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.