The Swedish economy advanced 1.6 percent year-on-year in the third quarter of 2018, slowing from an upwardly revised 2.7 percent growth in the previous period and missing market expectations of a 2.3 percent expansion. GDP Annual Growth Rate in Sweden averaged 2.63 percent from 1994 until 2018, reaching an all time high of 7.80 percent in the fourth quarter of 2010 and a record low of -6.20 percent in the first quarter of 2009.

GDP Annual Growth Rate in Sweden is expected to be 2.10 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 0.90 in 12 months time. In the long-term, the Sweden GDP Annual Growth Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.

Sweden GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-30 07:30 AM GDP Growth Rate YoY 3.3% 2.9% 3.4% 3.6%
2018-07-30 07:30 AM GDP Growth Rate YoY Flash 3.3% 3.3% 2.6% 2.8%
2018-09-13 07:30 AM GDP Growth Rate YoY Final 2.5% 2.8% 3.3% 3.3%
2018-11-29 08:30 AM GDP Growth Rate YoY 1.6% 2.7% 2.3% 2.7%
2019-02-28 08:30 AM GDP Growth Rate YoY 2.1%
2019-05-29 07:30 AM GDP Growth Rate YoY 2.2%
2019-07-30 07:30 AM GDP Growth Rate YoY Flash 2.3%


Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 0.50 2.50 -3.70 percent [+]
GDP Annual Growth Rate 1.60 2.70 7.80 -6.20 percent [+]
GDP 538.04 514.46 578.74 14.84 USD Billion [+]
GDP Constant Prices 1169836.00 1172534.00 1172534.00 515276.00 SEK Million [+]
Gross National Product 1184338.00 1219302.00 1233469.00 140327.00 SEK Million [+]
Gross Fixed Capital Formation 299809.00 297286.00 299886.00 99412.00 SEK Million [+]
GDP per capita 56935.19 56473.02 56935.19 18142.88 USD [+]
GDP per capita PPP 46949.28 46568.18 46949.28 29058.24 USD [+]
GDP From Agriculture 11669.00 11701.00 13663.00 9028.00 SEK Million [+]
GDP From Construction 65872.00 66538.00 71264.00 40277.00 SEK Million [+]
GDP From Manufacturing 159412.00 160735.00 178429.00 60377.00 SEK Million [+]
GDP From Mining 5136.00 5128.00 8331.00 4638.00 SEK Million [+]
GDP From Public Administration 205775.00 206753.00 207596.00 160899.00 SEK Million [+]
GDP From Services 544867.00 543314.00 544867.00 188361.00 SEK Million [+]
GDP From Transport 43175.00 43339.00 43389.00 22893.00 SEK Million [+]
GDP From Utilities 27846.00 28868.00 31292.00 13466.00 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. This page provides - Sweden GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 2.70 7.80 -6.20 1994 - 2018 percent Quarterly
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