The Gross Domestic Product (GDP) in Sweden expanded 0.40 percent in the first quarter of 2020 over the same quarter of the previous year. It compares with preliminary estimates of a 0.5 percent gain.

GDP Annual Growth Rate in Sweden averaged 2.67 percent from 1994 until 2020, reaching an all time high of 7.70 percent in the fourth quarter of 2010 and a record low of -5.40 percent in the first quarter of 2009. This page provides - Sweden GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics Sweden

GDP Annual Growth Rate in Sweden is expected to be -12.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Sweden to stand at -2.20 in 12 months time. In the long-term, the Sweden GDP Annual Growth Rate is projected to trend around 6.20 percent in 2021 and 2.60 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Sweden GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.50 7.70 -5.40 1994 - 2020 percent Quarterly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-29 08:30 AM YoY Q3 1.6% 1% 1.8% 1.9%
2020-02-28 08:30 AM YoY Q4 0.8% 1.8% 0.8% 0.8%
2020-05-05 07:30 AM YoY Flash Q1 0.5% 0.7% -0.7%
2020-05-29 07:30 AM YoY Final Q1 0.4% 0.5% 0.5% 0.5%
2020-08-05 07:30 AM YoY Flash Q2 0.4% -12.6%
2020-08-28 07:30 AM YoY Final Q2 -12.6%
2020-11-05 08:30 AM YoY Flash Q3 -7.2%
2020-11-27 08:30 AM YoY Final Q3 -7.2%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.

Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.00 3.50 -3.80 percent [+]
GDP Annual Growth Rate 0.40 0.50 7.70 -5.40 percent [+]
GDP 575.00 551.03 579.36 14.84 USD Billion [+]
GDP Constant Prices 1259853.00 1229282.00 1259853.00 519710.00 SEK Million [+]
Gross National Product 1279738.00 1350155.00 1350155.00 140971.00 SEK Million [+]
Gross Fixed Capital Formation 306157.00 308516.00 315573.00 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 17470.00 18452.00 18452.00 10609.00 SEK Million [+]
GDP From Construction 75893.00 74079.00 75893.00 40619.00 SEK Million [+]
GDP From Manufacturing 164117.00 160486.00 172589.00 56751.00 SEK Million [+]
GDP From Mining 8413.00 6588.00 9993.00 4979.00 SEK Million [+]
GDP From Public Administration 225529.00 218387.00 225529.00 180417.00 SEK Million [+]
GDP From Services 582269.00 564166.00 582269.00 178733.00 SEK Million [+]
GDP From Transport 44468.00 43627.00 44661.00 24672.00 SEK Million [+]
GDP From Utilities 31428.00 33970.00 38105.00 16581.00 SEK Million [+]


Sweden GDP Annual Growth Rate
Sweden has an economy heavily oriented toward foreign trade with timber, hydro-power, and iron ore constituting its resource base. Engineering sector accounts for about 50 percent of output and exports. On the expenditure side, household consumption is the main component of 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.