The Swedish economy contracted 0.6 percent on quarter in the three months to December of 2022, the first decline in three quarters, preliminary estimates showed. Compared to the same quarter last year, the economy also shrank 0.6 percent in Q4. The results for the last quarter indicated that GDP increased by 2.4 percent during 2022. "The development for 2022 as a whole was however slightly above the historical average seen during the last decades, but this is mainly explained by low economic activity during the first half of 2021 rather than a clear increase in GDP during 2022,” says Neda Shahbazi, an economist at Statistics Sweden. source: Statistics Sweden
GDP Growth Rate in Sweden averaged 0.55 percent from 1981 until 2022, reaching an all time high of 7.50 percent in the third quarter of 2020 and a record low of -8.10 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 January of 2023.
GDP Growth Rate in Sweden is expected to be -0.50 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 2024, according to our econometric models.