The Gross Domestic Product (GDP) in Sweden expanded 1.60 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Sweden averaged 2.65 percent from 1994 until 2019, 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. source: Statistics Sweden

GDP Annual Growth Rate in Sweden is expected to be 0.80 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 1.20 in 12 months time. In the long-term, the Sweden GDP Annual Growth Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.

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Sweden GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.00 7.70 -5.40 1994 - 2019 percent Quarterly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2019-05-29 07:30 AM GDP Growth Rate YoY Q1 2.1% 2.4% 1.7% 1.7%
2019-07-30 06:20 AM GDP Growth Rate YoY Flash Q2 1.4% 2.1% 1.9% 1.8%
2019-09-13 07:30 AM GDP Growth Rate YoY Final Q2 1% 1.5% 1.4% 1.4%
2019-11-29 08:30 AM GDP Growth Rate YoY Q3 1.6% 1% 1.8% 1.9%
2020-02-28 08:30 AM GDP Growth Rate YoY Q4 0.8%


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.

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 [+]