The Swedish economy shrank 0.9 percent quarter-on-quarter in Q4 of 2022, compared with a flash figure of a 0.6% fall and after a downwardly revised 0.2% rise in Q3. This was the first contraction in the economy in three quarters, with both household consumption (-0.2%) and fixed investment (-0.8%) falling. Meantime, government spending grew by 0.2%, amid marginal contribution from net trade as exports dropped by 1.0% while imports were down 1.1%. On an annual basis, the economy also contracted 0.9%, the first drop since Q4 of 2020, after an upwardly revised 2.7% expansion in Q3. source: Statistics Sweden
GDP Growth Rate in Sweden averaged 0.55 percent from 1981 until 2022, reaching an all time high of 7.50 percent in the third quarter of 2020 and a record low of -8.10 percent in the second quarter of 2020. This page provides - Sweden GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
GDP Growth Rate in Sweden is expected to be -0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden GDP Growth Rate is projected to trend around 0.30 percent in 2024, according to our econometric models.