 1204070 1277950
Gross National Product (SEK Million) 1228091.00 1315904 1267867 1355643 1311506 1365908
Gross Fixed Capital Formation (SEK Million) 301976.00 301803 304194 314691 304445 313272
GDP per capita (USD) 57975.10 56000 58100 58100 58100 58100
GDP per capita PPP (USD) 53205.10 52400 53200 53200 53200 53200
GDP From Agriculture (SEK Million) 17672.00 17778 18042 18814 18201 18454
GDP From Construction (SEK Million) 76622.00 74825 76182 81227 78582 77668
GDP From Manufacturing (SEK Million) 159297.00 159988 165246 136018 131589 166067
GDP From Mining (SEK Million) 8141.00 7988 8242 8683 8400 8291
GDP From Public Administration (SEK Million) 223358.00 221360 225256 233945 226328 229772
GDP From Services (SEK Million) 556934.00 565636 573806 575917 557166 587130
GDP From Transport (SEK Million) 36812.00 44029 43998 36548 35358 45703
GDP From Utilities (SEK Million) 30653.00 30292 31553 32724 31659 31443

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 7.80 10.4 9.9 9.2 9 8.8
Long Term Unemployment Rate (%) 1.20 2.1 1.7 1.5 1.6 1.8
Labour Costs (points) 137.90 141 137 135 135 146
Wages (SEK/Hour) 172.80 185 179 178 182 191
Wages in Manufacturing (SEK/Hour) 187.40 197 191 190 193 204
Population (Million) 10.23 10.36 10.48 10.48 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 (%) 1.10 0.5 1.1 1.6 1.8 1.7

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 0.30 0.3 0.8 1.1 1 1.2
Inflation Rate Mom (%) -0.10 0.5 0.4 0.3 0.4 0.3
Consumer Price Index CPI (points) 336.97 339 337 341 341 343
Harmonised Consumer Prices (points) 107.99 112 112 112 112 115
Core Consumer Prices (points) 220.38 222 220 223 223 225
Core Inflation Rate (%) 0.30 0.5 1 1.2 1.3 1.5
Producer Prices (points) 109.70 119 111 111 113 122
Producer Prices Change (%) -4.20 -1 0.3 1 3.6 2.2
Food Inflation (%) 1.50 1.5 1.2 1.6 1.7 1.9
Inflation Expectations (%) 3.90 3.6 1.8 1.7 1.6 1.6
CPI Housing Utilities (points) 414.54 418 415 418 422 423
CPI Transportation (points) 462.08 469 458 468 465 474

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.10 0.11 -0.02 -0.02 -0.02 0.61
Deposit Interest Rate (%) -0.10 -0.6 -0.1 -0.1 -0.1 -0.1
Lending Rate (%) 0.10 0.6 0.1 0.1 0.1 1.1

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (SEK million) 4700.00 -4000 -2000 4000 -1100 -4000
Current Account (SEK Billion) 63.20 32 26 21 27 28
Current Account to GDP (%) 3.90 3.2 3.6 3.6 3.6 3.6
Imports (SEK million) 123400.00 116500 127500 117900 128900 120300
Exports (SEK million) 128100.00 109500 125500 121900 127800 114500
Foreign Direct Investment (SEK Billion) -12.50 -12 36.2 38.4 25.9 26

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 35.10 45 40 40 40 40
Government Budget (% of GDP) 0.50 -6.5 -2.3 -2.3 -2.3 -2.3
Government Budget Value (SEK Million) -35969.00 7695 -149400 -50400 -33400 7695
Government Spending (SEK Million) 326347.00 326200 329100 328500 325400 326400
Government Spending to GDP (%) 49.30 54 51 51 51 51
Government Revenues (SEK Million) 77708.00 41600 75900 52500 74200 47950
Fiscal Expenditure (SEK Million) 113677.00 191000 126300 85900 79000 175000

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 21.40 22 21.4 21.4 21.4 22
Personal Income Tax Rate (%) 57.20 61.85 57.2 57.2 57.2 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 Q4 Q1 Q2 Q3 2021
Business Confidence (points) 94.90 95.5 85 88 87 91
Manufacturing PMI (points) 58.20 47 50 52 53.7 54
Services PMI (points) 55.00 48 50.4 52 53.8 55
Industrial Production (%) -2.40 -2 2.5 3 3.8 3.2
Industrial Production Mom (%) -1.40 -0.6 0.5 0.4 -0.7 0.6
Manufacturing Production (%) -2.20 -1.8 2.4 3.2 4.1 3
Business Inventories (SEK Million) -5343.96 10900 -2400 -3800 -4600 -6200

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 88.30 89.5 85 88 89 91
Retail Sales MoM (%) 0.50 1 0.9 0.5 -1.2 0.4
Retail Sales YoY (%) 3.60 -2.6 2 3.6 2.5 3
Consumer Spending (SEK Million) 547115.00 562987 555256 555263 537185 584381
Disposable Personal Income (SEK Million) 574531.00 570142 586841 665569 643899 591807
Household Spending (%) 0.60 0.5 1 0.6 -1.2 0.5
Gasoline Prices (USD/Liter) 1.50 1.54 1.39 1.32 1.25 1.47


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.