Sweden's gross domestic product shrank by 7.7 percent year-on-year in the second quarter of 2020, the steepest contraction since records began in 1982 and compared to a preliminary estimate of an 8.2 percent slump.
GDP Annual Growth Rate in Sweden averaged 2.27 percent from 1982 until 2020, reaching an all time high of 7.50 percent in the fourth quarter of 2010 and a record low of -7.70 percent in the second quarter of 2020. 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 September of 2020. source: Statistics Sweden
GDP Annual Growth Rate in Sweden is expected to be -7.20 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 7.50 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.