Markets Actual Q3 Q4 Q1 Q2 2023
Currency 11.28 11.53 11.76 12.01 12.25 12.76
Stock Market (points) 1819.94 1755 1694 1635 1579 1471
Government Bond 10Y (%) 2.28 2.39 2.63 2.9 3.19 3.85

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.90 -0.7 -0.5 0.4 0.3 0.3
GDP Annual Growth Rate (%) 3.80 1.5 1 1.5 1.5 1.3
Unemployment Rate (%) 6.60 8.1 7.7 7.6 7.6 7
Inflation Rate (%) 9.80 7.2 6 5.2 4.5 3.7
Inflation Rate MoM (%) 1.80 0.3 0.3 0.4 0.4 0.3
Interest Rate (%) 1.75 1.75 2.25 2.75 3 3
Balance of Trade (SEK Million) -18400.00 6700 -5600 2500 5300 -2600
Current Account (SEK Billion) 36.00 54 45 46 46 48
Current Account to GDP (% of GDP) 5.30 6.5 6.5 5.8 5.8 5.8
Government Debt to GDP (% of GDP) 36.70 39 39 38 38 38
Government Budget (% of GDP) -0.20 -0.6 -0.6 0.5 0.5 0.5
Business Confidence (points) 102.40 102 111 108 108 106
Manufacturing PMI (points) 50.60 48 54.1 53.8 53.8 52.9
Services PMI (points) 59.40 57.6 55.1 55 55 54
Consumer Confidence (points) 56.30 54 110 109 109 105
Retail Sales MoM (%) -0.60 -1 0.5 0.7 0.7 0.6
Corporate Tax Rate (%) 20.60 22 20.6 20.6 20.6 20.6
Personal Income Tax Rate (%) 52.90 61.85 52.9 52.9 52.9 52.9

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.90 -0.7 -0.5 0.4 0.3 0.3
GDP Annual Growth Rate (%) 3.80 1.5 1 1.5 1.5 1.3
GDP (USD Billion) 627.44 570 570 570 570 595
GDP Constant Prices (SEK Million) 1401517.00 1334487 1342830 1398010 1422540 1360287
Gross National Product (SEK Million) 1551788.00 1362601 1506696 1435744 1575065 1526283
Gross Fixed Capital Formation (SEK Million) 370384.00 336504 334431 351051 375940 338779
GDP per Capita (USD) 53692.53 60590 60590 60590 60590 61990
GDP per Capita PPP (USD) 53050.33 54480 54480 54480 54480 55050
Full Year GDP Growth (%) 4.80 3.4 3.4 2.9 2.9 2.9
GDP from Agriculture (SEK Million) 17365.00 17561 17225 17651 17651 17448
GDP from Construction (SEK Million) 83758.00 75811 75502 83428 83428 76483
GDP from Manufacturing (SEK Million) 174093.00 169017 169420 175869 175869 171623
GDP from Mining (SEK Million) 12402.00 7882 7886 9957 9957 7989
GDP from Public Administration (SEK Million) 241954.00 240007 238506 244929 244929 241607
GDP from Services (SEK Million) 661209.00 627682 635442 652869 652869 643702
GDP from Transport (SEK Million) 47509.00 45106 45920 47662 47662 46517
GDP from Utilities (SEK Million) 43361.00 30768 30400 40072 40072 30795

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 6.60 8.1 7.7 7.6 7.6 7
Long Term Unemployment Rate (%) 2.10 1.5 1.5 1.5 1.5 1.1
Labour Costs (points) 148.90 145 147 151 152 150
Wages (SEK/Hour) 188.10 183 187 187 193 192
Wages in Manufacturing (SEK/Hour) 201.70 196 199 198 207 203
Population (Million) 10.38 10.49 10.49 10.49 10.49 10.49
Retirement Age Women 62.00 62 62 62 62 63
Retirement Age Men 62.00 62 62 62 62 63
Wage Growth (%) 1.90 2.3 2.4 2.4 2.4 2.4

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 9.80 7.2 6 5.2 4.5 3.7
Inflation Rate MoM (%) 1.80 0.3 0.3 0.4 0.4 0.3
Consumer Price Index CPI (points) 377.81 371 374 379 388 387
Core Consumer Prices (points) 245.82 235 238 243 249 244
Core Inflation Rate (%) 9.00 3.7 3 2.8 2.8 2.5
Producer Prices (points) 139.30 120 124 134 141 128
Producer Prices Change (%) 22.00 3.4 2.9 2.9 2.9 2.9
Food Inflation (%) 14.00 14.1 11 8 5 1.7
Inflation Expectations (%) 10.30 10 2.2 2.2 2.2 2.1
CPI Housing Utilities (points) 498.22 471 486 480 490 504
CPI Transportation (points) 540.33 542 544 546 548 550

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 1.75 1.75 2.25 2.75 3 3
Interbank Rate (%) 1.91 1.91 2.41 2.91 3.16 3.16
Deposit Interest Rate (%) 1.65 1.65 2.15 2.65 2.9 2.9
Lending Rate (%) 1.85 1.85 2.35 2.85 3.1 3.1
Loan Growth (%) 5.60 4.5 4.2 4.2 4.2 3.6

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (SEK Million) -18400.00 6700 -5600 2500 5300 -2600
Current Account (SEK Billion) 36.00 54 45 46 46 48
Current Account to GDP (% of GDP) 5.30 6.5 6.5 5.8 5.8 5.8
Imports (SEK Million) 166900.00 151500 163200 187200 185900 169800
Exports (SEK Million) 148500.00 158200 157600 189700 191200 167200
Foreign Direct Investment (SEK Billion) 66.50 34 32.2 32.2 32.2 29

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 36.70 39 39 38 38 38
Government Budget (% of GDP) -0.20 -0.6 -0.6 0.5 0.5 0.5
Government Budget Value (SEK Million) 15434.00 6900 -98000 -98000 -98000 -99500
Government Spending (SEK Million) 349745.00 347332 346493 357184 354991 350997
Government Spending to GDP (% of GDP) 50.20 51 51 51 51 51
Government Revenues (SEK Million) 94296.00 87900 68000 68000 68000 72500
Fiscal Expenditure (SEK Million) 78862.00 81000 166000 166000 166000 172000

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 20.60 22 20.6 20.6 20.6 20.6
Personal Income Tax Rate (%) 52.90 61.85 52.9 52.9 52.9 52.9
Sales Tax Rate (%) 25.00 25 25 25 25 25
Social Security Rate (%) 38.42 38.42 38.42 38.42 38.42 38.42
Social Security Rate For Companies (%) 31.42 31.42 31.42 31.42 31.42 31.42
Social Security Rate For Employees (%) 7.00 7 7 7 7 7

Business Actual Q3 Q4 Q1 Q2 2023
Business Confidence (points) 102.40 102 111 108 108 106
Manufacturing PMI (points) 50.60 48 54.1 53.8 53.8 52.9
Services PMI (points) 59.40 57.6 55.1 55 55 54
Industrial Production (%) 7.80 3.8 3.6 3.6 3.6 2.5
Industrial Production Mom (%) 7.80 -0.6 0.7 0.7 0.7 0.4
Manufacturing Production (%) 0.70 4 3.4 3.4 3.4 2.6
Business Inventories (SEK Million) 1228.43 -2800 -3200 -3200 -3200 -2400

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Confidence (points) 56.30 54 110 109 109 105
Retail Sales MoM (%) -0.60 -1 0.5 0.7 0.7 0.6
Retail Sales YoY (%) -3.90 4.3 3.8 3.8 3.8 2.3
Consumer Spending (SEK Million) 624622.00 593951 599387 623209 633991 607179
Disposable Personal Income (SEK Million) 711190.00 613903 639058 655213 721858 647366
Household Spending MoM (%) -1.50 -1 0.5 0.6 0.6 0.4
Household Spending (%) 0.90 -1 0.5 0.5 0.4 0.4
Gasoline Prices (USD/Liter) 1.80 1.87 1.94 2.02 2.09 2.09


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Sweden Forecast - was last updated on Tuesday, September 27, 2022.