The Gross Domestic Product (GDP) in Sweden contracted 0.90 percent in the fourth quarter of 2022 over the same quarter of the previous year, the first drop since Q4 of 2020. source: Statistics Sweden

GDP Annual Growth Rate in Sweden averaged 2.24 percent from 1982 until 2022, reaching an all time high of 9.80 percent in the second quarter of 2021 and a record low of -7.90 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 March of 2023.

GDP Annual Growth Rate in Sweden is expected to be 0.30 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 1.40 percent in 2024 and 1.80 percent in 2025, according to our econometric models.

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Sweden GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-30 07:00 AM YoY Flash Q4 -0.6% 2.5% 1.2% 1.1%
2023-02-28 07:00 AM YoY Final Q4 -0.9% 2.7% 0.6% -0.6%
2023-04-27 06:00 AM YoY Flash Q1 -0.6% 0.3%


Related Last Previous Unit Reference
GDP Growth Rate -0.90 0.20 percent Dec 2022
GDP Annual Growth Rate -0.90 2.70 percent Dec 2022
GDP Constant Prices 1388958.00 1401509.00 SEK Million Dec 2022
Gross National Product 1621273.00 1500629.00 SEK Million Dec 2022
Gross Fixed Capital Formation 365542.00 375024.00 SEK Million Dec 2022
Full Year GDP Growth 2.40 4.80 percent Dec 2022
GDP from Utilities 46345.00 49125.00 SEK Million Dec 2022
GDP from Transport 47805.00 47732.00 SEK Million Dec 2022
GDP from Services 644478.00 650931.00 SEK Million Dec 2022
GDP from Public Administration 246800.00 244995.00 SEK Million Dec 2022
GDP from Mining 10533.00 11285.00 SEK Million Dec 2022
GDP from Manufacturing 170464.00 173493.00 SEK Million Dec 2022
GDP from Construction 80181.00 80536.00 SEK Million Dec 2022
GDP from Agriculture 17825.00 16962.00 SEK Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.90 2.70 9.80 -7.90 1982 - 2022 percent Quarterly
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