Sweden GDP Growth Accelerates in Q4

In the last three months of 2013, Swedish GDP advanced 1.7 percent on a quarter-on-quarter seasonally adjusted basis, up from a revised 0.5 percent in the previous quarter and better than market expectations. The economy advanced 1.5 percent in 2013 compared to the previous year.

Household consumption expenditures increased by 2.0 percent non-adjusted and general government consumption expenditures increased by 3.2 percent non-adjusted. Changes in inventories increased the GDP growth by 1.5 percentage points. Gross fixed capital formation remained unchanged.
Exports grew by 0.3 percent and imports increased by 1.0 percent. Market production of goods and services increased 4.0 percent, working-day adjusted.

Production of goods rose by 3.4 percent and service-producing industries grew by 4.3 percent. Employment measured as the total number of hours worked grew by 0.4 percent and the number of persons employed increased 1.2 percent.

Compared with the same quarter of 2012, the GDP rose at a faster 3.1 percent in the last quarter of 2013, a dramatic increase from 0.6 percent recorded in the previous three-month period.

Sweden GDP Growth Accelerates in Q4

SCB | Joana Taborda | joana.taborda@tradingeconomics.com
2/28/2014 9:24:42 AM