Sweden's economy expanded by 9.7 percent year-on-year in the second quarter of 2021, the first period of growth in over a year and compared with a preliminary estimate of 10.0 percent. source: Statistics Sweden

GDP Annual Growth Rate in Sweden averaged 2.18 percent from 1982 until 2021, reaching an all time high of 9.70 percent in the second quarter of 2021 and a record low of -8.10 percent in the second quarter of 2020. This page provides - Sweden GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

GDP Annual Growth Rate in Sweden is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden GDP Annual Growth Rate is projected to trend around 2.40 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Sweden GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-07-29 07:30 AM YoY Flash Q2 10% 0% 8.8%
2021-08-27 07:30 AM YoY Final Q2 9.7% -0.2% 10% 10%
2021-10-28 07:30 AM YoY Flash Q3 9.7% 2.5%

Sweden Last Unit Reference Previous Highest Lowest
GDP Growth Rate 0.90 percent Jun/21 0.80 7.50 -8.10
GDP Annual Growth Rate 9.70 percent Jun/21 -0.20 9.70 -8.10
GDP Constant Prices 1286979.00 SEK Million Jun/21 1275680.00 1288969.00 544883.00
Gross National Product 1398215.00 SEK Million Jun/21 1300992.00 1398215.00 142255.00
Gross Fixed Capital Formation 325675.00 SEK Million Jun/21 313854.00 325675.00 108871.00
GDP From Mining 8200.00 SEK Million Jun/21 8264.00 12803.00 6518.00
GDP From Manufacturing 161441.00 SEK Million Jun/21 162462.00 179549.00 59556.00
GDP From Construction 74877.00 SEK Million Jun/21 73519.00 75363.00 41214.00
GDP From Agriculture 16937.00 SEK Million Jun/21 16693.00 18034.00 10669.00
GDP From Utilities 29540.00 SEK Million Jun/21 30044.00 33258.00 15094.00
GDP From Transport 43746.00 SEK Million Jun/21 42956.00 47987.00 25055.00
GDP From Services 599895.00 SEK Million Jun/21 594646.00 604089.00 189874.00
GDP From Public Administration 236098.00 SEK Million Jun/21 234191.00 237262.00 191630.00

Sweden GDP Annual Growth Rate
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.