Name: Sweden Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Sweden's economy expanded by 4.8 percent in 2021, the most since 2010 and rebounding from a 2.8 percent contraction in 2012, as vaccination efforts allowed for policymakers to soften public health rules and reopen several activities closed during the pandemic. source: Statistics Sweden

Full Year GDP Growth in Sweden averaged 2.09 percent from 1981 until 2020, reaching an all time high of 6 percent in 2010 and a record low of -4.30 percent in 2009. This page includes a chart with historical data for Sweden Full Year GDP Growth. Sweden Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Full Year GDP Growth in Sweden is expected to reach 3.40 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Full Year GDP Growth is projected to trend around 2.90 percent in 2023 and 3.20 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	1.40	-0.80	percent	Jun 2022
GDP Annual Growth Rate	4.20	3.00	percent	Jun 2022
GDP	627.44	541.49	USD Billion	Dec 2021

Sweden Full Year GDP Growth

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.