Swedish Q4 GDP Growth Highest in 5 Years

The Swedish economy advanced a seasonally adjusted 1.3 percent on quarter in the three months to December of 2015, following an upwardly revised 1 percent growth in the previous period and beating market expectations of 0.7 percent. It was the fastest growth rate since the fourth quarter of 2010, as both domestic and external demand contributed to growth.

On a seasonally adjusted basis, household consumption grew by 0.9 and general government expenditure increased by 0.9 percent. Gross fixed capital formation increased by 2 percent. Exports increased by 2.9 percent and imports increased by 2.0 percent. Meanwhile, changes in inventories decreased the GDP growth by 0.3 percentage points.

On the production side, market production of goods and services increased 1.4 percent, as production of goods rose by 1.6 percent and service-producing industries grew by 1.2 percent.

Employment measured as the total number of hours worked increased by 0.2 percent seasonally adjusted and the number of persons employed increased by 0.7 percent.

Year-on-year, the economy expanded 4.5 percent compared to an upwardly revised 4.1 percent expansion in the previous period and reaching its highest value since the first quarter of 2011. 

Swedish Q4 GDP Growth Highest in 5 Years

Statistics Sweden | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/29/2016 8:49:25 AM