Sweden’s GDP expanded 0.3 percent on quarter in the three months to September 2019, accelerating from an upwardly revised 0.2 percent advance in the previous period and above market expectations of 0.2 percent. Government expenditure (0.2 percent vs -0.2 percent in Q2) and gross fixed capital formation (0.5 percent vs -0.9 percent) rebounded while household consumption slowed (0.4 percent vs 11 percent). Also, net foreign demand contributed positively to growth, as exports climbed 1.4 percent (vs 0.5 percent in Q2) while imports rose at a softer 0.8 percent (vs 0.6 percent). Year-on-year, the GDP grew 1.6 percent, well above a 1 percent gain in Q2 but below market consensus of 1.8 percent.

GDP Growth Rate in Sweden averaged 0.56 percent from 1981 until 2019, reaching an all time high of 3.50 percent in the first quarter of 2010 and a record low of -3.80 percent in the fourth quarter of 2008. This page provides - Sweden GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Sweden

GDP Growth Rate in Sweden is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Sweden to stand at 0.40 in 12 months time. In the long-term, the Sweden GDP Growth Rate is projected to trend around 0.30 percent in 2020, according to our econometric models.


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Sweden GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.20 3.50 -3.80 1981 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-05-29 07:30 AM GDP Growth Rate QoQ Q1 0.6% 1.2% 0.2% 0.4%
2019-07-30 06:20 AM GDP Growth Rate QoQ Flash Q2 -0.1% 0.5% 0.3% 0.4%
2019-09-13 07:30 AM GDP Growth Rate QoQ Final Q2 0.1% 0.1% -0.1% -0.1%
2019-11-29 08:30 AM GDP Growth Rate QoQ Q3 0.3% 0.2% 0.2% 0.3%
2020-02-28 08:30 AM GDP Growth Rate QoQ Q4 0.2%


News Stream
2019-09-13
Swedish Q2 GDP Growth Revised Up to 0.1%
The Swedish economy advanced 0.1 percent on quarter in the three months June 2019, higher than a preliminary estimate and market expectations of a 0.1 percent contraction, the same pace in the previous period, final figures showed. Household consumption increased 1.1 percent (vs -0.3 percent in Q1) while government spending shrank 0.1 percent (vs 0.3 percent in Q1) and gross fixed capital formation declined 1.0 percent (vs -0.3 percent in Q1), mainly due to reduced investments in housing. Changes in inventories contributed to GDP growth by 0.1 percentage points. Meantime, net external demand contributed negatively, as exports remained unchanged (vs 0.9 percent in Q1) while imports rose 0.3 percent (vs -0.4 percent in Q1). Year-on-year, the economy grew 1 percent, lower than a preliminary estimate and consensus of a 1.4 percent expansion and easing from a downwardly revised 1.5 percent in the first quarter of the year.

2019-07-30
Swedish Economy Unexpectedly Contracts in Q2
Sweden's GDP contracted 0.1 percent in the second quarter of 2019, following a downwardly revised 0.5 percent expansion in the previous three-month period and missing market expectations of a 0.3 percent growth, a preliminary estimate showed. Gross fixed capital formation shrank 1.1 percent (vs -0.7 percent in Q1) and government spending declined 0.1 percent (vs unchanged in Q1), while household consumption rebounded firmly by 0.6 percent (vs -0.1 percent in Q1). Meanwhile, net external demand contributed positively as imports dropped 0.5 percent (vs -1 percent in Q1) and exports decreased at a slower 0.3 percent (vs 0.7 percent in Q1). Year-on-year, the economy grew 1.4 percent, also missing market consensus of 1.9 percent.

2019-05-29
Swedish GDP Growth Rate Slows to 0.6% QoQ in Q1
The Swedish economy grew 0.6 percent on quarter in the three months to March 2019, slowing from a 1.2 percent expansion in the previous period but beating market expectations of a 0.2 percent gain. Government spending grew much less (0.1 percent vs 0.4 percent in Q4) while both household consumption (-0.2 percent vs 0.6 percent) and fixed investment (-0.4 percent vs 1.1 percent) decreased. Changes in inventories provided no significant contribution to GDP growth in the first quarter. Meanwhile, net external demand contributed positively to growth, as exports rose (0.8 percent vs 3.1 percent in Q4) while imports fell (-0.7 percent vs 2.3 percent in Q4). Year-on-year, the GDP advanced 2.1 percent compared with a 2.4 percent growth in Q4 and market consensus of 1.7 percent.

2019-02-28
Swedish GDP Growth Accelerates to 1-1/2-Year High
The Swedish economy grew 1.2 percent on quarter in the three months to December 2018, recovering from a 0.1 percent contraction in the previous period and easily beating market consensus of 0.6 percent. It was the strongest pace of expansion since the second quarter of 2017 buoyed by solid increases in household consumption, government spending and exports, as well as a positive contribution from inventory changes.


Sweden GDP Growth Rate
On the expenditure side, household consumption is the main component of Swedish 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.

Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.20 3.50 -3.80 percent [+]
GDP Annual Growth Rate 1.60 1.00 7.70 -5.40 percent [+]
GDP 551.03 535.61 579.36 14.84 USD Billion [+]
GDP Constant Prices 1225905.00 1222448.00 1225905.00 519710.00 SEK Million [+]
Gross National Product 1248418.00 1295426.00 1304852.00 140971.00 SEK Million [+]
Gross Fixed Capital Formation 309588.00 308021.00 315156.00 106366.00 SEK Million [+]
GDP per capita 57232.10 56610.70 57232.10 18142.88 USD [+]
GDP per capita PPP 47193.60 46681.20 47193.60 29098.00 USD [+]
GDP From Agriculture 17916.00 17671.00 18042.00 10609.00 SEK Million [+]
GDP From Construction 72721.00 73141.00 74285.00 40619.00 SEK Million [+]
GDP From Manufacturing 162654.00 162494.00 172589.00 56751.00 SEK Million [+]
GDP From Mining 6336.00 6393.00 9993.00 4979.00 SEK Million [+]
GDP From Public Administration 218239.00 219147.00 220303.00 180417.00 SEK Million [+]
GDP From Services 563344.00 558543.00 563344.00 178733.00 SEK Million [+]
GDP From Transport 44126.00 43852.00 44661.00 24672.00 SEK Million [+]
GDP From Utilities 34265.00 34116.00 38105.00 16581.00 SEK Million [+]