Markets Actual Q4 Q1 Q2 Q3 2022
Currency 8.59 8.64 8.7 8.76 8.82 8.95
Stock Market (points) 2323.17 2291 2235 2180 2126 2023
Government Bond 10Y (%) 0.31 0.45 0.49 0.54 0.6 0.72

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.90 1.4 0.9 0.7 0.6 0.5
GDP Annual Growth Rate (%) 9.70 4.9 4.5 3.8 3.2 2.4
Unemployment Rate (%) 8.20 8.5 8.4 8.3 8.1 7.7
Inflation Rate (%) 2.50 2.4 1.7 2 1.6 1.4
Inflation Rate Mom (%) 0.50 0.3 0.3 0.4 0.3 0.3
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (SEK million) 6300.00 1200 1200 4200 1600 -2000
Current Account (SEK Billion) 80.30 51 62 42 54 45
Current Account to GDP (% of GDP) 5.20 6 6.5 6.5 6.5 6.5
Government Debt to GDP (% of GDP) 39.90 40.8 39 39 39 39
Government Budget (% of GDP) -3.10 -3.3 -0.6 -0.6 -0.6 -0.6
Business Confidence (points) 118.80 112 109 108 110 111
Manufacturing PMI (points) 64.60 54 54.8 53.4 54 54.1
Services PMI (points) 69.60 57 56.4 55.7 54.9 55.1
Consumer Confidence (points) 107.30 107 106 108 109 110
Retail Sales MoM (%) 0.70 0.4 0.7 0.4 -1 0.5
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 Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 0.90 1.4 0.9 0.7 0.6 0.5
GDP Annual Growth Rate (%) 9.70 4.9 4.5 3.8 3.2 2.4
GDP (USD Billion) 537.61 550 570 570 570 570
GDP Constant Prices (SEK Million) 1286979.00 1327363 1333086 1335884 1328162 1359219
Gross National Product (SEK Million) 1398215.00 1416940 1359537 1451347 1442958 1450946
Gross Fixed Capital Formation (SEK Million) 325675.00 326610 327977 338051 336097 334449
GDP per capita (USD) 56068.26 58100 60590 60590 60590 60590
GDP per capita PPP (USD) 50683.32 53200 54480 54480 54480 54480
GDP From Agriculture (SEK Million) 16937.00 17553 17444 17581 17479 17974
GDP From Construction (SEK Million) 74877.00 76968 76827 77722 77273 78816
GDP From Manufacturing (SEK Million) 161441.00 169398 169773 167576 166607 173463
GDP From Mining (SEK Million) 8200.00 8716 8636 8512 8462 8925
GDP From Public Administration (SEK Million) 236098.00 242162 244730 245070 243653 247974
GDP From Services (SEK Million) 599895.00 616417 621405 622691 619092 631211
GDP From Transport (SEK Million) 43746.00 43343 44889 45408 45146 44383
GDP From Utilities (SEK Million) 29540.00 30663 31396 30663 30485 31399

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 8.20 8.5 8.4 8.3 8.1 7.7
Long Term Unemployment Rate (%) 1.90 1.8 1.7 1.6 1.5 1.5
Labour Costs (points) 141.90 144 144 146 145 148
Wages (SEK/Hour) 181.10 188 187 189 185 192
Wages in Manufacturing (SEK/Hour) 194.50 199 198 201 199 204
Population (Million) 10.33 10.41 10.49 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 (%) 2.90 2.7 2.8 2.5 2.3 2.4

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 2.50 2.4 1.7 2 1.6 1.4
Inflation Rate Mom (%) 0.50 0.3 0.3 0.4 0.3 0.3
Consumer Price Index CPI (points) 345.74 347 345 348 351 352
Core Consumer Prices (points) 226.72 228 227 227 231 232
Core Inflation Rate (%) 2.80 2.7 2 1.6 1.7 1.7
Producer Prices (points) 128.10 122 121 125 132 125
Producer Prices Change (%) 17.20 9.5 5 3.8 3.4 2.9
Food Inflation (%) 0.90 1 1.5 1.4 1.5 1.7
Inflation Expectations (%) 5.10 2.8 2.5 2.6 2.4 2.2
CPI Housing Utilities (points) 439.53 429 430 433 447 435
CPI Transportation (points) 489.24 491 492 494 496 497

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.08 -0.08 -0.08 -0.08 -0.08 -0.08
Deposit Interest Rate (%) -0.10 -0.1 -0.1 -0.1 -0.1 -0.1
Lending Rate (%) 0.10 1.1 0.1 0.1 0.1 0.1
Loan Growth (%) 6.50 6.2 5.1 4.8 4.5 4.2

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (SEK million) 6300.00 1200 1200 4200 1600 -2000
Current Account (SEK Billion) 80.30 51 62 42 54 45
Current Account to GDP (% of GDP) 5.20 6 6.5 6.5 6.5 6.5
Imports (SEK million) 139900.00 124300 147300 124900 134600 134500
Exports (SEK million) 146200.00 125500 148500 129100 136200 132500
Foreign Direct Investment (SEK Billion) 72.80 26 45 42 34 32.2

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 39.90 40.8 39 39 39 39
Government Budget (% of GDP) -3.10 -3.3 -0.6 -0.6 -0.6 -0.6
Government Budget Value (SEK Million) 43428.00 -109050 13850 -25400 6900 -98000
Government Spending (SEK Million) 341045.00 351270 353549 354005 351958 359701
Government Spending to GDP (% of GDP) 52.90 53 53 51 51 51
Government Revenues (SEK Million) 117350.00 65950 96350 66200 87900 68000
Fiscal Expenditure (SEK Million) 73922.00 175000 82500 91600 81000 166000

Taxes Actual Q4 Q1 Q2 Q3 2022
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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 118.80 112 109 108 110 111
Manufacturing PMI (points) 64.60 54 54.8 53.4 54 54.1
Services PMI (points) 69.60 57 56.4 55.7 54.9 55.1
Industrial Production (%) 0.80 4.5 5.2 4.1 3.8 3.6
Industrial Production Mom (%) -3.70 0.6 0.7 0.5 -0.6 0.7
Manufacturing Production (%) 1.00 4.8 5.1 4.4 4 3.4
Business Inventories (SEK Million) -6164.70 -6200 4500 1500 -2800 -3200

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 107.30 107 106 108 109 110
Retail Sales MoM (%) 0.70 0.4 0.7 0.4 -1 0.5
Retail Sales YoY (%) 6.60 4.2 4.6 5 4.3 3.8
Consumer Spending (SEK Million) 563654.00 580696 583069 585073 581691 594633
Disposable Personal Income (SEK Million) 692195.00 626566 634394 718498 714345 641603
Household Spending (%) -1.10 0.5 0.7 0.6 -1 0.5
Gasoline Prices (USD/Liter) 1.88 1.79 1.7 1.61 1.53 1.45


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 Thursday, October 28, 2021.