The Gross Domestic Product (GDP) in Sweden stagnated 0 percent in the first quarter of 2021 over the same quarter of the previous year, following a 2.2 percent contraction in the prior quarter and beating expectations of a 1.3 percent drop. The Swedish Statistics agency noted the economy is now back at roughly the same level of the previous year, driven by a strong growth in March. source: Statistics Sweden

GDP Annual Growth Rate in Sweden averaged 2.11 percent from 1982 until 2021, reaching an all time high of 7.50 percent in the fourth quarter of 2010 and a record low of -7.70 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 May of 2021.

GDP Annual Growth Rate in Sweden is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Sweden to stand at 3.80 in 12 months time. In the long-term, the Sweden GDP Annual Growth Rate is projected to trend around 2.60 percent in 2022, according to our econometric models.

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Sweden GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.00 -2.20 7.50 -7.70 1982 - 2021 percent Quarterly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-27 08:30 AM YoY Final Q3 -2.5% -7.5% -3.6% -3.5%
2021-02-01 08:30 AM YoY Flash Q4 -2.6% -2.5% -2.3% -2.1%
2021-02-26 08:30 AM YoY Final Q4 -2.2% -2.4% -2.6% -2.6%
2021-04-29 07:30 AM YoY Flash Q1 0% -2.2% -1.3% -1.2%
2021-05-28 07:30 AM YoY Final Q1 -2.2%
2021-07-29 07:30 AM YoY Flash Q2
2021-08-27 07:30 AM YoY Final Q2
2021-10-28 07:30 AM YoY Flash Q3

Sweden GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 -0.20 6.40 -7.60 percent [+]
GDP Annual Growth Rate 0.00 -2.20 7.50 -7.70 percent [+]
GDP 530.83 555.46 586.84 15.82 USD Billion [+]
GDP Constant Prices 1231835.00 1234807.00 1262631.00 538572.00 SEK Million [+]
Gross National Product 1335273.00 1230897.00 1349633.00 142255.00 SEK Million [+]
Gross Fixed Capital Formation 304649.00 304467.00 315571.00 108838.00 SEK Million [+]
GDP per capita 57975.10 57911.20 57975.10 18050.10 USD [+]
GDP per capita PPP 53205.10 53146.50 53205.10 32574.60 USD [+]
GDP From Agriculture 17320.00 17469.00 18919.00 11279.00 SEK Million [+]
GDP From Construction 75693.00 77339.00 77339.00 40866.00 SEK Million [+]
GDP From Manufacturing 163097.00 165069.00 177255.00 59061.00 SEK Million [+]
GDP From Mining 7999.00 8115.00 12463.00 6296.00 SEK Million [+]
GDP From Public Administration 221864.00 220794.00 227766.00 185922.00 SEK Million [+]
GDP From Services 562496.00 560738.00 581532.00 186474.00 SEK Million [+]
GDP From Transport 38088.00 36079.00 46235.00 24487.00 SEK Million [+]
GDP From Utilities 29895.00 31160.00 38292.00 17383.00 SEK Million [+]


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.