Sweden's gross domestic product shrank 0.8 percent on quarter in the three months to March 2022, compared with the flash figure of a 0.4 percent contraction and after a final 1.1 percent expansion in the previous period. It was the first decline in GDP since the second quarter of 2020, amid a broad-based downturn in household consumption, government spending, and fixed investment. In addition, net exports contributed negatively, as imports increased considerably more than imports. Year-on-year, the GDP advanced 3 percent, compared with estimates of a 3.5 percent growth and after a 5.2 percent expansion in the December quarter. The government sees growth at 3.1 percent this year. source: Statistics Sweden
GDP Growth Rate in Sweden averaged 0.55 percent from 1981 until 2022, reaching an all time high of 7 percent in the third quarter of 2020 and a record low of -7.80 percent in the second quarter of 2020. This page provides - Sweden GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
GDP Growth Rate in Sweden is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden GDP Growth Rate is projected to trend around 0.30 percent in 2023 and 0.40 percent in 2024, according to our econometric models.