Sweden's gross domestic product advanced 0.9 percent on quarter in the three months to June 2022, compared with a preliminary estimate of 1.4% and accelerating from a revised 0.2 percent growth in the previous period, as consumption strengthened due to lifting COVID-19 restrictions. The GDP growth was boosted by an increase in both household spending (1.6%) and investment (3.3%). On the other hand, government spending fell by 0.3%, while net external demand contributed negatively to the GDP as exports grew 1.1% while imports rose at a faster 2.5%. On an annual basis, the economy expanded by 3.8 percent in the second quarter, easing from an upwardly revised 3.9% expansion in the first quarter. 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 September of 2022.

GDP Growth Rate in Sweden is expected to be -0.70 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.

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Sweden GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-28 06:00 AM QoQ Flash Q2 1.4% -0.8% 0.7% 0.3%
2022-08-29 06:00 AM QoQ Final Q2 0.9% 0.2% 1.4% 1.4%
2022-10-28 06:00 AM QoQ Flash Q3 0.9% -0.7%


Related Last Previous Unit Reference
GDP Growth Rate 0.90 0.20 percent Jun 2022
GDP Annual Growth Rate 3.80 3.90 percent Jun 2022
GDP Constant Prices 1401517.00 1377350.00 SEK Million Jun 2022
Gross National Product 1551788.00 1414526.00 SEK Million Jun 2022
Gross Fixed Capital Formation 370384.00 345863.00 SEK Million Jun 2022
Full Year GDP Growth 4.80 -2.80 percent Dec 2021
GDP from Utilities 43361.00 39480.00 SEK Million Jun 2022
GDP from Transport 47509.00 46958.00 SEK Million Jun 2022
GDP from Services 661209.00 643221.00 SEK Million Jun 2022
GDP from Public Administration 241954.00 241309.00 SEK Million Jun 2022
GDP from Mining 12402.00 9810.00 SEK Million Jun 2022
GDP from Manufacturing 174093.00 173270.00 SEK Million Jun 2022
GDP from Construction 83758.00 82195.00 SEK Million Jun 2022
GDP from Agriculture 17365.00 17390.00 SEK Million Jun 2022

Sweden GDP Growth Rate
On the expenditure side, household consumption is the main component of Swedish 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.
Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.20 7.00 -7.80 1981 - 2022 percent Quarterly

News Stream
Swedish Q2 GDP Growth Revised Lower
Sweden's gross domestic product advanced 0.9 percent on quarter in the three months to June 2022, compared with a preliminary estimate of 1.4% and accelerating from a revised 0.2 percent growth in the previous period, as consumption strengthened due to lifting COVID-19 restrictions. The GDP growth was boosted by an increase in both household spending (1.6%) and investment (3.3%). On the other hand, government spending fell by 0.3%, while net external demand contributed negatively to the GDP as exports grew 1.1% while imports rose at a faster 2.5%. On an annual basis, the economy expanded by 3.8 percent in the second quarter, easing from an upwardly revised 3.9% expansion in the first quarter.
2022-08-29
Swedish Q2 GDP Growth Beats Estimates
Sweden's gross domestic product expanded 1.4 percent on quarter in the three months to June 2022, rebounding from a 0.8 percent contraction in the previous period and beating market expectations of a 0.7 percent growth. It was the strongest growth in the GDP since the third quarter of 2021 amid lifting COVID-19 restrictions. Year-on-year, the GDP grew 4.2 percent, accelerating from a 3 percent rise in Q1, preliminary estimates showed. The government sees growth at 3.1 percent this year.
2022-07-28
Sweden Q1 GDP Shrinks More than Initially Thought
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.
2022-05-30