Markets Actual Q3 Q4 Q1 Q2 2022
Currency 8.63 8.75 8.82 8.88 8.95 9.08
Stock Market (points) 2387.66 2321 2260 2200 2141 2029
Government Bond 10Y (%) 0.14 0.15 0.16 0.18 0.2 0.24

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.80 1.5 0.9 0.6 0.7 0.5
GDP Annual Growth Rate (%) 0.00 4 4.9 4.5 3.8 2.4
Unemployment Rate (%) 9.80 9 8.8 8.4 8.5 7.7
Inflation Rate (%) 1.30 1.5 1.9 1.5 1.2 1
Inflation Rate Mom (%) 0.10 0.4 0.3 0.3 0.4 0.3
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (SEK million) 5100.00 6000 -4000 1200 1200 -2000
Current Account (SEK Billion) 78.30 66.7 51 62 42 45
Current Account to GDP (% of GDP) 5.20 6 6 6.5 6.5 6.5
Government Debt to GDP (% of GDP) 39.90 40.8 40.8 39 39 39
Government Budget (% of GDP) -3.10 -3.3 -3.3 -0.6 -0.6 -0.6
Business Confidence (points) 118.80 112 109 105 108 111
Manufacturing PMI (points) 65.80 57.6 54 54.8 53.4 54.1
Services PMI (points) 67.40 63.4 57 57 55.7 55.1
Consumer Confidence (points) 109.40 108 107 106 108 110
Retail Sales MoM (%) 2.30 -1.2 0.4 0.7 0.4 0.5
Corporate Tax Rate (%) 20.60 20.6 22 20.6 20.6 20.6
Personal Income Tax Rate (%) 52.90 52.9 61.85 52.9 52.9 52.9

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.80 1.5 0.9 0.6 0.7 0.5
GDP Annual Growth Rate (%) 0.00 4 4.9 4.5 3.8 2.4
GDP (USD Billion) 537.61 510 510 550 550 550
GDP Constant Prices (SEK Million) 1273618.00 1262329 1241510 1292195 1287268 1323208
Gross National Product (SEK Million) 1302981.00 1373145 1356218 1400701 1395360 1434318
Gross Fixed Capital Formation (SEK Million) 308637.00 323042 305412 319577 318358 327247
GDP per capita (USD) 56068.26 58100 58100 60590 60590 60590
GDP per capita PPP (USD) 50683.32 53200 53200 54480 54480 54480
GDP From Agriculture (SEK Million) 16507.00 19048 12088 18169 18099 18605
GDP From Construction (SEK Million) 72525.00 83393 70844 79402 79099 81308
GDP From Manufacturing (SEK Million) 163265.00 138777 169683 171089 170436 175195
GDP From Mining (SEK Million) 8299.00 8810 5361 8391 8359 8592
GDP From Public Administration (SEK Million) 232789.00 236471 219203 232735 231848 238321
GDP From Services (SEK Million) 595240.00 576743 577317 590058 587808 604220
GDP From Transport (SEK Million) 43246.00 36160 45227 39954 39802 40913
GDP From Utilities (SEK Million) 30161.00 33592 30393 31360 31240 32112

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 9.80 9 8.8 8.4 8.5 7.7
Long Term Unemployment Rate (%) 1.90 1.6 1.8 1.7 1.6 1.5
Labour Costs (points) 141.30 136 146 144 144 148
Wages (SEK/Hour) 183.20 184 191 186 186 191
Wages in Manufacturing (SEK/Hour) 194.00 195 204 197 196 202
Population (Million) 10.33 10.41 10.41 10.49 10.49 10.49
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 62.00 62 62 62 62 62
Wage Growth (%) 2.20 2.5 2.7 2.4 2.2 2.4

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.30 1.5 1.9 1.5 1.2 1
Inflation Rate Mom (%) 0.10 0.4 0.3 0.3 0.4 0.3
Consumer Price Index CPI (points) 341.32 342 346 345 345 349
Core Consumer Prices (points) 223.69 224 226 227 227 230
Core Inflation Rate (%) 1.60 1.4 1.9 1.9 1.6 1.7
Producer Prices (points) 120.60 115 117 121 125 120
Producer Prices Change (%) 9.60 5.6 4.9 5 3.8 2.9
Food Inflation (%) -0.30 0.2 1 1.5 1.4 1.7
Inflation Expectations (%) 4.30 3.6 2.8 2.5 2.6 2.2
CPI Housing Utilities (points) 424.68 424 427 429 430 432
CPI Transportation (points) 486.41 468 478 484 492 483

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.03 -0.03 -0.03 -0.03 -0.03 -0.03
Deposit Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 -0.1
Lending Rate (%) 0.10 0.1 0.1 0.1 0.1 0.1
Loan Growth (%) 5.90 5.8 5.4 5.1 4.8 4.2

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (SEK million) 5100.00 6000 -4000 1200 1200 -2000
Current Account (SEK Billion) 78.30 66.7 51 62 42 45
Current Account to GDP (% of GDP) 5.20 6 6 6.5 6.5 6.5
Imports (SEK million) 128100.00 128900 124300 147300 124900 134500
Exports (SEK million) 133200.00 129800 125500 148500 129100 132500
Foreign Direct Investment (SEK Billion) 80.70 25.9 26 45 42 32.2

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 39.90 40.8 40.8 39 39 39
Government Budget (% of GDP) -3.10 -3.3 -3.3 -0.6 -0.6 -0.6
Government Budget Value (SEK Million) 36939.00 -26400 7695 -109050 13850 -98000
Government Spending (SEK Million) 334500.00 325400 326400 349589 349553 330000
Government Spending to GDP (% of GDP) 52.90 53 53 53 51 51
Government Revenues (SEK Million) 139590.00 84200 65950 96350 66200 68000
Fiscal Expenditure (SEK Million) 102651.00 79000 175000 82500 91600 166000

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 20.60 20.6 22 20.6 20.6 20.6
Personal Income Tax Rate (%) 52.90 52.9 61.85 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 2022
Business Confidence (points) 118.80 112 109 105 108 111
Manufacturing PMI (points) 65.80 57.6 54 54.8 53.4 54.1
Services PMI (points) 67.40 63.4 57 57 55.7 55.1
Industrial Production (%) 24.20 6.8 4.5 5.2 4.1 3.6
Industrial Production Mom (%) 0.10 -0.7 0.6 0.7 0.5 0.7
Manufacturing Production (%) 24.80 6.5 4.8 5.1 4.4 3.4
Business Inventories (SEK Million) 1516.30 4600 -6200 4500 1500 -3200

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 109.40 108 107 106 108 110
Retail Sales MoM (%) 2.30 -1.2 0.4 0.7 0.4 0.5
Retail Sales YoY (%) 10.30 6.5 4.2 4.6 5 3.8
Consumer Spending (SEK Million) 554982.00 561658 542954 571099 568921 584805
Disposable Personal Income (SEK Million) 594014.00 677451 559135 630756 628351 645895
Household Spending (%) 2.60 -1.2 0.5 0.7 0.6 0.5
Gasoline Prices (USD/Liter) 1.80 1.71 1.62 1.54 1.47 1.39


This page has economic forecasts for Sweden including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Sweden economy.