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.